The Company:

Privately owned manufacturer of premium artisanal Greek yogurt, handmade from a proprietary family recipe.

Financial Profile: Revenue: $21MM | EBITDA: $2MM

The Financing Situation:

The Company had engaged a middle market investment bank to secure a large round of growth equity capital. During this process, the Company required additional working capital to help complete the opening of a new manufacturing facility that would increase production capacity and in turn boost revenue, leading to a much higher valuation.

The Solution:

Super G provided a 2nd lien, non-dilutive $2.1MM term loan behind the Company’s existing bank credit facility, which consisted of an accounts receivable-based line of credit and an equipment loan. Super G quickly closed its loan which enabled the Company to complete the transition to its new facility and created more time for the Company’s investment bank to run a complete process and secure the best deal possible. Super G worked in partnership with the Company’s bank to structure the transaction on terms acceptable to all parties.