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FocalPoint Closes Third in a Series of Financings for CarbonLITE

Century City, CA – CarbonLITE Industries, LLC, the foremost closed-loop recycler of plastic water bottles in the United States, and CarbonLITE Pinnpack, LLC, a food-grade thermoformed plastic packaging manufacturer (collectively, “CarbonLITE” or the “Company”), has obtained approximately $51,000,000 in senior secured debt from CVC Credit Partners, Comvest Credit Partners, and Texas Capital Bank, N.A., to refinance existing debt and support future growth. FocalPoint Securities, LLC (“FocalPoint”) served as the financial advisor to CarbonLITE.