BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset-based finance solutions, announced it acted as the joint lead arranger, joint bookrunner, and administrative agent for a $60 million senior secured revolving credit facility to Phillips Pet Food & Supplies (“Phillips”), a Thomas H. Lee Partners portfolio company.
Phillips is the largest national distributor of pet food and supplies to independent retail customers. The company operates 14 distribution centers that support over 17,000 customers across 35 states.