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 $60,000,000 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.


 

ARS Recycling Systems
Loweville, OH

Revolving Line of Credit

WBCC has provided a $6MM revolving line of credit to ARS Recycling Systems. ARS is located in Loweville, OH and is a leading manufacturer of steel shot abrasive recycling and dust collection equipment, which is used in Bridge and overpass refurbishment. ARS sells new and used equipment as well as provides rental equipment, parts sales and servicing & repairs. The company has also recently branched out to the marine and tank cleaning marketplace.


 

Precious Plate
Niagara Falls, NY

Revolving Line of Credit

Webster Business Credit has supplied a $19,950,000 revolving line of credit to Precious Plate, Inc. with its sister company Precision Process as co-borrower. The companies are located in Niagara Falls, NY and were founded in 1973. Precious Plate provides electroplating of precious metals (gold, silver, and palladium) onto parts used in the automotive, computer, medical, telecommunications and other industries, with 21 plating lines running 24/7, while Precision Process is a manufacturer of electroplating and chemical processing equipment. The funds will be used to refinance an existing debt.


 

White Toque
Seacaucus, NJ

Revolving Line of Credit

Webster Business Credit has provided a $9,000,000 revolving line of credit to White Toque, Inc. The proceeds will be used to refinance an existing debt and provide funds for working capital and growth. White Toque Inc. was incorporated in 1992 and is an importer of specialty frozen foods and dry goods from France under the White Toque trade name and from Latin America under the La Toca Blanche trade name. Products include fruits, vegetables, bakery and dessert products, cheeses, appetizers and condiments and preserves. Sales are primarily to restaurant chains, airlines, sports arenas, and broad line wholesalers. White Toque is headquartered in Secaucus, NJ.


 

Tiffen, LLC
Hauppauge, NY

Revolving Line of Credit

Webster Business Credit has provided a $12,500,000 revolving line of credit to Tiffen, LLC. The facility will be used to refinance an existing credit facility. Tiffen is headquartered in Hauppauge, NY and manufactures filters for photography and other professional film & photography related products. Tiffen has a rich history of innovative product design, superior optical consistency and unparalleled quality. It has been recognized for its product and engineering excellence, earning a Technical Achievement Award and a Scientific and Engineering Award from the Academy of Motion Picture Arts & Sciences®, as well as multiple Emmy® Awards. The company was founded in 1938.

Barnett Corporation
Cedarhurst, NY

Revolving Credit Facility

Webster Business Credit has closed and funded a $140,000,000 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 $16,000,000 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 $16,000,000 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.

Tufenkian
New York, NY

Revolving Credit Facility

Webster Business Credit has closed and funded a $9,900,000 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.

Birken Manufacturing Co
Bloomfield, CT

Senior Revolver Facility

Webster Business Credit has closed and funded an $14,000,000 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.

Precious Metal Sales, Inc.
Watertown, CT

Revolving Credit Facility

Webster Business Credit has provided Precious Metal Sales, Inc. ("PMS") a $12,000,000 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 $24MM 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.

Oscar de la Renta
New York, NY

Revolving Credit Line

Webster Business Credit recently provided a $35MM revolving credit line to Oscar de la Renta, LLC, a privately owned company headquartered in New York City. Oscar de la Renta is one of the world’s leading luxury goods firms. The Company was established in 1965, and currently designs, manufactures and markets a full line of women’s accessories, bridal, home products and childrenswear in addition to its signature women’s ready-to-wear collection. Oscar de la Renta licenses its trademark for product categories such as eyewear, fur, home furnishings and fragrance. Primary markets include the Americas, Europe and the Middle East. The Company has 10 free standing retail stores in addition to wholesale distribution in fine department stores and specialty shops worldwide.

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Keep in mind

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