IDB Bank closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms.

Dwight Funding was one of the first capital providers to focus on high growth, digitally native brands. Today, it leads the broader consumer packaged goods (CPG) space, offering asset-based lines of credit and equipment financing. The team has built a portfolio of exceptional growth stage businesses, as well as an active network of acclaimed investors, advisors and strategic partners.

IDB was the sole lead arranger and administrative agent for Dwight's facility, signaling the Bank's growing position in the Lender Finance industry. "We are very pleased for the tremendous opportunity to agent a credit facility for Dwight Funding, as they continue to distinguish themselves through their exceptional management team and a proven formula for success," said Lissa Baum, IDB Bank Head of New York Commercial Banking. "We are proud to expand our leadership role in the lender finance space with the closing of this new syndication."

Ben Brachot, Dwight's Co-founder, shared that this facility supports the continued growth of the modern lender's robust portfolio. The financing also allows Dwight to continue investing in their proprietary technology that provides brands with a best-in-class lending experience.