Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD14 million asset-based facility to refinance the existing debt facility and provide working capital for PetEdge, Inc.
Founded in 1956 and based in Beverly, Massachusetts, PetEdge, Inc. is a developer and wholesale distributor of pet supplies and grooming products to a diverse customer base including pet professionals (groomers, kennels and veterinarians) and leading retailers nationwide.
The company was originally known as New England Serum Company, Inc. and has been doing business as PetEdge, Inc since 2002.
