CONTACT:
Michael Smith
Mazuma Capital Corp
Tel: 801-816-0800
Fax: 801-816-0810
info@mazumacapital.com
http://www.mazumacapital.com/
Mazuma Capital Funds $7 Million for Global Precious Metals Miner
Draper, Utah, December 14th—Mazuma Capital, a leading national direct lender, announced today it has funded $7 million for a global precious metals producer. Lease proceeds have been used for both above- and below-ground equipment.
The transaction contained characteristics representing multiple stumbling blocks for most lessors including: a US subsidiary of a foreign parent who would not act as guarantor; a partial sale-leaseback:
Companies seeking financing in these circumstances must find lessors who can structure transactions yielding the desired liquidity and timeliness while mitigating the risk of loss. Progressive companies have come to trust in Mazuma Capital for this critical craft.
“We structured their transaction favorably and secured a competitive rate, but the factors that led to commencement of the transaction were personal. After meeting us and understanding the challenges, it confirmed their belief we were working within the constraints of the transaction and the economy to secure the most attractive deal possible," said Matt Burrows executive vice president of sales for Mazuma Capital.
About Mazuma: Mazuma Capital is committed to our client’s success. Our unique capabilities and innovative product offerings provide solutions accelerating financial growth. Servicing both rising companies and established businesses, Mazuma continues to secure its position as the middle-market industry leader. We build long-term relationships by delivering on our commitments. Mazuma co-authored the Utah Best Practices Alliance and subscribes to the ELFA Code of Ethics.
For additional information on Mazuma Capital Corp., contact Michael Smith or visit http://www.mazumacapital.com/
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