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Bridge Finance Group Provides $39.15 Million Financing Package To Simply Goodies

CHICAGO, IL – MAY 31, 2007 - Bridge Finance Group today announced the completion of a $23.5 million revolving line of credit, a $15.0 million direct finance lease and a $650 thousand term loan to Simply Goodies, LLC (”Simply Goodies”). Simply Goodies is a newly formed entity through the merger of Blueberry Hill Foods, one of the nation’s largest manufacturers of private label candies located in El Paso, Texas with manufacturing in Juarez, Mexico and Warner Candy Co., a leading re-packager of candy and snacks located in Elk Grove, IL.

“Bridge Finance Group is an efficient and effective partner that will allow us to take advantage of significant synergies to take our business to the next level,” said Rick Anglin, Chief Executive Officer of Simply Goodies, LLC. “Bridge was very professional and flexible throughout the entire process from initial contact to loan closing.”
“Both Bridge Finance Group and Simply Goodies continued to provide solutions to transaction complexities, including cross-border lending and the merger of two significant companies,” said Randy Abrahams, President and CEO of Bridge Finance Group. “The transaction is a product of strong collaboration and teamwork that will allow Simply Goodies the working capital to successfully integrate the two businesses.”

ABOUT BRIDGE FINANCE GROUP

Bridge Finance Group offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the lending industry. Through accounts receivable, cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of its customers. Bridge is based in Chicago, Illinois.

 
   
     
  Bridge Finance Group was formed with a single goal in mind – to help businesses grow the right way. Because we accomplish our goal only when you accomplish yours, our focus is on addressing your needs in a way that provide you with peace of mind.

Of course, many companies claim to be customer centered. So what makes us different?

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Bridge Finance Group believes strongly in actively contributing to its community. Through Bridge Charities, we participate in activities that both raise funds and promote awareness for organizations.

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