A privately owned fuel distributor with an existing invoice discounting facility secured by all the company’s assets. The security structure prevented the company from raising bank debt against its assets. The company had the opportunity to expand its operations and required a new funding structure to achieve this.
Assetsecure facility delivered the following benefits:
- Assetsecure refinanced the existing invoice discounting facility and sourced a big 4 senior lender to provide term loan facilities to the company.
- The joint funding package maximized liquidity to complete the acquisition and the business has successfully grown its operations.
- Debt service under the new funding structure provided the right combination of liquidity and working capital to support growth.