Canada, Toronto-based food tech company Borealis Foods Inc. has successfully secured a USD$25 million secured credit facility from FrontWell Capital Partners. The facility, comprising a revolver and a term loan, will enable the company to refinance existing debt and provide essential working capital liquidity, supporting its growth and expansion plans. Borealis Foods, under the leadership of CEO Reza Soltanzadeh, is recognized for its innovation in creating a range of organic, vegan, and dietary-specific ramen meals with a focus on sustainability and recyclable packaging. The company's flagship brand, Chef Woo, offers high-protein vegan ramen noodles, gaining popularity across millions of retail locations in the US and Canada, including major outlets like Walmart USA, Costco, Aldi, and Amazon. In a recent development, renowned chef Gordon Ramsay has joined Borealis Foods as a shareholder and will serve as an advisor and brand ambassador, further enhancing the company's profile and influence in the food industry. Borealis Foods is on track to complete its transaction with Oxus Acquisition Corp and aims to list on Nasdaq in late 2023, propelling its position in the food tech sector.