SLR Business Credit (SLRBC) funded a new senior secured credit facility for a large-scale distributor of specialty polymers.
The company had outgrown its bank line and needed a larger credit facility to support its growth. Its bank partner introduced SLRBC to refinance the senior facility while the bank maintained a relationship for treasury services and an affiliate real estate loan. SLRBC structured and approved a line with supplemental AR and inventory availability while increasing the senior facility amount.
The tailored financing solution provides enhanced liquidity and financial flexibility under a senior ABL structure to accommodate the company’s growth trajectory.
“This deal exemplifies how SLRBC is able to structure creative facilities alongside our bank partners to provide companies with the availability and flexibility they need to do what they do best,” Jeffrey Austin, senior vice president of business development at SLRBC, said. “We are thrilled to partner with the bank and the Company while we continue to support our partners and their clients in New Jersey and across the United States.”
