Essex Capital Group Arranges $3.5 Million Corporate Recapitalization

Tampa, Florida - Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged $3.5 million in new financing for Billhorn Converters, LLC, (“Billhorn” or “the Company”) a South Carolina-based paper converting business. Billhorn specializes in selling processed and unprocessed paper roll stock to the specifications of wholesale customers located throughout the United States.

The funding was provided in the form of an asset-based working capital line of credit from a private specialty finance company. Deal proceeds were used by the company to pay off existing debt and provide operating capital.

Jeff Billhorn, Company President & CEO, commented, “We are very pleased with the financing arrangements that Essex Capital Group was able to secure for us. The firm worked diligently to move our deal along at a fast clip and engage the right lenders for our company. The principals’ knowledge of available financing opportunities through their extensive network of lenders proved invaluable to our organization. They succeeded in positioning the company for growth in an obviously difficult financial market environment.”

Essex acted as Billhorn’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, as well as introductions to institutional private equity investors. Since inception in 2003, Essex has successfully raised in excess of $275 million for its corporate finance clients.

Contact Information

Robert Swain

President

Essex Capital Group, Inc.

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