Tando inc.
Tando inc. has secured financing to support its growth in an undisclosed amount
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Tando inc. has secured financing to support its growth in an undisclosed amount. MNP Corporate Finance Inc. acted as exclusive financial advisors in arranging this financing.
Transaction Brief
Founded in 2011 in St-Hyacinthe, Quebec, Tando inc. is a family-run food import and distribution company. It distinguishes itself by offering a variety of products at attractive prices in supermarkets across Quebec.
In recent years, Tando inc. has had suprisingly high increase in interests rate and restrictive covenants, therefore plummeting their cashflow and their earnings.
This transaction gave the opportunity to Tando inc. to refinance at greater conditions, thus saving significant amount in interests for the following years.