Essex Capital Arranges $1.5 Million Line of Credit
Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $1,500,000 line of credit for DQC International Corp., d/b/a 13 Fishing (“13 Fishing” or the “Company”), a Tampa, Florida based manufacturer and distributor of high quality fishing equipment to retailers in the U.S. and Canada.
The new debt facility was funded by a private specialty finance firm, and it will allow the Company to fund working capital and execute its high growth expansion strategy.
Robert D. Swain, President of Essex, commented, “13 Fishing has developed a unique line of fishing equipment that utilizes leading-edge technologies. The end product is built from the highest quality materials and is being sold through big box retailers like Cabela’s and Gander Mountain. This new working capital facility will allow management the financing flexibility to continue to innovate in their industry, further bolster their brand and solidify their position with existing and new retailers across North America.”
Essex Capital acted as the Company’s exclusive advisor in this transaction.
About Essex Capital Group
Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $375 million for its corporate finance clients.
- Contact Information
- Robert Swain
- Essex Capital Group
- (1) 813-837-3500
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