Totally Green, a company specialising in organic food processing systems and compostable packaging alternatives, has partnered with US-based York Plains Investment Corp for a programme that involves both financing and a new marketing model for Totally Green.
York Plains has agreed to provide $5m of equity financing for a 50% interest in the company. The proceeds will be used to pay down the company's existing line of credit, and fund the general, administrative and working capital expenditures required to support the company's growth objectives.
York Plains has also agreed to provide up to $15m in equipment financing for the roll out of the company's new service programme.
Source: Totally Green
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