Tampa Bay: Essex Capital Arranges $4.14 Million Debt Financing
Robert Swain, President of Essex Capital Group, Inc., announced today that the firm recently arranged a $4.14 million balance sheet restructuring for a Southeastern-based food processor and distributor.
The restructuring included three tranches of new capital, including an asset-based working capital line of credit provided by a specialty finance company located in the Northeast, an owner-occupied commercial real estate loan on two properties, and a subordinated debt loan. The proceeds from the recapitalization were used by the company to pay off existing debt and provide operating capital.
Mr. Swain commented, “The capital markets are currently presenting real challenges for small and mid-market companies in need of recapitalization. We were pleased to be able to successfully structure and execute this transaction, positioning our client for continued growth.”
Essex Capital acted as the exclusive advisor in this transaction.
About Essex Capital Group, Inc.
Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. Through its extensive knowledge of the capital markets, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt, as well as introductions to institutional private equity investors. Since inception in 2003, Essex has successfully raised over $250 million in 50 financing transactions.
- Contact Information
- Robert Swain
- Essex Capital Group, Inc.
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