Kilo Fund Management, a specialty provider of commodity inventory finance to North American middle-market companies, extended its $50 million asset-backed senior secured revolving credit facility. East West Bank, a company in structured finance, led the transaction and extended the maturity date to December 13, 2028.
“Kilo Capital is a dynamic and well-managed finance company that delivers specialized capital solutions to underserved medium-sized businesses,” Joe Weingarten, managing director of East West Bank’s structured finance group, said. “It has been a pleasure working with the exceptional team at Kilo over the past few years. We’re excited to continue supporting their growth and deepening our partnership in the years to come.”
“The extension of our ABL facility marks an important milestone in our mission to continue serving the North American middle market,” Wade Brennan, CEO of Kilo, said. “We are grateful for the ongoing support of our valued long-term partner, East West Bank, and look forward to growing the ABL as we add additional lenders. We believe this extension reflects growing confidence in our strategy and builds on the success of our five-year track record.”
