Newsroom | FrontWell Capital Partners
Summary
Chef Woo can be found in approximately 20,000 retail locations across the US and Canada, including Walmart USA, Costco, Aldi, and Amazon.The facility, comprised of a revolver and a term loan, will be used by Borealis to refinance its existing debt and provide additional working capital liquidity to support Borealis growth and expansion.We are pleased to partner with Borealis to provide a flexible financing solution that will enable Borealis to capitalize on the significant growth opportunities ahead as the company continues to develop cutting-edge solutions to tackle global food challenges, said Patrick Dalton, Chief Executive Officer of FrontWell.We appreciate FrontWells creative approach to structuring a cross-border capital solution that will allow our company to execute on a business plan that includes significant growth objectives and global expansion, said Reza Soltanzadeh, Chief Executive Officer of Borealis.Headquartered in Toronto, FrontWell Capital Partners provides transitionary senior debt financing to middle-market companies in the United States and Canada. FrontWells rigorous approach to origination, underwriting and risk management generates current income while prioritizing the preservation of principal over the chase for yield. FrontWell partners with companies across several industries that display balance sheet capacity and that require liquidity to support a transition in their business, including turnarounds, restructurings, acquisitions and changes in ownership or control. The companys focus on affordability and sustainability reflects its commitment to making a positive impact on both human life and the planet.Through continuous research and development, and partnerships with other advanced food-tech companies, Borealis Foods has created ramen meals that are organic, vegan, vegetarian, Halal, Kosher, plant-based, egg and dairy free, non-GMO, MSG free, and TBHQ free, and are manufactured with recyclable packaging.Borealis Foods is the innovator behind the first high protein organic ramen noodle. With its Chef Woo product, Palmetto Gourmet Foods has created an affordable, convenient, shelf-stable and planet-friendly instant protein meal that can help in the fight against protein malnutrition both domestically and on a world scale.For FrontWell: John Ho Chief Financial Officer jho@frontwellcapital.com For Borealis: Henry Wong Chief Marketing Officer hwong@borealisfoods.ca