Nexseer Capital Funds $12.9MM for Global Consumer Packaging Manufacturer
MAY 15, 2019 - 5:50 am
Nexseer Capital completed a $12.9 million equipment and project funding for a $475 million revenue S&P ‘B’ rated consumer packaging company. The financing included manufacturing, production and packaging equipment in a complex scenario that included multiple co-lessees in two countries, a European parent, ultimate Private Equity ownership, no parent guarantee, assets in the U.S, Canada and Mexico, foreign currency and extensive progress fundings.
W. Scott McCullum, president of Nexseer, said, “This recent transaction exemplifies our capabilities and the value we add executing in complex situations. I am proud of our team that was able to meet challenges and be responsive providing integral funding that will help this company grow.”
If you are a secured lender, then you know to file a UCC financing statement to perfect your security interest in the collateral, whether or not it is tangible (such as equipment) or intangible (such as accounts or leases). You... read more
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