Rosenthal & Rosenthal completed a pair of factoring transactions, including a $1.75MM domestic and international non-recourse factoring deal for a leading manufacturer of antimicrobial products and a $1.5MM non-recourse factoring deal for a wholesale premium seafood distributor.

A New England-based global manufacturer of antimicrobial technologies for the textile, medical and industrial sectors was in need of a new financing solution that would accommodate both their domestic and international sales, after the company experienced COVID-related losses that led to the termination of their existing banking facility. Recourse factoring was an attractive solution for the company as they already held their own trade credit insurance policy. Rosenthal stepped in to provide a collateralized accounts receivable solution in the form of a $1.75MM recourse factoring facility.

A wholesale provider of premium quality frozen seafood serving Asia-Pacific-based buyers was also looking for an alternative financing solution. Rosenthal provided a $1.5MM non-recourse factoring facility to support the company’s growing sales opportunities. As part of the transaction, the company would receive payment at the time of invoicing and shipping of goods, while the importer would benefit from open account payment terms that allowed for payment at a later date.  

“Sellers now facing a host of new challenges in the current economic environment require creative and flexible financing options to support their businesses and mitigate risk,” said Peter Clement, SVP of International Factoring at Rosenthal. “Rosenthal’s export factoring program – both non-recourse and recourse factoring – allows sellers to get paid at shipment on their international sales so they have the liquidity they need to operate their businesses and continue to seek out new sales opportunities.”