Sertant Completes $10.5MM Transaction For Film and Paper Manufacturer
APR 2, 2019 - 6:00 am
Sertant Capital has completed a $10.5 million transaction for a full-service flexible film and paper packaging manufacturer and converter specializing in sustainable packaging for the food, beverage, nutraceutical, construction, textile and health care industries.
The transaction consists of:
$8 million 60-month equipment line of credit, 100% funding of equipment costs and all progress payments through 2019
$800,000 60-month sale leaseback for additional working capital capacity
$1.7 million term loan to pay down existing bank debt
Equipment includes printing presses, packaging material, and production machines.
Sertant Capital deployed its extensive institutional fund resources and equipment lease expertise to properly structure the transaction to recapitalize the client’s balance sheet. This structure provided increased liquidity for the client and allowed it to focus on future expansion and growth.
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