FOR IMMEDIATE RELEASE: 4/1/2019
MEDIA CONTACT:
Patricia Ramirez
Vice President, Marketing
Sertant Capital, LLC
Direct: +1 949 336 3222
Email: p.ramirez@sertantcapital.com
Newport Beach, CA – Sertant Capital completes a $10.5MM transaction for a full-service flexible film and paper packaging manufacturer and converter specializing in sustainable packaging for the food, beverage, nutraceutical, construction, textile and health care industries.
The transaction consists of:
- $8MM, 60-month, equipment line of credit, 100% funding of equipment costs and all progress payments through 2019
- $800K, 60-month, sale leaseback for additional working capital capacity
- $1.7MM, term loan to pay down existing bank debt
Equipment includes printing presses, packaging material, and production machines.
Sertant Capital deployed its extensive institutional fund resources and equipment lease expertise to properly structure the transaction to recapitalize the client's balance sheet. This structure provided increased liquidity for the client and allowed it to focus on future expansion and growth.
About Sertant Capital, LLC: Sertant Capital is a full-service, independent equipment finance company based in Newport Beach, CA. Sertant provides a range of equipment financing services including structured finance and application only programs as well as fleet management solutions through its specialty transportation division. With deep transactional experience and an extensive market network, Sertant has the flexibility to structure deals for a diverse range of businesses, equipment, and industries. Learn more about us at www.sertantcapital.com.
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