Essex Capital Arranges $2.0 Million Subordinated Debt Financing
Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged $2,000,000 in new financing for an engineering company based in the Southeastern United States (the “Company”).
The funding was provided in the form of a fully subordinated mezzanine loan from a private specialty finance company. Deal proceeds were used by the Company to pay down senior debt and for expansion capital.
Robert D. Swain, President of Essex, said, “We are pleased to announce the closing of another successful corporate recapitalization. Referred by the Company’s existing senior lender, we accomplished the goal of right-sizing the bank’s exposure with regard to its collateral while also providing growth capital that will fund a substantial new contract.”
Essex Capital acted as the Company’s exclusive advisor in this transaction.
About Essex Capital Group
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. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $300 million for its corporate finance clients.
- Contact Information
- Robert Swain
- Essex Capital Group, Inc.
- (1) (813) 837-3500
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.