Wintrust Supports Coal Mining Company on Complex Transaction
Wintrust’s commercial finance team recently provided additional support to a long-time client, a coal mining company generating over $4 billion in revenue. Wintrust has been a trusted resource to the company for over eight years. The company needed to replace aging underground longwall shields from a foreign vendor, requiring over $65 million in financing. With a desire to preserve their liquidity, they were interested in partnering with someone to provide progress payments to their vendor overseas, along with a final operating lease structure at final...
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