Recent Transactions

The Ohio Department of Development and Ohio Treasurer of State worked to secure a taxable governmental bond through the Ohio Enterprise Bond Fund loan program in the amount of $15 million in support of White Castle Distributing, LLC’s project in Vandalia, Ohio.  The borrower will invest a total of $29,940,000 for the expansion of the existing Vandalia facility by adding a 75,000 – 100,000 sq. ft. building to house machinery and equipment for two new production lines for frozen food. The cost of the building is expected to be $19,171,220 and the cost of the new machinery and equipment is expected to be $10,866,256. The project will create 30 new full-time jobs with a payroll of $900,000, and retain 162 jobs with a payroll of $6,200,000 at the Vandalia location by December 31, 2023.