The Customer
- Manufacturing Company
Challenge
- Debt service coverage ratio (DSCR) was tight at roughly 1:1, with declining financial performance.
- The company was experiencing reduced order volumes from its largest customer.
- The specialized equipment required financing that aligned with uncertain revenue projections.
Done Deal
- FNC structured progress payments to the vendor, allowing the company to match cash outflows with inflows.
- FNC worked alongside the company’s senior lender to support continued operations.
- Believing in the management team’s ability to execute, FNC provided flexible structuring to improve cash flow.
