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Super G Provides Second Lien Bridge Loan for Greek Yogurt Brand

Date: Jun 14, 2018 @ 07:12 AM

Super G provided a second-lien non-dilutive $2.1 million term loan to a Greek yogurt brand, behind the company’s existing bank credit facility, which consisted of an accounts receivable-based line of credit and an equipment loan. Super G quickly closed its loan which enabled the Company to complete the transition to its new facility and created more time for the Company’s investment bank to run a complete process and secure the best deal possible. Super G worked in partnership with the Company’s bank to structure the transaction on terms acceptable to all parties.

The Company had engaged a middle market investment bank to secure a large round of growth equity capital. During this process, the Company required additional working capital to help complete the opening of a new manufacturing facility that would increase production capacity and in turn boost revenue, leading to a much higher valuation.

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