We represented Portobello America and its Brazilian parent company in a $54 million credit facility secured primarily by accounts receivable from Portobello’s Tennessee manufacturing facility. We also represented Portobello America in an amendment to its long-term lease of the manufacturing, distribution, and warehouse facility in Baxter, Tennessee, extending the lease through 2055 and providing approximately $10 million in additional funding to expand operations.
$54 Million Credit Facility and Lease Expansion for Portobello America
$54 Million Credit Facility and Lease Expansion for Portobello America
We represented Portobello America and its Brazilian parent company in a $54 million credit facility secured primarily by accounts receivable from Portobello’s Tennessee manufacturing facility. We also represented Portobello America in an amendment to its long-term lease of the manufacturing, distribution, and warehouse facility in Baxter, Tennessee, extending the lease through 2055 and providing approximately $10 million in additional funding to expand operations.