FrontWell Capital Partners closed a US$25 million secured credit facility with Borealis Foods Inc. (“Borealis”), a fast-growing food tech company with a mission to serve growing consumer needs and global food challenges through its development of nutritious, healthy, and affordable ready-to-eat meals. Borealis is best known as the creator of Chef Woo – the first” high protein vegan ramen noodle brand. Chef Woo can be found in approximately 20,000,000 retail locations across the US and Canada, including Walmart USA, Costco, Aldi, and Amazon.

The facility, comprised of a revolver and a term loan, will be used by Borealis to refinance its existing debt and provide additional working capital liquidity to support Borealis’ growth and expansion.

“We are pleased to partner with Borealis to provide a flexible financing solution that will enable Borealis to capitalize on the significant growth opportunities ahead as the company continues to develop cutting-edge solutions to tackle global food challenges,” said Patrick Dalton, Chief Executive Officer of FrontWell.

“We appreciate FrontWell’s creative approach to structuring a cross-border capital solution that will allow our company to execute on a business plan that includes significant growth objectives and global expansion,” said Reza Soltanzadeh, Chief Executive Officer of Borealis.
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