- Saks OFF 5TH Closes ABL and Term Loan Facilities to Further Enhance Liquidity
- CIFC To Acquire LBC Credit Partners
- National Funding Secures Warehouse Funding from Forbright Bank
- Tiger Finance Provides $8.2 Million Credit Facility to Outdoor Adventure Brands
- Fifth Third Bank Provides New $100 Million Senior Credit Facility for E-Commerce Retailer
Rosenthal Completes $25 Million Factoring Deal for a New York-Based Apparel and Home Goods Company
June 22, 2021
Source: Rosenthal & Rosenthal, Inc.
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $25 million factoring facility to support future growth opportunities for a major supplier of apparel and home goods.
In business for more than 25 years, the company sells a range of apparel and home goods products to big box stores and off-price outlets, with revenues in excess of $100 million. The company sought a more flexible lending partner that would support its projected continued growth.
“We are thrilled to partner with such a prominent and revered company that is leading the way in the fashion and home goods sectors,” said Joseph Pepe, Senior Vice President of Business Development at Rosenthal. “With the support and backing of our management team, we know the company will be able to effectively carry out its plans to continue to grow the business in 2021 and beyond.”
“Rosenthal was uniquely positioned for this deal because we were able to offer our client more flexibility as well as the confidence and stability needed to pursue important new avenues for growth,” said Andrew Barone, Vice President of Business Development at Rosenthal.
For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com and contact Joe Pepe at 212-356-1751 or jpepe@rosenthalinc.com or Andrew Barone at 212-356-1721 or abarone@rosenthalinc.com.
About Rosenthal & Rosenthal
Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading factoring, asset based lending and purchase order financing firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries. Rosenthal has offices in New York, California, Georgia and North Carolina.
