Data Center
The Customer The customer is an International Data Center. This company uses its wide range of locations to help minimize ping for its customers around the world. This creates a challenge, as they continue to invest in more locations across the globe. The Challenge They were looking to maximize liquidity. They only had some domestic […]
Port Operator
The Customer Large Port Operator in the South East part of the US that loads and offloads containers onto cargo ships. The company engages in stevedoring and marine terminal operations on behalf of container shipping companies – these services include: lifting containers on and off customers’ vessels docked at the Port’s berths and short-term storage […]
Food Processing
The Customer Large food and beverage operation was seeking $42MM to expand with equipment and infrastructure in support of growing contracts with major retail outlets. The Challenge Acquiring equipment from 7 different vendors and managing project disbursements. Nearly $1B in Revenue, EBITDA positive, but DSCR below 1.0x Large customer concentrations Very fast turnaround with impending […]
Waste Hauler
The Customer Private Equity-backed Waste Hauler with over $500 Million in revenue The Challenge Multiple company acquisitions over the previous 12 months meant underwriting “muddy” financials. Reliance on one-time EBITDA add-backs to hit financial covenants. Recent increase in leverage and upcoming debt maturities Covenants are in place limiting their ability to take on additional debt. […]
Contract Manufacturer
The Customer Contract manufacturer – Canned beverage manufacturer/Co-packer The Challenge Newly formed company (less than three years in business) Very little historical revenue & historical losses Large CapEx requirement needed to fulfill new customer contracts ($17MM) Rapid growth with minimal liquidity & no working capital LOC Majority owner did not want to personal guarantee. 12 […]
Food Distribution – TPO
The Customer The company is a family-owned, food distribution business serving both local and regional customers to a wide variety of retail trade centers, restaurants, food processors, among others. As the company continues to grow, the customer was seeking $1.25MM in financing for the buildout of a cold storage freezer system for the purposes of […]
Aviation: An Amicable Separation
The Customer HNW individual that owns a full-service real estate investment and management firm with a portfolio in the multi-billions. The Challenge One owner wanted to buy the other owner out on a Gulfstream G550. First National was patient with the two owners as they negotiated the purchase price of the plane in a volatile […]
Aviation: Eyes On The Horizon
The Customer HNW individual that owned multiple skilled nursing facilities in the Northeast part of the US. The Challenge This individual wanted to buy a Gulfstream G550 but would not fly it himself. Instead, the plane would be used for charter and charity flights all around the world. The borrower did not have a company […]
Plastics Manufacturing
The Customer The company is a $125 million plastics processor (thermoforming, extrusion, rotomolding) and manufacturer of recreational equipment. The Challenge The customer historically used operating cash flow to rent trailers for temporary storage of their ever-increasing inventories. The need for additional inventory storage was most critical during their annual pre-selling season cash crunch and they […]
Semiconductor Manufacturer
The Customer The semiconductor company manufactures analog integrated circuits for more than 300 customers worldwide in growing markets such as consumer, automotive, medical, industrial, and aerospace & defense, among others. The Challenge The customer had an approval with a global bank and after one portion of the $8.5 million project was near completion, the bank closed […]
