Global Specialty Chemical Supplier Closes $8 Million Loan Transaction June 18, 2018

A global specialty chemical supplier based in New York City closed on the first of two tranches of an $8 million senior secured credit facility. Representing Goldberg Segalla's Corporate and Business Transactions practice, partners Eric J. Handler, Laura A. Colca, and Adam S. Katz, along with associate Ryan W. McNagny, drafted and executed the credit facility, including both a term loan and a revolving line of credit. As part of the transaction, Eric, Laura, Adam, and Ryan also guided the client through refinancing its existing credit facilities. A third tranche is scheduled to close later in summer 2018. The funding helps continue with the growth trajectory of the company — one of the country's largest chemical suppliers, with a global network of sources and customers — and ensures that it can continue its path of innovation, which is the hallmark of its services and the factor that differentiates the company from competitors.