Brookfield helps recap credit facilities of Cardone Industries
Cardone Industries, a Philadelphia-based supplier of re-manufactured and new automotive parts, has recapitalized its credit facilities with Citizens Bank and Brookfield Principal Credit. Terms weren't disclosed. Cardone said the deal will help it expand capabilities, bolster its geographic footprint, and further strengthen its balance sheet. Brookfield Principal Credit is the private credit business of Canadian alternative assets manager Brookfield Asset Management.
23 October 2018•3 mins read
