Rosenthal Provides $5MM Facility for Horticulture Lighting Manufacturer
Our team recently completed a $5,000,000 dual facility that provides both production based/work in process purchase order financing and asset-based lending to this Texas based horticultural lighting manufacturer who is portfolio company of a large New York based private equity group.
Rosenthal & Rosenthal's purchase order financing and asset-based lending divisions structured an incremental working capital funding solution that will enable the client to execute on the growth opportunities related to it's expansion in the agricultural and cannabis industries without the private equity group having to provide additional capital.
Congratulations to the joint members of our team, Mark Collins, Jennifer Draffkorn, Paul Schuldiner, and Rob Martucci who worked in tandem with the client, the private equity ownership group, and the referring outside consulting firm to facilitate the successful completion of this unique opportunity.
Read about the deal in these publications: TSL Express and ABFJournal.