- Arevon Secures $600 Million Credit Facility to Accelerate Renewable Energy Growth in the United States
- Ares Commercial Finance Served as Lead and Agent for the Financing of a $210 Million Senior Secured Cross-Border Revolving Line of Credit to MicroStar Logistics
- CIT Northbridge Provides Financing to Mohawk Fine Papers
- Rosenthal Provides $1.2 Million ABL Facility to Specialty Foods Distributor, Partner Foods Group
- Allbirds Secures $75 Million Credit Facility, Launches ATM Program
Western Alliance Bank Closes $60 Million Asset-Based Lending Facility for Vertically Integrated Grower/Processor/Distributor of Fresh Vegetable and Value-Added Products
June 9, 2025
Source: Western Alliance Bank
June 3, 2025
Source: Western Alliance Bancorporation
Western Alliance Bank’s Food, Agriculture and Beverage team is pleased to announce the successful closing and funding of a $60 million Asset-Based Lending (ABL) facility to support the working capital needs of a California-based company specializing in the growing, processing and distribution of fresh vegetables. The ABL facility will support the company’s growth and ongoing working capital requirements from farmgate to its consumer brand.
“This company has been in business for over 100 years, with strong branding on a national scale and deep roots in the community it serves. The company’s leadership shares many of the same core values and perspectives that we hold at Western Alliance Bank, and our team’s knowledge and advisory approach was a key driver in aligning the companies. We are privileged to be trusted as their primary banking partner,” said Leo Munoz, industry executive for Food, Agriculture & Beverage. Joe Lisack, head of Asset-Based Lending at Western Alliance Bank, added: "We are pleased to provide the working capital to support the company’s continued growth. Collaborating with both the ownership group and management team is a rewarding experience, and we look forward to a strong, long-term banking partnership."
About Western Alliance Bank
With more than $80 billion in assets, Western Alliance Bancorporation is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, offers a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by banking and mortgage experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director and receiving #1 rankings on Extel’s (formerly Institutional Investor’s) All-America Executive Team Midcap Banks 2024 for Best CEO, Best CFO and Best Company Board of Directors. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bank.
