Webster Bank’s Asset Based Lending Group rolled up its existing line of credit into a new debtor-in-possession facility totaling $20,000,000 to Pegasus Home Fashions. The facility will allow The Company to effectuate the sale of their business via a 363 sale in bankruptcy.
Pegasus Home Fashions is a world class manufacturer and wholesaler who offers an assortment of bedding and home products including foam and fiber-filled bed pillows, comforters, throws, mattress pads, and protective material for these items.
This transaction was organized by Robert Miller, a Webster Bank Portfolio Management Director located in New York, NY.
DIP Financing
$20,000,000
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