Assembled Brands Capital Extends Multiple Credit Facility Increases In Q3 2024
October 17, 2024
Source: Assembled Brands Capital
Assembled Brands Capital is pleased to announce multiple credit facility extensions for a range of high-growth consumer product companies within its portfolio. This initiative reinforces the asset-based lender’s commitment to empowering fast-growing businesses in the consumer products ecosystem, enabling them to capitalize on new growth opportunities and drive innovation.
In the third quarter of 2024, Assembled Brands Capital entered a new lending partnership with sustainable cleaning products company Dirty Labs, and facilitated a significant increase in syndicated credit lines for two standout companies. A leading high-growth alcohol brand has successfully increased its credit facility to a syndicated line of $10 million, enabling it to further capitalize on emerging market opportunities. Additionally, a prominent beauty brand has expanded its credit facility to $12.5 million, empowering it to enhance its product offerings and accelerategrowth initiatives.
“We are thrilled to support these remarkable brands as they continue to scale and adapt in a competitive market,” said Michael Lipkin, CEO at Assembled Brands. “Our tailored credit solutions allow these companies to focus on what they do best—creating exceptional products and experiences for their customers.”
Several portfolio companies have also benefited from upsized credit facilities, increasing to the following amounts: Strands Hair Care to $1.5 million, Mason Dixie Foods to $2.5 million, Wardrobe.NYC at $3.25 million Blue Tees Golf to $6 million, and GiftTree to $3.75 million. These facility upsizes underscore Assembled Brands Capital’s commitment to its portfolio companies' continued growth.
“Assembled Brands remains dedicated to empowering high-growth companies with the financial resources they need to thrive,” added Lipkin. “We believe in the great potential of these brands, and are excited to witness their continued success in the market.”
For more information about Assembled Brands Capital and its financing solutions for consumer product companies, please visit assembledbrands.com.
About Assembled Brands
Assembled Brands Capital is a leading asset-based lender specializing in flexible growth lines of credit tailored to the needs of high-growth consumer product and ecommerce companies. With a focus on innovative businesses in the CPG ecosystem, we provide the financial resources needed to support sustainable growth and market expansion.
In the third quarter of 2024, Assembled Brands Capital entered a new lending partnership with sustainable cleaning products company Dirty Labs, and facilitated a significant increase in syndicated credit lines for two standout companies. A leading high-growth alcohol brand has successfully increased its credit facility to a syndicated line of $10 million, enabling it to further capitalize on emerging market opportunities. Additionally, a prominent beauty brand has expanded its credit facility to $12.5 million, empowering it to enhance its product offerings and accelerategrowth initiatives.
“We are thrilled to support these remarkable brands as they continue to scale and adapt in a competitive market,” said Michael Lipkin, CEO at Assembled Brands. “Our tailored credit solutions allow these companies to focus on what they do best—creating exceptional products and experiences for their customers.”
Several portfolio companies have also benefited from upsized credit facilities, increasing to the following amounts: Strands Hair Care to $1.5 million, Mason Dixie Foods to $2.5 million, Wardrobe.NYC at $3.25 million Blue Tees Golf to $6 million, and GiftTree to $3.75 million. These facility upsizes underscore Assembled Brands Capital’s commitment to its portfolio companies' continued growth.
“Assembled Brands remains dedicated to empowering high-growth companies with the financial resources they need to thrive,” added Lipkin. “We believe in the great potential of these brands, and are excited to witness their continued success in the market.”
For more information about Assembled Brands Capital and its financing solutions for consumer product companies, please visit assembledbrands.com.
About Assembled Brands
Assembled Brands Capital is a leading asset-based lender specializing in flexible growth lines of credit tailored to the needs of high-growth consumer product and ecommerce companies. With a focus on innovative businesses in the CPG ecosystem, we provide the financial resources needed to support sustainable growth and market expansion.