Tiger Finance provided a $25 million credit facility to support the ongoing growth of a medical supplies distributor. The five-year FILO term loan, which closed on March 31, was part of the company’s new upsized $175 million capital structure and provided additional liquidity to support operations and growth initiatives.
“This facility provides incremental liquidity and structural flexibility to support the company’s operations, optimize its capital situation and position it for continued growth and long-term success,” Bob DeAngelis, executive managing director/group head of Tiger Finance, said. “Broadly speaking, this segment of the market is growing, and Tiger Finance is pleased to be the company’s growth partner of choice.”
