Revolution Foods, a provider of healthy meals to students and families across America, received a revised accounts receivable line of credit facility from Bridge Bank alongside a venture term loan shared by Bridge Bank and Orix Growth Capital Finance.
The amount of the transactions was not disclosed.
The line of credit will be used to support general working capital requirements, while the term loan will be used to help refinance existing debt and provide long-term growth capital for the company to invest in its consumer packaged goods business and manufacturing plant expansion.
Started in 2006, Revolution Foods is a provider of nutritious, affordable school lunches to students. It today serves over 2 million schools meals every week in 14 states and of retail consumer-packaged products available at thousands of stores across the United States.