Kilo Fund Management Announces New Asset-Based Lending Facility
Kilo Fund Management announced the extension of its $50 million asset-backed senior secured revolving credit facility (ABL). The renewed facility, led by East West Bank, extends the maturity date to December 13, 2028, enhancing Kilo's ability to provide commodity finance solutions to North American middle-market companies.
The company, backed by Cordillera Investment Partners, launched a dedicated platform in 2019 for metal financing solutions to U.S. businesses. The facility supports Kilo's continued growth in providing financing for metals, food and agricultural commodities, and energy inventories. The extension builds on the company's five-year track record and positions it for further expansion with potential additional lenders.
Kilo Fund Management ha annunciato l'estensione della sua linea di credito garantita senior revolving (ABL) da 50 milioni di dollari. La nuova linea, guidata da East West Bank, estende la data di scadenza al 13 dicembre 2028, migliorando la capacità di Kilo di fornire soluzioni di finanziamento per le materie prime alle aziende del mercato medio nordamericano.
L'azienda, sostenuta da Cordillera Investment Partners, ha lanciato nel 2019 una piattaforma dedicata per soluzioni di finanziamento dei metalli per le imprese statunitensi. La linea supporta la continua crescita di Kilo nel fornire finanziamenti per metalli, prodotti alimentari e materie prime agricole, e inventari energetici. L'estensione si basa sui cinque anni di esperienza dell'azienda e la posiziona per un'ulteriore espansione con potenziali finanziatori aggiuntivi.
Kilo Fund Management anunció la extensión de su línea de crédito garantizada senior revolving (ABL) de 50 millones de dólares. La instalación renovada, liderada por East West Bank, extiende la fecha de vencimiento al 13 de diciembre de 2028, mejorando la capacidad de Kilo para proporcionar soluciones de financiamiento de commodities a empresas del mercado medio de América del Norte.
La compañía, respaldada por Cordillera Investment Partners, lanzó en 2019 una plataforma dedicada a soluciones de financiamiento de metales para empresas estadounidenses. La línea respalda el continuo crecimiento de Kilo en la provisión de financiamiento para metales, productos alimenticios y materias primas agrícolas, así como para inventarios de energía. La extensión se basa en el historial de cinco años de la empresa y la posiciona para una mayor expansión con posibles prestamistas adicionales.
Kilo Fund Management는 5천만 달러 규모의 자산 담보 선순위 회전 신용 시설(ABL)의 연장을 발표했습니다. East West Bank가 주도하는 이번 갱신된 시설은 만료일을 2028년 12월 13일로 연장하며, Kilo가 북미 중소기업에 원자재 금융 솔루션을 제공할 수 있는 능력을 강화합니다.
코르디예라 투자 파트너스(Cordillera Investment Partners)의 지원을 받는 이 회사는 2019년에 미국 기업을 위한 금속 금융 솔루션 전용 플랫폼을 출시했습니다. 이 시설은 금속, 식품 및 농산물, 에너지 재고에 대한 자금 지원을 통해 Kilo의 지속적인 성장을 지원합니다. 연장은 회사의 5년 간의 실적을 바탕으로 하며, 추가 대출자와 함께 더 큰 확장을 위한 기반을 마련합니다.
Kilo Fund Management a annoncé l'extension de sa facilité de crédit revolving senior garantie par des actifs (ABL) de 50 millions de dollars. La nouvelle facilité, dirigée par East West Bank, prolonge la date d'échéance au 13 décembre 2028, renforçant la capacité de Kilo à fournir des solutions de financement de matières premières aux entreprises du marché intermédiaire nord-américain.
L'entreprise, soutenue par Cordillera Investment Partners, a lancé en 2019 une plateforme dédiée aux solutions de financement des métaux pour les entreprises américaines. La facilité soutient la croissance continue de Kilo dans le financement des métaux, des produits alimentaires et des matières premières agricoles, ainsi que des stocks d'énergie. L'extension s'appuie sur les cinq années de succès de l'entreprise et la positionne pour une expansion supplémentaire avec des prêteurs potentiels supplémentaires.
