La Cocina Foods
La Cocina Foods has raised debt capital of $11,150,000 to refinance their current senior debt facility and access incremental growth capital.
Engagement Type:
Industry:
La Cocina Foods has raised debt capital of $11,150,000 to refinance their current senior debt facility and access incremental growth capital. MNP Corporate Finance Inc. acted as exclusive financial advisor in arranging and structuring the private placement.
Transaction Brief
La Cocina Foods ("La Cocina") is a Canadian, family-owned and operated tortilla chip manufacturer based out of Manitoba, with sales focused across Canada and the Mid-West of the United States.
La Cocina was interested in refinancing their current senior secured debt and to raise additional debt capital to fund future expansion and growth.
MNP Corporate Finance Inc. conducted a broad-based comprehensive competitive process which resulted in significant interest from multiple capital providers, exceeding La Cocina’s desired requirements. Overall, the process increased La Cocina’s available credit facility, while dramatically lowering their cost of capital.