$8 Million Combination A/R, Inventory, Equipment and CAPEX Facility For Manufacturer With No Coverage

The London Manhattan Company is pleased to announce it recently arranged a combination of revolving and term debt (including a CAPEX line of credit) for a manufacturer with headquarters in the Western US secured by a lien on all of the borrower’s assets. The borrower could not provide debt service coverage due to operating difficulties, and was required to put a stipulated amount of equity or subdebt into the company at the closing by the new senior lender.
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