Daily News: April 11, 2018

US Capital Provides $95MM Facility to Perfume Distributor


US Capital Partners provided a $70 million revolving line of credit, scalable to $85 million, and a $10 million term loan to a wholesale distributor of perfumes and fragrances in the U.S.

The company provides products and services to retailers throughout the U.S., along with nearly 100 international wholesale customers.

“We are pleased to have advised on and put in place this $95 million growth financing program,” said Jeffrey Sweeney, chairman and CEO at US Capital Partners. “The company approached US Capital Partners seeking to refinance existing bank debt and secure additional growth capital. We supported this international distributor by structuring and providing scalable, expansive growth financing.”