Building Products Manufacturer

ASSIGNMENT

Monroe Credit Advisors was engaged by a manufacturer of steel and wood bridges and other building products to assist with a refinancing of its lender. Due to a downturn in the residential and commercial construction industries, the company experienced a decline in revenue and cash flow, resulting in a downsizing of the business. The company’s existing lender decided not to renew the company’s loan agreement due to prevailing weak industry conditions. Hence, the company was forced to seek replacement financing in a short period of time.

EXECUTION

Monroe Credit Advisors leveraged its credit experience and lending relationships and worked with management to solicit and negotiate replacement financing. Various financing structures were considered from a broad group of institutions including banks, commercial finance companies, factors, bridge lenders and debt investment funds. Monroe ran a disciplined process that showcased the credit and company in an optimal way and to the most relevant potential lenders. The financing solution that resulted paid out the existing lender in full, materially reduced personal exposure of the company’s owner and positioned the company with increased availability to operate through the downturn.