Lucosky Brookman Client Innocap, Inc. Closes $12 Million Credit Facility with CoreFund Capital, LLC
Lucosky Brookman represented its client Innocap, Inc. in connection with a $12 Million secured credit facility with CoreFund Capital, LLC. The credit facility was structured by CoreFund Capital with Innocap, Inc.'s wholly owned subsidiary, Unique Logistics International (NYC) LLC, through an amended Secured Accounts Receivable Facility. The initial credit line was subsequently increased from $12 Million to $25 Million.
"The Company is now positioned to execute its growth plans with an enhanced credit facility of $25 Million," commented INNO's CEO, Sunandan Ray. "We believe this to be a gamechanger for our future acquisition strategy. We are fortunate to have dependable business partners such as Core."
INNO, through its wholly owned operating subsidiary, Unique Logistics Holdings, Inc., is a global logistics and freight forwarding company serving a large customer base in the United States that includes major well-known retailers and other companies that import goods to the United States, export goods from the United States to other countries, or require other supply chain services, including warehousing. INNO executes sections of the supply chain process for its customers and holds, through its subsidiary companies, operating licenses issued by US Customs, the Federal Maritime Commission and the Transportation Security Administration for this purpose. It has offices throughout the United States and employs over 90 staff.