Armory Securities, LLC is pleased to announce that PURIS Proteins has successfully raised over $100 million of debt capital. The proceeds were used to refinance existing indebtedness and provide additional liquidity to support the Company’s continued growth initiatives. Armory Securities served as the exclusive financial advisor and placement agent to PURIS for the transaction.
Headquartered in Minneapolis, MN, PURIS is a leading provider of locally sourced, sustainable, plant-based food ingredients and the largest North American producer of U.S.-grown pea protein. Through an integrated supply chain and partnerships with local farmers, the Company serves a diversified customer base that includes global food manufacturers, top consumer packaged goods companies, and emerging better-for-you brands. PURIS is committed to delivering trusted and high-quality ingredients that sustainably support the future of food.
The transaction included an upsized $40 million ABL revolving credit facility and $2 million FILO loan. The refinancing significantly enhances the Company’s financial flexibility, positioning PURIS to accelerate its strategic initiatives and meet growing market demand.
For information on this transaction or about Armory Securities, please contact one of the following deal team members:
Dave Clark
Managing Director
dclark@armorysecurities.com
617.990.4682
Melissa Chu
Vice President
mchu@armorysecurities.com
978.942.7428
Armory Securities, a division of Armory Group, LLC, is a leading investment bank dedicated to helping middle market companies and their constituents. Armory Group, through its subsidiaries, provides investment banking services, asset management services and advisory services, including enterprise transformation and interim management, to middle market companies and their stakeholders. Learn more about Armory Group, and its subsidiaries, at www.armorygroupllc.com.
Armory Securities, LLC, member FINRA, Member SIPC