Varagon Capital Partners is serving as Administrative Agent, Joint Lead Arranger, Joint Bookrunner and Syndication Agent on a senior secured credit facility to support the acquisition of JTM Foods, LLC (JTM) by Tenex Capital Management (Tenex).
Headquartered in Erie, PA, JTM Foods, LLC, has been producing premium quality snack pies and other sweet treats since 1985. The Company produces JJ’s Bakery branded, co-manufactured, and private label sweet baked goods such as fruit filled snack pies, mini pies, and crispy rice treats.