Baker Tilly Capital successfully provided corporate financial advisory services to Foremost Farms USA, one of the largest dairy cooperatives in the United States.
Accounting for over 4.9 billion pounds of milk per year, Foremost Farms USA uses the milk of member-owners to manufacture cheese, dairy ingredients, butter, and fluid product for various markets and applications.
Baker Tilly provided complete corporate debt structuring services, including credit support for recovery bonds and the leveraging of $45 million in New Market Tax Credits.
"Baker Tilly Capital introduced other lending institutions over and above our incumbent bank providing us with the ability to capitalize on attractive market pricing and structure. In addition, Baker Tilly's use of creative New Markets Tax Credit structuring enhanced Foremost's capital structure to the benefit of our cooperative members."