Lakewood Organic received senior debt financing from Fifth Third Bank
- Background: Lakewood Organics (“Lakewood”), based in Miami, FL, is an independent family juice company bottling a diverse line of pure organic and premium fruit juice products. Founded in 1935, Lakewood takes great pride in being a responsible steward of the Lakewood brand and holds true to its mission to provide the best quality juices to its customers.
- Cassel Salpeter:
- Served as financial advisor to the Company
- Advised Lakewood in evaluating its financing options and provided assistance throughout the due diligence and closing process
- Ran a targeted debt raise process, contacting 18 lenders
- Challenges:
- Assets held by different entities including the operating business, intellectual property, and real estate
- Expedited timeline to close
- Outcome: In May 2018, Lakewood Organics received senior debt financing from Fifth Third Bank to help support the Company in its pursuit of numerous growth initiatives.
