The Customer
A technological disruptor in the mold & tool manufacturing space
The Challenge
- The company has made several acquisitions in its first few years of existence.
- Balance Sheet Leverage continues to climb with new acquisition debt, requiring a waiver and reset of covenants
- Due to high growth rate, facility consolidation was required
- Incumbent lender was unable to grow with this Lessee, let alone service its substantial CapEx budget
- Lessee has a complicated Entity Org Chart with various cross-border challenges for other lenders
Done Deal.
- FNC structured Operating Leases in order to help mitigate leverage concerns
- Replenished Lessee’s Balance Sheet with sale-leaseback financing on assets recently acquired
- Approved the company for an additional $10MM in new equipment leasing for its new CapEx budget
- Able to approve and fund this Lessee across the NAFTA region
Business Cycle Volatility
Wider credit appetite for companies in all phases of the business cycle.
