Dwight Funding gets $100 million revolver via IDB Bank

By William Gullotti

Buffalo, N.Y., Nov. 3 – Dwight Funding, LLC closed on a $100 million asset-based revolving credit facility with IDB Bank, according to a press release on Thursday.

Details such as facility interest rate and tenor were not disclosed in the press release.

IDB is the administrative agent and sole lead arranger for the revolver.

Facility proceeds will be used to support continued portfolio growth and for investing in proprietary technology.

Dwight is a New York-based lender focused on early and growth stage businesses in eCommerce, food and beverage, consumer packaged goods and software as a service.

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