Nexseer Provides $19.5MM in Funding for Water Treatment Facility
JUL 19, 2019 - 6:45 am
Nexseer Capital completed a $19.5 million equipment and project financing for a provider of water treatment systems and services.
The Texas facility was constructed on a third-party chemical manufacturing site to provide treated water for its manufacturing process.
The project included substantial construction costs and financing for assets manufactured by the client. Nexseer provided a ten-year tenor and fourteen-year amortization period enabling this long-term investment to be cash-flow positive on day one.
W. Scott McCullum, president of Nexseer, said, “This was a very complex transaction from a collateral, documentation, and execution perspective. The client’s senior lenders were not able to provide a financing solution to match the clients intricate set of requirements under a design, build, own, and operate model. Our expertise in these specialized situations, coupled with our ability to think outside the box minimized execution risk to our client. I’m very proud of our team.”
Nexseer is a direct lender which provides for the equipment and project finance needs of mid-sized and large companies throughout the United States and abroad.
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