– $2.9MM Corporate Debt Restructure
– Philadelphia, PA
This family owned company is over 100 years old and in its 5th generation. It produces Neatsfoot oil which is used in the softening of most baseball gloves. Pennant brokered a deal for a Total Corporate Debt Restructure of $2.9MM with a Self Liquidating 15 Year Term Loan at Prime + 2.75%.