Sterling National Bank* Syndicates $80,000,000 in Senior Secured Credit Facilities

Sterling National Bank’s Asset Based Lending Group collaborated with Sterling’s Syndications Group to structure an $80,000,000 syndicated ABL line of credit among three lenders to an electronics distributor.

The credit facilities will be used to support the company’s revenue growth and higher working capital needs.

This client relationship is managed by Neal Landerer, a Director located in Sterling’s New York office.

*now known as Webster Bank as successor by merger.