Deal Wins

View a sample of asset-based lending solutions that Webster Business Credit ABL provided for our clients.


 

Active International
Pearl River, NY

Senior Secured Revolving Line of Credit

Webster Business Credit has provided a $40,000,000 Senior Secured Revolving Line of Credit to Active Media Service, Inc. d.b.a. Active International, to refinance an existing facility and provide working capital to further growth. Active International enables companies to use their excess assets to offset media, marketing, retail, travel, shipping & freight expenses. The company places $1 billion in media annually on behalf of its clients. Founded in 1984, Active is based in Pearl River, NY and has offices in 14 countries.

Barnett Corporation
Cedarhurst, NY

Revolving Credit Facility

Webster Business Credit has closed and funded a $110,000,000 Asset Based Revolving Credit Facility to Barnett Corporation. Headquartered in Cedarhurst, NY, Barnett Corporation is one of the foremost suppliers of containerboard globally. With seventeen facilities located throughout North America, South America, Europe and Asia, they have a strong reputation for quality products and service


 

ADI
Randolph, NJ

Revolving Credit Facility, Term Loan, CapEx Line

Webster Business Credit has provided ADI American Distributors, Inc. ("ADI") with a $14,000,000 Credit Facility consisting of a revolving credit, term loan and CAPEX line which was used to refinance existing debt and provide working capital for future growth. ADI is a privately held business headquartered in Randolph, NJ. ADI is a value added distributor of electronic components primarily to the commercial and military aerospace industry under long term supply contracts. The company was founded in 1985 by its current owner, David Beck. In addition to its NJ location, the company has assembly operations in Oklahoma and subsidiaries in the UK and India.

University Loft
Greenfield, IN

Senior Revolving Credit Facility

Webster Business Credit has provided a $24,400,000 Senior Secured Revolving Credit Facility to University Loft Co.. Based in Greenfield, IN, University Loft has been the leader in furniture manufacturing since 1986 with products found in most major retail stores throughout the United States.

Bachmann Industries
Philadelphia, PA

Revolving Line of Credit

Webster Business Credit has provided a $10,000,000 revolving line of credit to Bachmann Industries.  Bachmann is located in Philadelphia, PA and was founded in 1833.  Originally producing high end accessories, it has over the years diversified into ready-to-run train sets, locomotives, tracks and other accessories.  Proceeds will be used to refinance their current lender and provide working capital..

Tufenkian
New York, NY

Revolving Credit Facility

Webster Business Credit has closed and funded a $6,500,000 Asset Based Revolving Credit Facility to Tufenkian Artisan Carpets. Headquartered in New York City, Tufenkian is recognized as the innovative and quality leader of handmade Tibetan and Armenian rugs with showrooms and dealers across the United States.

Natural Chemistry
Norwalk, CT

Revolving Credit Facility

Webster Business Credit has closed and funded a $10,100,000 Revolving Asset Based Credit Facility to Natural Chemistry. Headquartered in Norwalk, CT, Natural Chemistry is one of the leading manufacturers of specialty products for pool, spa and pet care.

Hazen Paper Company
Holyoke, MA

Senior Secured Credit Facility

Webster Business Credit recently provided a $14,650,000 Senior Secured Credit Facility to Hazen Paper Company to refinance an existing debt and provide on-going working capital and capital expenditure support. Hazen Paper Company, founded in 1926, is headquartered in Holyoke, MA and operates plants in Holyoke and Housatonic, MA and Osgood, IN. Hazen is the industry leader in producing Holographic designs for the printing and packaging industries. Hazen’s expertise includes a wide variety of applications; laminates roll paper, film or foils into print-ready sheets or rolls used in packaging, lottery tickets and advertising media production.

Birken Manufacturing Co
Bloomfield, CT

Senior Revolver Facility

Webster Business Credit has closed and funded an $10,000,000 Senior Secured Revolver to Birken Manufacturing Company, a Connecticut based manufacturer of jet engine assemblies and components.

HPC Food Service
South Windsor, CT

Secured Revolving Credit Facility

Webster Business Credit has provided a $19,000,000 Senior Secured Revolving Credit Facility to HPC Food Service. Headquartered in South Windsor, CT, HPC Foodservice is a full service grocery and sundry distributor to the healthcare and food service industries. HPC Foodservice is family owned and operated and has been in business since 1908.

Ivy Acres
Calverton, NY

Senior Secured Revolving Line of Credit and Term Loan Facility

Webster Business Credit recently provided a $19,500,000 Senior Secured Revolving Line of Credit and Term Loan facility to Ivy Acres, Inc., to refinance an existing facility and provide working capital to further growth. Ivy Acres, a family owned business, is a full service provider of live goods. It grows over 80 million plants and ships over a million per day. To support its business 365 days a year, its product line is diversified and includes vegetables, mums, bulbs, perennials, roses, ground cover, tropicals, foliage, succulents, orchids, pumpkins, gourds, corn stalks, poinsettias, Christmas wreaths and roping. Founded in the late 1960’s, Ivy Acres is based in Calverton, Long Island, NY, with additional locations in New Jersey and Pennsylvania.

Berkshire Blankets, Inc.
Ware, MA

Senior Revolving Credit Facility

Webster Business Credit has provided a $22,000,000 Senior Secured Revolving Credit Facility to Berkshire Blankets, Inc. Berkshire Blankets, Inc. is an importer and wholesaler, located in Ware, MA.

Precious Metal Sales, Inc.
Watertown, CT

Revolving Credit Facility

Webster Business Credit has provided Precious Metal Sales, Inc. ("PMS") a $10,000,000 Revolving Credit Facility to refinance existing debt and provide incremental working capital. The WBCC revolver was structured to allow the company to expand its product offering by providing the financing to PM Sales to enter into precious metal leasing programs with its core customers. PMS is a family owned business located in Watertown, CT. PM distributes precious metals such as gold and silver to companies in the electroplating industry and other industrial applications. The company, founded in 1988, is managed by its current CEO and majority shareholder, Anthony Luccaro, Sr. His son, Anthony Luccaro, Jr. is the current COO and instrumental in daily operations.

HDS Trading Corp.
North Brunswick, NJ

Senior Secured Revolving Line of Credit

Webster Business Credit recently provided a $14.5MM facility to HDS Trading Corp. to refinance an existing credit facility and provide working capital.  HDS is a family owned business that was founded in 2000, it is headquartered in North Brunswick, NJ.  The company distributes home goods under the brand name "Home Basics", and maintains a showroom at 250 Fifth Avenue, NYC.

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All credit facilities are subject to the normal credit approval process.

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