- Stellus Capital Management, LLC Provides Unitranche Financing in Support of DW Healthcare Partners’ Investment in Med Learning Group, LLC
- Fifth Third Business Capital Provides a New $15 Million Senior Credit Facility to Support the Refinancing of Puraglobe Syntainics, LLC
- Mattr Announces Closing of Its Credit Facility
- Danimer Scientific Announces Improved Liquidity Position with Closing of $130 Million Senior Secured Term Loan
- CNH Announces Signing of a €3.25 Billion Committed Revolving Credit Facility
Prestige Capital Announces $5 Million for a Leveraged Buyout
November 9, 2020
Source: Prestige Capital Finance, LLC
Prestige Capital Finance, LLC recently delivered a $5 million factoring facility to a Southeast-based company that focuses on the manufacturing and assembly of corrugated retail displays. The funds were used to acquire a smaller corrugated display company in a new market as well as ongoing working capital needs for both entities.
To complete the leveraged buyout of this point-of-purchase display company, Prestige used the acquired company’s accounts receivable as well as the purchaser’s accounts receivable. The acquiring company received funding within weeks of their completed application. “Prestige is thrilled that this former client had the trust and faith in us to facilitate this transaction,” said Stuart Rosenthal, President of Prestige Capital. “With the funds available, these unified companies now have the ability to serve additional markets throughout the country and grow their base.” Over the past few months, Prestige Capital has funded a record number of businesses. Companies continue to see accounts receivable financing as a viable option during the pandemic to take advantage of opportunities for growth. About Prestige Capital
For over 35 years, Prestige Capital has helped Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Visit www.prestigecapital.com or call 877-944-4455 to learn more.
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