Aurora Organic Dairy Refinances Bank Facility

Headwaters MB, now Capstone Partners, advised Aurora Organic Dairy on a refinancing of its bank facility with BMO Capital Markets, Fifth Third Bank, SunTrust Bank and Farm Credit of the Mountain Plains. The transaction totaled $70 million consisting of a $50 million term loan and $20 million revolving line of credit.

The team guided us through this financing and helped us secure an attractive, all-cash flow based loan that was supported by our performance, but extraordinary in our industry.

Marcus B. PeperzakChief Executive Officer, Aurora

“It was great to have [Capstone] by our side throughout this transaction. They helped us to position the company correctly, gave us thoughtful input on many key decisions along the way and went deep on many issues regarding terms and covenants,” said Cammie Muller, Chief Financial Officer of Aurora.

“Aurora is truly a consumer products company that happens to operate in the dairy industry. It was important to match the company’s finance structure to that reality. The folks at BMO Capital Markets stepped up with a proposal that met this need. They did a solid job as the lead on this transaction,” said Phil Seefried, former Headwaters CEO and current President of Capstone Partners.