O2 Sponsor Finance Provides $30 Million Credit Facility for Gilman Cheese Recapitalization

The credit facility will support strategic initiatives and growth for the Wisconsin-based cheese manufacturer.

Mar. 31, 2026 at 3:05pm

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A high-contrast, cinematic close-up image of industrial cheese processing machinery, such as vats, conveyor belts, and packaging equipment, conveying the scale, precision, and mechanical power involved in modern cheese production.Gilman Cheese's industrial operations receive a major financial boost, positioning the company for strategic growth and innovation in the processed cheese market.Gilman Today

O2 Sponsor Finance has provided a $30 million credit facility to support Borgman Capital's recapitalization of Gilman Cheese Corporation, a Wisconsin-based cheese manufacturer specializing in premium processed cheese products. The funding is expected to bolster Gilman Cheese's operational capabilities and long-term business objectives as part of Borgman Capital's broader strategy.

Why it matters

This investment in Gilman Cheese represents a significant financial backing for the company, enabling it to implement strategic initiatives and growth plans following the recapitalization. As a prominent player in the processed cheese sector, Gilman Cheese's ability to innovate and expand its operations could have implications for the broader cheese industry.

The details

The credit facility from O2 Sponsor Finance will facilitate the restructuring and growth of Gilman Cheese Corporation, which specializes in producing premium processed cheese products for retail and foodservice markets. The funding is expected to support Gilman Cheese's operational capabilities and long-term business objectives as part of Borgman Capital's broader strategy for the company.

  • The credit facility was provided on March 31, 2026.

The players

O2 Sponsor Finance

A financial institution that provides credit facilities to support the recapitalization and growth of companies.

Borgman Capital

An investment firm that has acquired Gilman Cheese Corporation and is implementing a recapitalization strategy.

Gilman Cheese Corporation

A Wisconsin-based cheese manufacturer that specializes in producing premium processed cheese products for retail and foodservice markets.

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What’s next

The recapitalization and implementation of strategic initiatives by Borgman Capital are expected to continue over the next 12-18 months as Gilman Cheese Corporation works to expand its operational capabilities and market presence.

The takeaway

This investment in Gilman Cheese Corporation by O2 Sponsor Finance and Borgman Capital highlights the ongoing consolidation and strategic positioning within the processed cheese industry, as companies seek to leverage financial backing and operational expertise to drive growth and innovation.