Expanded ABL Facility Supports Company’s Continued Growth
Kilo Fund Management, a specialty provider of commodity inventory finance to North American middle-market companies, announced the extension of its $50 million asset-backed senior secured revolving credit facility (the “ABL”). The renewed commitment enhances Kilo’s ability to deliver tailored commodity finance solutions to industrial and wholesale users of metals, food and agricultural commodities, and energy inventories.
In 2019, Kilo launched a dedicated platform to provide innovative metal financing solutions to U.S. businesses. Backed by Cordillera Investment Partners, a firm specializing in niche, non-correlated assets, Kilo has become a key resource for companies seeking customized financing solutions.
East West Bank, a leader in structured finance, led the transaction and extended the maturity date to December 13, 2028, reaffirming its commitment to Kilo.
“Kilo Capital is a dynamic and well-managed finance company that delivers specialized capital solutions to underserved medium-sized businesses,” said Joe Weingarten, Managing Director of East West Bank’s Structured Finance Group. “It has been a pleasure working with the exceptional team at Kilo over the past few years. We’re excited to continue supporting their growth and deepening our partnership in the years to come.”
Wade Brennan, Chief Executive Officer, commented, “The extension of our ABL facility marks an important milestone in our mission to continue serving the North American middle market. We are grateful for the ongoing support of our valued long-term partner, East West Bank, and look forward to growing the ABL as we add additional lenders. We believe this extension reflects growing confidence in our strategy and builds on the success of our five-year track record.”
About East West Bancorp
East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: “EWBC”) with total assets of $76 billion as of December 31, 2024. The company’s wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California, and operates over 110 locations in the United States and Asia. The Bank’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington. For more information on East West Bank, visit www.eastwestbank.com.
About Cordillera Investment Partners
Cordillera Investment Partners is an investment management firm focused on investing in niche, non-correlated assets. Its investments are generally in sectors that are misunderstood, undercapitalized, and uncorrelated with traditional assets. Cordillera manages over $1.7 billion of capital on behalf of endowments, foundations, family offices, wealth advisors, and other institutional investors. For more information on Cordillera, please visit www.cordillera-ip.com.
About Kilo Fund Management
An NFA-registered Commodity Pool Operator, Kilo Fund Management is a customer-centric finance firm providing tailored solutions to middle-market clients. Its product offerings unlock capital tied up in commodity inventories through custom financing, supply chain, and pricing solutions that meet each customer’s unique needs. The company is headquartered in Charlotte, North Carolina, and serves customers across the U.S. and Canada. Kilo Hedged Commodity Credit Fund is closed to new investors; this press release is not intended as a solicitation. For more information about the company and its product offerings, please visit www.kilocapital.com.
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