Burdale Provides $20.0 Million Transatlantic and Multi-Currency Senior Credit Facility
16/07/2009
Burdale Capital Finance, Inc., (“Burdale”), a member of the Bank of Ireland Group, has announced the completion of a $20.0 million multi-currency, transatlantic asset based credit facility to refinance existing indebtedness of Calumet Photographic, a portfolio company of Rubicon Partners Industries LLP.
Founded in 1939 Calumet Photographic is the leading international multi-channel specialty retailer of high-end photographic and video equipment, accessories and services.
David Grende, Chief Executive, Burdale Capital Finance said: “The
Calumet
transaction demonstrates our cross-border international lending capabilities. We look forward to working with the
Calumet
and Rubicon teams as they execute their long-term growth plans in the current retail environment.”
