Secure Creative Financing

Assist management in obtaining and structuring senior and subordinated credit facilities: lines of credit, term loans, machinery and equipment financing, mortgage financing, and letter of credit facilities.

Analyze a company's capitalization to determine the appropriate amount and type financing.

Analyze the terms and conditions of a company's existing debt facilities to identify opportunities for loan modifications and improved cash flow.

Samples of Successfully Completed Assignments

Ethnic Foods Manufacturer/Distributor

Secured a new $10 million Revolving Credit and Letter of Credit Facility based on a LIBOR pricing benchmark instead of the Prime Rate.  The Company’s borrowing costs fell by 25% together with improved terms and conditions.

Digital Imaging Company

Secured $6 million in new financing which include mortgage financing, a machinery/equipment term loan, and a working capital facility.  The Company lowered its borrowing costs and was able to discount some if its existing debt.

Specialty Frozen Food Manufacturer

Raised $10.4 million in new financing: working capital line of credit, term loan, mortgage financing, and lease financing.  The financing was used to acquire the 50% equity interest of one shareholder and to fund a significant expansion and reengineering of its freezing capacity which lowered energy costs while expanding production capacity.

Wholesale Bakery

Assisted management in recapitalizing this large regional wholesale bakery. New mortgage financing was secured on the 12 acre, 65,000 square feet facility, the proceeds from which were used to: payoff higher interest rate and higher amortization equipment leases, payoff the more expensive prior mortgage, repay shareholder loans, and the balance of the proceeds used for working capital to finance an expansion of the business.

Window Manufacturer

Advised management in securing $13 million in mortgage financing and $2 million in machinery/equipment lease financing resulting in lower borrowing costs and improved cash flow.  Negotiated financing terms and conditions.

Cooperative Housing Corp.

For this distressed cooperative, negotiated a discounted payoff on the first mortgage held by the Federal Home Loan Mortgage Corp., advised the Cooperative Board on a new $3 million mortgage financing, and negotiated debt forgiveness and restructured the terms on the second mortgage.

Electronics Manufacturer

Advised management on the acquisition of the Assets and Business of this electronics manufacturer, under Section 363 of the U.S. Federal Bankruptcy Code. Assisted in negotiating the acquisition terms and conditions with the operating trustee, in raising the acquisition financing (senior, mezzanine, and equity financing), and testifying in bankruptcy court as part of efforts to get court approval for the transaction.

Food Distributor

For this distressed company, negotiated a forbearance agreement with its existing lender and then was able to secure a new $2.5 million working capital facility that included release provisions for the side collateral that was included in the original financing.

Recycled Tile Manufacturer

Advised management of this start-up recycled tile manufacturer in obtaining $2.5 million in machinery and equipment financing from the New York City Department of Economic Development. Several economic development performance parameters were negotiated with the New York City Mayor’s Office and the City Council as part of securing this start-up debt financing.  Also assisted management in negotiating the terms and conditions in raising additional equity from the original shareholders.