The Customer
- Aerospace Manufacturer
Challenge
- A company had an end-of-term lease maturity approaching.
- Liquidity was tight, making it difficult to cover the payoff amount.
- The equipment coming off lease was used, requiring appraisal to determine its value for financing.
Done Deal
- FNC appraised the equipment and structured financing that covered the maturity amount due and provided additional liquidity.
- The deal netted the company an additional 41% in cash flow beyond the payoff amount.
- FNC replenished the balance sheet while securing favorable terms for the refinancing of CNC machines.
