Capteris closed a $14.25 million refinance with a sponsor-owned manufacturer of health supplements. The finance lease was part of a refinance effort by the company to free up working capital as it established new in-house manufacturing capabilities. The sponsor and company were focused on certainty of execution given a short close period while seeking attractive monthly payment terms.
“Capteris worked closely with the company, the sponsor and the advisor to provide an attractive refinance package that provided optimal advance rates, attractive terms and timely execution,” Todd Sinclair, managing director, head of sales and business development at Capteris, said. “Our ability to work across key stakeholders, understand their priorities and tailor a specific and timely solution were the key differentiators.”
