Organto Foods Expands Financing with Rabobank to Support Growth

Organto Foods Inc. has announced the expansion of its financing facilities with Rabobank. This move aims to support Organto’s growth in the organic and fairtrade foods sector. The new financing arrangement increases the existing €4 million flexible funding facility to €7 million, which can potentially expand further depending on the company's growth. The facility is backed by qualified accounts receivable and includes a €630,000 collateral deposit.

Organto CEO, Steve Bromley, highlighted the company’s growth in healthy eating markets, noting an annual sales run rate of approximately CDN $100 million. The expansion of the Rabobank facilities is expected to provide operational financing to sustain this growth trajectory. The agreement includes interest at the one-month EURIBOR rate and automatic annual renewals unless terminated with three months’ notice.