Rosenthal Provides $30MM Inventory Purchase Commitment for Solar Panel Distributor

Rosenthal & Rosenthal completed a $30 million inventory purchase commitment to support the production financing requirements of a California-based importer and distributor of solar panels.

The company had been experiencing moderate sales growth from its existing customer base. Due to the increasing demand for solar energy solutions, the company began to expand its customer base in the U.S. Production cycle timing, a challenging shipping schedule and ongoing freight and logistics issues impacting importers from Asia prompted the company to explore additional financing options as an alternative to raising equity with its existing third-party factoring company. The third-party factor introduced the client to Rosenthal & Rosenthal to assist the client in structuring a purchase order financing solution.