Rosenthal & Rosenthal completed a $50 million factoring deal with a newly formed toy and collectible distributor for Walmart.
The Arkansas-based company was set up to consolidate the number of vendors Walmart uses to purchase products in its toys and collectibles category. Due to the entity being newly formed, it lacked the financial history necessary to obtain open credit in the marketplace. In its search for a solution, the company was introduced to Rosenthal. When Rosenthal learned that the company purchases product from two of its current clients, Rosenthal worked out an arrangement so that the company could receive open credit and take advantage of the growth opportunity ahead.
“As a newly established company, they would ordinarily not have had the financials and robust credit history required by most lenders,” Joe Pepe, senior vice president of business development at Rosenthal, said.
“This deal is a perfect example of the importance of looking beyond the balance sheet when it comes to getting clients the support they need, especially at the times they need it most,” Andrew Barone, vice president of business development at Rosenthal, said.
Rosenthal & Rosenthal is an independent factoring, asset-based lending and purchase order financing firm in the United States.