InterNex Capital Announces $10 Million Facility to Growing Fabrication and Electrical Services Provider

A leading, full-service firm, focused on fabrication and electrical services for the energy infrastructure and power generation industrial sectors, needed a flexible revolving line of credit to finance their large-scale projects, particularly within the midstream oil & gas and power generation segments.

InterNex Capital provided a comprehensive $10 million revolving line of credit, with a $15 million accordion, to support the client’s growth. This solution delivers the robust working capital necessary to support the client's aggressive project schedules and to accommodate the substantial financial requirements of their specialized, high value contracts. The client will be utilizing InterNex's cutting-edge Velocity™ cloud platform for user-friendly and real-time management of their line of credit and accounts receivable.