Nexseer Capital announced it has 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.
“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,” said W. Scott McCullum, President of Nexseer.