National Christmas Products lands $40M asset-based credit line from Legacy
What's the deal? National Christmas ProductsDealroom has a profile for this one. Try Dealroom → (NCP), a North American wholesaler and e-commerce distributor of artificial Christmas trees, wreaths, garlands, and seasonal décor, has secured a $40 million asset-based credit facility from Legacy Corporate LendingDealroom has a profile for this one. Try Dealroom →. The transaction closed in July 2026.
What's the endgame? The revolving facility gives NCP liquidity against its accounts receivable and inventory. NCP said it plans to use the capital to manage seasonal cash flows and grow the business.
Why now? NCP's sales swing sharply with the holiday cycle, so its receivables and inventory fluctuate month to month. It sought a lender that understood that seasonality and could structure liquidity around it.
Founded over 75 years ago, NCP sells artificial trees in all sizes, including pre-lit models. It also makes ScentsiclesDealroom has a profile for this one. Try Dealroom →, a line of natural-scent ornaments for seasonal use and diffusers for year-round use.
Between the lines: "Managing working capital is a critical aspect for any seasonal business, so finding the right lending partner was a priority," said Chris Butler, chief executive officer of NCP. Anthony DiChiara, managing director at Legacy, said the lender looked "at the needs of the Company in a creative way to address the unique seasonal aspects of the business."
The signal: Asset-based lending remains a go-to tool for middle-market companies with lumpy cash flows, letting them borrow against tangible assets rather than steady earnings. For a business that books most of its revenue in a few months, that structure can be the difference between meeting demand and missing the season.
Read more: sfnet.com
