BROOKINGS, S.D.--(BUSINESS WIRE)--Rainbow Play Systems, Inc. is pleased to announce we have signed a new credit facility agreement with NewStar Business Credit, LLC. NewStar specializes in providing a range of senior secured debt financing options to mid-sized companies to fund working capital, growth strategies, acquisitions and recapitalizations, as well as, equipment purchases. NewStar originates loans and leases directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments.
Rainbow is the residential playground equipment industry leader with over 500,000 play systems installed worldwide, over 200 Showrooms in America & 25 countries worldwide, over 100 swing set models and 100 swing set options. Rainbow is dedicated to U.S. manufacturing. Our 675,000 square foot plant and World Headquarters is proudly located on 40 acres in the heartland of America – beautiful Brookings, South Dakota. Rainbow is America’s Most Trusted Brand Name. We are celebrating 28 years and over 1 million children strong.
Rainbow and its former financial institution enjoyed a mutually beneficial 13-year relationship from 2000 to 2013. “Rainbow greatly appreciates the many, many years of support its former financial institution provided us through good times and bad times,” stated Greg Foster, Rainbow CEO and Owner.
“The future is bright at Rainbow and we are excited to build a strong partnership with NewStar for our 2014 season and many years into the future. On behalf of the entire Rainbow Team, I would like to sincerely thank our former financial institution, the Rainbow Distribution Network, and Rainbow Vendors for all of your support,” stated Foster.
Visit us at: www.rainbowplay.com