Wintrust Financial announced that its Wintrust Business Credit team arranged $90 million in financing for a Midwest-based commercial printer to support its growth objectives.
Wintrust Business Credit acted as the administrative agent and lead arranger for the financing, which includes a $75 million asset-based revolving line of credit, an $8 million term loan supported by machinery and equipment and a $7 million commercial real estate mortgage. Additionally, Wintrust is providing a full suite of treasury management products and services.
“This transaction is an example of our ability to arrange complex credits to support our client’s sophisticated banking needs, including a robust syndication process,” said Jason LeuVoy, Wintrust Business Credit National Head of Originations.
The company is a commercial printer specializing in direct mail, retail catalogs, marketing items and digital printing. It has 18 locations throughout the United States and services over 5,000 clients from coast to coast. Over the past decade, the company has made a number of acquisitions, creating one of the largest printing companies in the country.
Banking products provided by Wintrust Financial Corp. banks.