GreenSpace Brands has entered into a new credit facility with Pivot Financial to replace its previous ABL facility.
The structure and conditions of the new debt facility include a $3.5 million term loan and a $4.0 million full recourse accounts receivable factoring facility.
The company has re-negotiated the terms of its loans with Primary Capital and with MW1.
With the completion of this new facility with Pivot and the amendments to the Primary Note and the VTB Note, the Company is once again in full compliance with its debt facilities.
GreenSpace is a Canadian-based brand ideation team that develops, markets and sells premium natural food products to consumers across North America.