Tando inc.
Tando inc. has secured financing of an undisclosed amount to support its growth
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Tando inc. has secured financing of an undisclosed amount to support its growth. 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 faced significant interests rate increases and restrictive covenants, which have constrained both earnings and cashflow.
This transaction allowed Tando inc. to refinance under more favourable conditions resulting in substantial interest savings in the years ahead.