Crown Partners Solves Urgent Special Situations ABL Need

 $75 Million Special Situations  ABL Solves Urgent Liquidity Constraint for Sponsor-Backed Borrower

Crown Partners’ latest Case Study discusses the successful arrangement of a $75 Million ABL revolver in less than 90 days. The client, a sponsor-backed home services provider, experienced a sudden liquidity constraint due to surge in underlying commodity costs, which was not properly supported by the incumbent lender’s structure. With this existential liquidity challenge just prior to high selling season, Crown Partners was engaged to urgently secure accretive go-forward debt financing.
 
Crown Partners was able to quickly filter the market of ABL lenders and run a turnkey process, which ultimately generated 5 competitive term sheets in short order. The ultimate solution provided an incremental $10 million in liquidity (using the same collateral pool) which allowed the borrower to survive through their high selling season.

About Crown Partners

Crown Partners is a boutique investment bank focused exclusively on middle market asset-based finance. The firm serves private equity sponsors, direct lenders, and public company boards of directors, who entrust Crown to solve complex working capital objectives.  The firm consistently delivers superior results for our clients across a wide range of industries, maximizing liquidity and financial flexibility. Crown Partners has offices in New York, Chicago, West Palm Beach, and Manila.

Mark Seigel
Managing Partner
(561) 405-4008
mseigel@crownlp.com

Evan Nadler
Managing Partner
(561) 279-5646
enadler@crownlp.com

Justin Anderson
Managing Director
(651) 470-6252
janderson@crownlp.com