Plastics Mfg

The Customer

Plastics manufacturer providing a suite of stackable storage bins.

The Challenge

  • Emerging from Chapter 11 three years prior to purchase by PE owner
  • Large CAPEX requirement to meet existing customers’ new demand and attain profitability
  • Rising resin costs further challenge margin profile
  • Requested to leverage proprietary molds to generate working capital (an asset with no market value outside of its intended use for the manufacturer)
  • Forbearance with senior lender, the bank was friendly through the refinance process

Done Deal.

  • 100% Advance $7mi in in-place in-use injection molding assets
  • Additional $10mi in availability for ongoing injection molding investments
  • 100% Advance on $7mi MOLDS on 2 year terms  
  • The finance transaction ensured minimal interruptions and distractions in the customer’s daily course of business
  • Customer continued utilizing FNC for 3 years and $45mi total funding until their eventual sale to global manufacturing conglomerate

Business Cycle Volatility

Wider credit appetite for companies in all phases of the business cycle.

Recent Posts


Sign up for our Newsletter