Gordon Brothers, a global advisory, restructuring and investment firm, provided Plainville Farms a $12 million term loan to support the organic and antibiotic-free turkey processor and distributor’s operations.
Plainville Farms will use the committed facility for working capital purposes and to support increased demand from customers.
“Thanks to proactive leadership in response to inflationary risks and increased demand, Plainville Farms has demonstrated tremendous resiliency in continuing to serve its customers,” Kyle C. Shonak, head of lending in North America at Gordon Brothers, said. “We were happy to provide responsive capital to support future operations and continued growth.”
“With Gordon Brothers’ support, Plainville Farms can ramp up operations with confidence as we enter the busiest time of year,” Deepak Ramanathan, who oversees the financing activity at Plainville Farms, said. “This funding is critical to our short- and long-term growth strategy.”
