Quirch Foods, a distributor and exporter of protein and specialty food products across the United States, Puerto Rico and Latin America, completed a $1.1 billion strategic debt refinancing led by Ares U.S. Direct Lending funds and Regions Bank, with participation from a consortium of additional lenders.
The new financing structure strengthens the company’s balance sheet and positions Quirch Foods for its next phase of growth, which will be primarily focused on investments in its brands, talent, technology and operational innovation. The transaction expands the company’s asset-based lending (ABL) facility and provides access to a delayed draw term loan, offering greater flexibility to pursue strategic initiatives, capture market opportunities and fund future acquisitions.
“This refinancing provides Quirch with a strong foundation to continue pursuing strategic acquisitions that complement our platform, expand our reach and better serve our customers,” Frank Grande, CEO of Quirch Foods, said. “We see meaningful opportunities to grow in both our core categories and adjacent markets, and this financing enables us to move decisively when those opportunities arise.”
Carmen Sabater, chief financial officer of Quirch Foods, said, “The increased availability under our ABL allows us to better meet strong and growing demand from our customers. This refinancing underscores the confidence our financial partners have in our business model and long-term strategy, and it gives us the flexibility to continue investing in the areas that drive our growth and success.”
