$19,000,000 Total Credit Facility
The total credit facility was comprised of a $15,000,000 revolving line of credit and a $4,000,000 equipment term loan. The proceeds were used to pay off the existing senior revolving and term loan lenders and provide additional working capital for growth purposes.
“The North Mill team was very responsive in understanding our needs. Throughout the process, they were problem solvers, not problem makers. We are enthusiastic to have them as our lending partner.”
— Ray Ovanessian, CEO of Allied West Paper
Founded in 1989, Allied West Paper is an industry-leading certified paper converter producing innovative, and quality paper towel, napkin, bathroom, and facial tissue products. They differentiate themselves with superior customer service for grocery and retail chains, as well as janitorial and foodservice distributors.
For further information, please contact:
Daniel F. Tortoriello
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.
North Mill Capital LLC is a portfolio company of Solar Senior Capital Ltd. [NASDAQ: SUNS]