The Customer
Manufacturer of ice cream & novelty products.
The Challenge
- The company struggled with several challenging years during and after the COVID pandemic
- A critical raw material for their business saw prices skyrocket, negatively affecting their margins
- The company had invested substantially into CapEx in the years preceding the pandemic
- Lessee needed additional liquidity to support the business during its turnaround in 2023
- Other lenders had declined their transaction
Done Deal.
- FNC appraised the subject assets for the transaction
- Replenished the Lessee’s Balance Sheet with $2MM of cash through a sale-leaseback financing
- FNC recognized the Lessee’s turnaround story with normalizing raw material prices and price increases
- Lessee is back on track to running a profitable business
Business Cycle Volatility
Wider credit appetite for companies in all phases of the business cycle.
