Xediton Pharmaceuticals Inc. is an Ontario based importer and wholesaler of generic pharmaceuticals.
To secure their exclusive distribution rights from multinational drug manufacturers, Xediton is required to carry large inventories.
Due to the restrictive covenant limitations of Xediton’s traditional bank operating credit facility, margin caps on their inventory were restricting working capital liquidity and hampering growth.
Omega solved the client’s needs by replacing their bank with a competitively priced asset-based lender with margin limits more reflective of their high-value inventory.
Learn more about Xediton at xediton.com