SOURCE: Bibby Financial Services

Bibby Financial Services

September 01, 2015 08:40 ET

Bibby Financial Services Funds Fragrance Distributor With $11M Asset-Based Lending Facility

Fragrance Acquisitions Provided Funding to Build Inventory and Spur Growth

ATLANTA, GA--(Marketwired - Sep 1, 2015) - Bibby Financial Services announces an $11 million Revolving Line of Credit to Fragrance Acquisitions LLC, DBA Preferred Fragrance, a leading distributor of designer-inspired perfumes. This transaction is yet another asset-based lending facility provided by Bibby Financial Services, demonstrating their commitment to the middle market.

Preferred Fragrance is a leading developer and marketer of affordable fragrances. The New York-based company's products are sold at over 50,000 retail stores in the U.S. throughout the apparel, mass, value-priced and pharmacy sectors. Preferred Fragrance will use the funding to build inventory for seasonal orders. The company creates fragrances inspired by leading designers and celebrities and produces a number of collections.

"When companies have seasonal ebbs and flows due to retail demand, obtaining cash flow to continue producing can prove difficult," says Leigh Lones, Bibby Financial Services Americas CEO. "Asset-based lending is a practical way for a company to leverage its assets to get the working capital needed to keep its business moving forward. Bibby recognized value and is pleased to support Preferred's ownership and management team."

About Bibby Financial Services
Bibby Financial Services, a worldwide market leader in business cash flow solutions, supports businesses of all sizes with flexible, customized financing solutions. With its asset-based lending and factoring products, the company provides clients access to the working capital needed to grow and support their businesses. Bibby Financial Services is proud to have helped more than 8,900 clients grow their businesses by providing nearly $1 billion in funding across the globe. It operates offices in seven North American cities and 16 countries. Bibby Financial Services is a subsidiary of The Bibby Line Group, a privately held company established in the United Kingdom in 1807. For more information, please visit www.bibbyusa.com or www.bibbycanada.ca.

Contact Information

  • Media Contact
    Savannah Weeks
    Trevelino/Keller
    (404) 214-0722 X 110
    Email Contact