Speritas Capital Partners advises on $27 million revolving credit facility for a Northeast-based manufacturing company

eTradeWire News/10534178
Jeffrey Bardos, CEO, Speritas Capital Speritas Capital Partners LLC
GREENWICH, Conn. - eTradeWire -- Speritas Capital Partners today announced the closing of a $27 million asset-based revolving line of credit for a major plastics manufacturer. Speritas Capital was brought in by the client to assess financing options to pay off their current lender and to support substantial growth. The new revolving facility helps position this family-owned business for future expansion.

"Our ability to provide financing options beyond the company's local and regional lenders made a big difference," says Speritas Capital's CEO, Jeffrey Bardos. "We worked closely with senior management to understand the company's situation, its products and its operating issues. This kind of partnership allowed us to advise the company on the most competitive financing options. We worked with the client and the lender throughout the process to develop a comprehensive financing package that included accounts receivables, inventory, equipment and even a stretch piece. Jeff added, "I was personally gratified to assist a family-owned business with 100 employees and deep connections to the local community."

"We brought Speritas Capital into a stressful situation," noted the CEO of the client. "Jeff was able to get up to speed quickly, identify the right lending partner and help us package our information to put our story in the best light. We are in the early stages of a turnaround so explaining our restructuring was critical to a successful refinancing. Jeff's understanding of the ABL market was extremely helpful. We're very happy with the service provided and with the outcome."

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About Speritas Capital Partners
Greenwich, CT based Speritas Capital works with small to lower middle market businesses and commercial real estate investors to provide financing solutions for difficult credit, collateral and cash flow situations. We have relationships with over 80 national lenders and private investors that give us the product breadth to assist clients in identifying funding options that go beyond what a traditional lender can typically provide.

We can arrange financing for a wide range of products: asset-based lines of credit, accounts receivable finance, purchase order finance, equipment finance, SBA and USDA guaranteed loans, Fannie Mae/Freddie Mac loans, FHA/CMBS loans, and bridge/construction and permanent commercial real estate loans. www.speritascapital.com

Contact
Cathleen Blood
Director of Marketing
***@speritascapital.com


Source: Speritas Capital Partners LLC
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