MidCap Business Credit completed a $11.2 million asset-based credit facility with a producer of luxury bottled and canned water products, headquartered in New York, NY.
The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT. Seth Cooper, Senior Vice President and National Sales Manager, of MidCap Business Credit, LLC, said, "We were able to provide a flexible asset-cased credit facility comprised of a revolver and equipment term loan. Our credit facility will be utilized to support the company’s growth and provide the liquidity they require to execute on their strategic plan.”