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.”
What are the things you find most useful when working with funding sources? What do you find least useful? Paul Burnham: Funders, please let the TPO [third party originator] know how important they are to the organization. Answer the phone... read more
What was the biggest challenge your team faced last year and how did you overcome it? Tom Depping: This biggest challenge has been growing in a highly competitive environment. To counter this, we chose to expand our existing markets but... read more