5th Generation Company – Neatsfoot Oil

– $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%.

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