Ancoris Advises ASG
Ancoris Advises ASG
About the transaction
Ancoris acted as the exclusive financial advisor to ASG in securing $50 million in a debt refinancing.
About the Company
Associated Supermarket Group LLC (“ASG”) provides retail solutions including distribution, marketing, merchandising, promotional services, and store financing to over 230 grocery stores in the New York metro area.
For more information, please visit
ASG website https://www.asghq.com/
Ancoris provided thoughtful and straightforward guidance and conducted a highly effective process that resulted in a phenomenal outcome.
Zulema Wiscovitch, co-President and co-CEO of ASG
Investment
ASG raised $50 million in debt financing in the form of a revolving credit facility.
Ancoris negotiated an attractive borrowing base given the nuanced nature of the business, as well as covenant terms to allow for flexibility and continued growth of the business.
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