Pilot Wave Holdings Increases Asset-Based Credit Facility from Aequum Capital to $15MM
Summary
The upsize allows Pilot Wave to increase borrowing capacity across additional portfolio companies, which will provide for continued growth and acquisitions. "We are excited to expand our credit facility with Aequum," said Arik Oganesian, head of E-Commerce at Pilot Wave. "Upsizing the asset-based credit facility is a natural next step to grow our partnership with the Pilot Wave team," said Eric Weisheit of Aequum Capital. "We have the utmost confidence in Pilot Waves ownership and management team and their ability to navigate the dynamic landscape of e-commerce. Comprised of hybrid investment professionals, operators, and technologists, the team partners with exceptional management to grow businesses and help them continue to be competitive in the technological age.Aequum Capital Financial is a specialty finance lender providing senior asset-based and cash flow debt facilities of up to $25MM to small and medium-sized businesses throughout the U.S.Please reach out to Eric Weisheit of Aequum Capital (ericweisheit@aequumcapital.com) or Arik Oganesian of Pilot Wave (arik.oganesian@pilotwaveholdings.com) for additional details.