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The Secured Lender
SFNet's The 81st Annual Convention Issue
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SFNet's 40 Under 40 Award Winners Panel Recap
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Potential Impacts of Blockchain on Commercial Lending
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Paper Loan Files: Does Your Bank Know the True Cost?
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November 6, 2023
Source: SG Credit Partners
Atlanta, GA (November 6, 2023) – SG Credit Partners has provided a commitment for up to $10 million in debtor-in-possession (“DIP”) financing to Water Gremlin, the world’s technological and market leader in battery terminals, to support ongoing manufacturing and distribution as it continues to offer customers consistent quality solutions during its Chapter 11 proceedings. The DIP financing has received interim court approval.
“SG Credit Partners is pleased to assist Water Gremlin in its efforts to complete a value-maximizing sale transaction by providing the company with DIP financing to help fulfill commitments to its valued employees, customers, and suppliers during the process,” said Carlos Tan, Managing Director of SG Credit Partners. “Assisting with complex situations is the backbone of our business, and DIP loans are a growing part of our expertise and offering. Our clients depend on us for speed and certainty to close, in addition to our structuring creativity, all at commercially reasonable terms for the situation at hand.”
About SG Credit Partners, Inc.
SG Credit Partners is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. We’ve established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products and Structured Credit.
Headquartered in Southern California with offices throughout the country, SG has provided in excess of $750 million to lower middle market entrepreneurs across a variety of industries. For more information, visit www.sgcreditpartners.com.
Atlanta:
Carlos Tan
Managing Director
SG Credit Partners
Carlos@sgcreditpartners.com
“SG Credit Partners is pleased to assist Water Gremlin in its efforts to complete a value-maximizing sale transaction by providing the company with DIP financing to help fulfill commitments to its valued employees, customers, and suppliers during the process,” said Carlos Tan, Managing Director of SG Credit Partners. “Assisting with complex situations is the backbone of our business, and DIP loans are a growing part of our expertise and offering. Our clients depend on us for speed and certainty to close, in addition to our structuring creativity, all at commercially reasonable terms for the situation at hand.”
About SG Credit Partners, Inc.
SG Credit Partners is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. We’ve established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products and Structured Credit.
Headquartered in Southern California with offices throughout the country, SG has provided in excess of $750 million to lower middle market entrepreneurs across a variety of industries. For more information, visit www.sgcreditpartners.com.
Atlanta:
Carlos Tan
Managing Director
SG Credit Partners
Carlos@sgcreditpartners.com
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