Webster Bank Provides $10,000,000 Secured Credit Facility to Round 2 Holdings

Round 2 Holdings is a collectibles, hobby and toy company specializing in the design, manufacturing and distribution of die-cast and slot car toys & models. Founded in 2005 and headquartered in South Bend, IN, the company engineers and produces a variety of kits including classic cars, modern cars, tractor trucks & trailers and spaceships.

Webster Bank’s Asset Based Lending Group provided a senior secured ABL Revolving Line of Credit totaling $10,000,000 to Round 2 Holdings, LLC, owned by Praesidian Capital who was advised by Consensus Advisors to call on Webster. The facility was used to refinance existing debt as well as provide working capital for future growth.

This transaction was led by Angie DeGore, a Webster Bank Senior Managing Director located in New York, NY, working closely with the bank’s underwriting and credit teams.