Kilo Fund Management hat die Verlängerung seiner 50 Millionen Dollar umfassenden, asset-backed, senior gesicherten revolvierenden Kreditfazilität (ABL) angekündigt. Die erneuerte Fazilität, die von East West Bank geleitet wird, verlängert das Fälligkeitsdatum auf den 13. Dezember 2028 und verbessert Kilos Fähigkeit, Finanzierungsangebote für Rohstoffe für nordamerikanische Mittelstandsunternehmen bereitzustellen.
Das Unternehmen, das von Cordillera Investment Partners unterstützt wird, hat 2019 eine spezielle Plattform für Finanzierungsangebote für Metalle für US-Unternehmen ins Leben gerufen. Die Fazilität unterstützt Kilos kontinuierliches Wachstum bei der Bereitstellung von Finanzierungen für Metalle, Lebensmittel und Agrarprodukte sowie Energiebestände. Die Verlängerung baut auf der fünfjährigen Erfolgsbilanz des Unternehmens auf und positioniert es für eine weitere Expansion mit potenziellen zusätzlichen Kreditgebern.
- Secured extension of $50 million ABL facility
- Extended maturity date to December 13, 2028
- Potential for facility growth through additional lenders
- None.
Insights
The $50 million ABL facility extension demonstrates East West Bank's strategic expansion in the specialized lending market, particularly in commodity-backed financing. This transaction is noteworthy for several reasons:
The structured nature of the facility, being asset-backed and senior secured, provides EWBC with strong collateral protection while serving an underserved market segment. Commodity inventory financing typically generates higher yields compared to traditional commercial lending, potentially contributing to improved net interest margins.
The extension to 2028 is particularly significant as it:
- Provides stable, long-term revenue visibility for EWBC's structured finance division
- Demonstrates confidence in Kilo's business model and risk management practices
- Positions EWBC strategically in the middle-market commodity finance space, where competition from traditional banks is
The partnership with Cordillera Investment Partners adds an extra layer of credibility and risk management to the transaction. Their specialization in non-correlated assets suggests a sophisticated approach to portfolio diversification, which aligns well with EWBC's risk management framework.
From a strategic perspective, this facility enhances EWBC's market position in structured finance while maintaining a secured lending profile. The focus on middle-market companies in essential sectors like metals, agriculture, and energy provides natural hedging benefits through commodity-backed collateral, particularly valuable in the current market environment.
Expanded ABL Facility Supports Company’s Continued Growth
In 2019, Kilo launched a dedicated platform to provide innovative metal financing solutions to
“Kilo Capital is a dynamic and well-managed finance company that delivers specialized capital solutions to underserved medium-sized businesses,” said Joe Weingarten, Managing Director of East West Bank’s Structured Finance Group. “It has been a pleasure working with the exceptional team at Kilo over the past few years. We’re excited to continue supporting their growth and deepening our partnership in the years to come.”
Wade Brennan, Chief Executive Officer, commented, “The extension of our ABL facility marks an important milestone in our mission to continue serving the North American middle market. We are grateful for the ongoing support of our valued long-term partner,
About East West Bancorp
About Cordillera Investment Partners
Cordillera Investment Partners is an investment management firm focused on investing in niche, non-correlated assets. Its investments are generally in sectors that are misunderstood, undercapitalized, and uncorrelated with traditional assets. Cordillera manages over
About Kilo Fund Management
An NFA-registered Commodity Pool Operator, Kilo Fund Management is a customer-centric finance firm providing tailored solutions to middle-market clients. Its product offerings unlock capital tied up in commodity inventories through custom financing, supply chain, and pricing solutions that meet each customer’s unique needs. The company is headquartered in
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Source: Kilo Fund Management
FAQ
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