Sertant Capital completed a $10.5MM 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 percent funding of equipment costs and all progress payments through 2019;
- $800,000, 60-month, sale leaseback for additional working capital capacity; and
- $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.
Sertant Capital, LLC: Sertant Capital is a full-service, independent equipment finance company based in Newport Beach, CA.