February 16, 2016
Premier seafood distribution company achieves its restructuring goals and is positioned for growth and continued success.
Rosenthal & Rosenthal, Inc. announced today that with the assistance of KCP Advisory Group, LLC it has completed new financing to Browne Trading Company, Inc. the premier supplier of fresh fish, fine caviar, shellfish, and smoked seafood to elite, Michelin star rated restaurants and home kitchens across the US. The revolving line of credit is comprised of advances against the company’s receivables and inventory.
In addition to refinancing previous lenders, the proceeds will be used to support working capital requirements. Jacen Dinoff of KCP Advisory Group indicated that “Rosenthal & Rosenthal was determined to be the right financial partner for Browne Trading Company due to their creative financing and flexibility to support the company through their restructuring”.
“We are pleased to have Rosenthal & Rosenthal as our lending partner as we continue to restructure our operations. The team at Rosenthal showed amazing interest in our story and moved quickly to structure a facility that will allow us to capitalize the company’s position for significant growth” said Rod Mitchell, President of Browne Trading Company.
Rosenthal & Rosenthal, Inc. www.rosenthalinc.com is a leading factoring and asset based lending firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries, including manufacturing, apparel, food & beverage, technology, jewelry, accessories, real estate and art lending.
KCP Advisory Group www.kcpadvisory.com is a leading business advisory firm built on the success of senior professionals who specialize in providing creative solutions and aiding clients in rehabilitating their businesses. KCP renders services spanning a range of advisory roles from consulting to interim leadership.