Kilo Fund Management, a specialty provider of commodity inventory finance to North American middle-market companies, announced the extension of its $50 million asset-backed senior secured revolving credit facility (the “ABL”). The renewed commitment enhances Kilo’s ability to deliver tailored commodity finance solutions to industrial and wholesale users of metals, food and agricultural commodities, and energy inventories.
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In 2019, Kilo launched a dedicated platform to provide innovative metal financing solutions to U.S. businesses. Backed by Cordillera Investment Partners, a firm specializing in niche, non-correlated assets, Kilo has become a key resource for companies seeking customized financing solutions.
East West Bank, a leader in structured finance, led the transaction and extended the maturity date to December 13, 2028, reaffirming its commitment to Kilo.
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“Kilo Capital is a dynamic and well-managed finance company that delivers specialized capital solutions to underserved medium-sized businesses,” said Joe Weingarten, Managing Director of East West Bank’s Structured Finance Group. “It has been a pleasure working with the exceptional team at Kilo over the past few years. We’re excited to continue supporting their growth and deepening our partnership in the years to come.”
Wade Brennan, Chief Executive Officer, commented, “The extension of our ABL facility marks an important milestone in our mission to continue serving the North American middle market. We are grateful for the ongoing support of our valued long-term partner, East West Bank, and look forward to growing the ABL as we add additional lenders. We believe this extension reflects growing confidence in our strategy and builds on the success of our five-year track record.”
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Source: Businesswire
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