Webster Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $14,500,000 to PureTek Corporation. The facilities will be used to retire existing debt, fund general working capital needs, and future growth.
PureTek is a family-owned business founded in 1991 and headquartered in Panorama City, CA. The Company is an FDA drug licensed manufacturer providing full turnkey, value-add services to brand partners, leading retail store brand programs, and major drug distributors for a broad range of product categories, channels and end markets. PureTek serves a broad market encompassing prescription, OTC drug, supplements, and personal care item industries.
Senior Secured Credit Facility
$14,500,000
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