MidCap Business Credit announced it has closed on an Asset Based Credit Facility for Global Tissue Group, Inc. Headquartered in Medford, NY, Global Tissue Group is a leading private label paper manufacturer for paper towels, napkins, bath and facial tissue.
The opportunity was sourced out of MidCap’s headquarters in West Hartford, CT. Seth Cooper, Senior Vice President of MidCap Business Credit said, “We are excited to close a deal with the team at Global Tissue. We were able to structure a flexible credit facility to assist the company in achieving its financial objectives”.
“It was a pleasure to work with the team at MidCap. They understood our business, were sensitive to our needs, and responsive to our requests. Our new facility with increased availability compared to our prior facility, will assist us in continuing to grow our business while improving overall financing costs”, said Philip Shaoul, Global Tissue’s President.
MidCap Business Credit provides asset-based credit facilities to small and middle market businesses nationwide to companies across all industries.