PetEdge, Inc., a Beverly, Massachusetts-based developer and wholesale distributor of pet supplies and grooming products, received a $14M asset-based facility.
Monroe Capital acted as sole lead arranger and administrative agent on the funding.
The company will use the funds to refinance the existing debt facility and for working capital purposes.
Founded in 1956, PetEdge provides pet supplies and grooming products to a diverse customer base including pet professionals (groomers, kennels and veterinarians) and retailers nationwide.
The company, originally known as New England Serum Company, Inc., has been doing business as PetEdge, Inc. since 2002.