Recent Transactions:
$3.5 Million Dollar Closing
Mid-States Advisors is pleased to announce it acted as advisor to the buyer in the purchase of a Michigan based Plating business. We worked in collaboration with a group of skilled tax and transaction professionals to complete this complex assignment. The purchase of the business and all assets served to facilitate the retirement of debt by the seller.
As usual, it takes a team to get the job done right!
$32 Million Dollar Closing:
Mid-States Advisors is pleased to announce it completed financings totaling $32 Million dollars for two related entities that provide value added commodity management services with a focus on the automotive and manufacturing industries. The companies have operating locations in the US, Canada, and Mexico.
Entity One:
Non-Recourse Revolving Loan
Amount: $15 Million
Collateral: Receivables and Inventory
Rate: 85% of Receivables and 85% of Inventory OLV
Term: 3 Years
CapEx Facility: $500,000
Entity Two:
Non-Recourse Revolving Loan
Amount: $17 Million
Collateral: Receivables and Inventory
Rate: 85% of Receivables and 85% of Inventory OLV
Term: 3 Years
CapEx Facility: $500,000
The previous lender had requested that our client find another lender. These profitable companies anticipate revenues of approximately $165 million in 2010, and are implementing a growth and diversification plan.
We solicited and received multiple proposals from lenders interested in establishing a relationship with these growing businesses.
$4 Million Closing:
Mid-States Capital acted as an adviser to the buyer for the purchase and financing of a non-automotive investment-casting firm.
Mid-States Advisors is pleased to announce it completed financings totaling $32 Million dollars for two related entities that provide value added commodity management services with a focus on the automotive and manufacturing industries. The companies have operating locations in the US, Canada, and Mexico.
Entity One:
Non-Recourse Revolving Loan
Amount: $15 Million
Collateral: Receivables and Inventory
Rate: 85% of Receivables and 85% of Inventory OLV
Term: 3 Years
CapEx Facility: $500,000
Entity Two:
Non-Recourse Revolving Loan
Amount: $17 Million
Collateral: Receivables and Inventory
Rate: 85% of Receivables and 85% of Inventory OLV
Term: 3 Years
CapEx Facility: $500,000
The previous lender had requested that our client find another lender. These profitable companies anticipate revenues of approximately $165 million in 2010, and are implementing a growth and diversification plan.
We solicited and received multiple proposals from lenders interested in establishing a relationship with these growing businesses.
$4 Million Closing:
Mid-States Capital acted as an adviser to the buyer for the purchase and financing of a non-automotive investment-casting firm.
