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CASH REIMBURSEMENT FOR LIQUIDITY
Client Situation:
A Private Equity backed leading U.S.-based provider of specialty materials for use in critical life sciences and specialties markets required additional liquidity for growth, and to guard against a potential springing covenant in their senior credit agreement.
Engagement Objectives:
- Client requested that Optimus advise on financing transaction that would reimburse up to ~$10M in lease capacity from previously unencumbered essential use assets.
Engagement Objectives:
- Existing equipment for the sale-leaseback, located in various facilities, made it challenging to pool together the right asset.
- Based on Client’s deteriorated financial condition, very few lease providers were capable of meeting the challenge with safe and sane terms and conditions.
- Optimus identified the one lease provider able to step up and successfully meet the challenge!
Client Results
- Optimus delivered $8.8M of liquidity via cash reimbursement for owned assets…on time and on plan!
For more information please contact:
Todd Wyles
(443) 629-8871
twyles@optimusgroup.com