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California antibiotic-free farm secures $14 million loan

The financing will allow Hyde Road Agricultural Associates LLC’s California operations, that produces white sturgeon, black bass, silver carp and striped bass, to meet its accelerated growth plan during this transformational period.

California antibiotic-free farm secures $14 million loan

April 9, 2020

CapitalView Investment Partners, L.P. partnered with Hunter Street Partners to provide a $14 million senior term loan to Hyde Road Agricultural Associates LLC’s California operations, a commercial aquaculture farm focused on the growth and production of fish. Based in Dixon, CA, the company is a fully operational commercial fish farm with an existing customer base and a large inventory of antibiotic-free white sturgeon, black bass, silver carp and striped bass.

Eugene Fernandez, co-owner and president of Hyde Road Agricultural Associates said that “CapitalView and Hunter Street provided a customized structured financing that will allow our company to meet its accelerated growth plan during this transformational period. We considered many financing options and CapitalView and Hunter Street’s flexibility differentiated them from other market participants and was a great solution for our business.”

“We are excited to partner with Fernandez and Hyde Road Agricultural Associates as they embark on the next phase of growth for the company’s California operations,” said Andrew Flesch, managing director of CapitalView. “With the growing demand for high-quality, domestically produced caviar and seafood products, the company is addressing an attractive market segment with significant growth potential.”

CapitalView and Hunter Street’s financing to Hyde Road Agricultural Associates provided capital to refinance existing debt, fund ongoing working capital, and make capital improvements, including upgrading its processing capabilities to meet the growing demand of its customer base.

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