Commercial Printing & Fulfillment

$4 Million Credit Facility & Debt Restructuring

The Client

A full service web and sheet fed commercial printing facility which offers the latest in electronic imaging and press service and features state-of-the-art digital printing, pre-press, offset printing, die cutting, binding, mailing and assembly services.

The Situation

The company had numerous litigating creditor claims and judgments stacked up, was out of covenant with its existing bank and unable to find a new lender to fund growth plans.

The Solution

To support the company’s re-capitalization and restructuring, Business Capital successfully exited the company from its local regional bank and negotiated away all covenant deficiencies and penalties. Business Capital simultaneously negotiated with several litigating creditors and successfully structured an optimal financing solution with new lenders. This out of court restructuring enabled the company to move forward on stronger footing and achieve its future growth plans.

 

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