Veritas Financial Partners announces the closing of a $3 million credit facility for Hammond Electronics, Inc. to refinance their existing senior debt and provide additional working capital for their business.
Located in Orlando, Florida, Hammond is a broad line distributor of electronic components and is the leading supplier of interconnect products in the Southeastern United States.
Gregg Simpson, Senior Vice President of Veritas Financial Partners, said, "I would like to express my appreciation to Mr. John Hammond and Mr. David Klein for their consummate professionalism throughout this transaction. Veritas looks forward to a long and successful relationship with Hammond Electronics."
About Veritas Financial Partners
Veritas Financial Partners is a specialty finance firm that provides $2 – $15 million senior secured credit solutions to businesses across various industries. Veritas serves entrepreneurs and private equity sponsors by delivering the flexible, responsive capital needed to achieve their goals. As an affiliate of an investment fund with $2 billion in assets under management, Veritas benefits from a substantial long term capital base.