Comvest Credit Partners is acting as Administrative Agent and is the sole lender on a $165 million senior secured credit facility for Diesco Industries. The Financing will be used to refinance Diesco’s existing debt while providing flexibility for its continued growth and expansion.

Diesco is a family-owned leading beverage and integrated packaging and bottler producer based in the Dominican Republic with significant presence across Latin America. The Company owns and operates vertically integrated manufacturing companies of non-alcoholic beverage products and lightweight packaging, managing a portfolio that encompasses branded and private label products across multiple categories including bottled water, carbonated drinks, caps, and bottles. Diesco serves food and beverage end markets, with operations in Puerto Rico, Dominican Republic, and Colombia.

“Comvest Credit is committed to providing responsive credit financing solutions directly to well-positioned market leaders within our industries of focus,” said Tom Goila, Partner, at Comvest Credit. “Diesco is a top producer of diverse and growing beverage and packaging brands in the Caribbean. We are pleased to provide a flexible facility that addresses the Company’s strategic goals.”

“Comvest Credit was able to serve as the single-source provider of the facility size we sought to support our business objectives,” said Manuel Diez, Diesco’s Founder and CEO. “In addition to its capital support, the team ran an efficient process and got the deal done on an extremely aggressive timeline, which put us in excellent position to execute our strategic plan as we start the new year. As always, we remain committed to innovation, high-end performance and meeting evolving consumer needs.”