Recapitalizing one of the largest dairies in the United States.
Tiverton, given its 30 year relationships with the borrower, was able to transact a $200 million recapitalization of one of the largest dairies in the United States.
Following the loan origination, Tiverton worked with the borrower to rebuild his heifer program, opportunistically sell a $75+ million dairy complex, acquire incremental farmland and streamline operations and cash flows.
Tiverton continues to work with the borrower’s management team on growth opportunities in the dairy space around the country.