 Speritas Capital Partners Arranges an $18 Million Closed ABL DealClosed - $18 million revolving credit facility for a Northeast-based manufacturing company. This facility refinanced a revolver provided by a local bank, allowing the company to meet growing customer demand. The quality of the customer base, proprietary product design and production efficiencies were critical factors in attracting a new lender. The company is a major local employer, with 130 employees supporting the local economy.
GREENWICH, Conn. - Dec. 6, 2024 - PRLog -- Speritas Capital Partners today announced the closing of an $18 million asset-based revolving line of credit for a manufacturer of proprietary storage products. Speritas Capital was brought in by the client to assess financing options to pay off their current lender and to support substantial growth. The new revolving facility helps position this family-owned business for future expansion.
Experienced advisor Speritas Capital Partners made this ABL deal happen by working closely with the company to craft a compelling story and financial package. "Our ability to provide financing options tailored to the company's specific financial condition and financing needs made a big difference," "The company was in the early stages of a turnaround when I contacted Speritas Capital," noted the CEO of the client. "Jeff moved quickly, identifying the right lending partner and he led the refinancing process from start to finish. Jeff has a strong understanding of the ABL market and how to work with lenders for a quick closing. We're very happy with the support provided and with the outcome." About Speritas Capital Partners Greenwich, CT based Speritas Capital works with small to lower middle market businesses and commercial real estate investors to provide financing solutions for difficult credit, collateral and cash flow situations. We have relationships with over 100 national lenders and private investors which give us the product breadth to assist clients in identifying funding options which go beyond what traditional lenders can typically provide. Speritas Capital arranges financing for a wide range of products: asset-based lines of credit, accounts receivable finance, purchase order finance, equipment finance, SBA and USDA guaranteed loans and bridge/construction and permanent commercial real estate loans. Scenarios include rapid growth, turnarounds and acquisitions. The company focuses on business and commercial real estate financing needs from $5 million to $75MM+. Please reach out if you or your clients need financing advice. www.speritascapital.com (203) 247-4358 End
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