MidCap Financial provided a $23 million senior revolving credit facility to Wine.com. The MidCap credit facility is part of a successful refinancing of the Company’s capital structure which will help support the Company’s continued growth. Proceeds from the credit facility were used to refinance the Company’s existing revolving credit facility and will support Wine.com’s ongoing working capital needs.
Wine.com is the nation’s leading online wine retailer. Wine.com offers selection, guidance and convenience not found in stores – helping customers discover the incredible world of wine with confidence. Live chat sommeliers provide friendly advice and customers receive unlimited free shipping all year by joining StewardShip.