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$5.425 Million Refinance Increases Availability, Decreases Debt Service

The London Manhattan Company is pleased to announce it just arranged a $5.425 million refinancing for a contract transportation company with headquarters in the Western US. The refinancing increased availability and decreased debt service for this growing company. The new structure refinanced company real estate, equipment and accounts receivable, and paid off multiple lenders.

The Situation:

This contract transportation company client had total annual revenues running just under $16 Million. The company has been very successful, and is currently seeking add-on acquisitions of targets with compatible lines of business. This new more efficient capital structure will facilitate those future acquisitions.

The Combined Financing:

LMC arranged refinancing of the following asset classes:

Revolving Line of Credit: $1.3 Million
Equipment: $3.75 Million
Real Estate: $375 Thousand

Many Other Special Programs Available

We have many niche lending programs available, including those suitable for companies with less than perfect credit.　 If you have had difficulty getting the financing you need, please give us a call.

For more information, or if you have an opportunity you would like to discuss, please contact Ron Giguere at 888.859.6025

 

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