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Nexseer Capital Funds $12.9MM for Manufacturer

May 16, 2019, 06:59 AM
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Related: Nexseer Capital

Nexseer Capital announced it has completed a $12.9 million equipment and project funding for a $475 million revenue S&P “B”-rated consumer packaging company.

The financing included manufacturing, production and packaging equipment in a complex scenario that included multiple co-lessees in two countries; a European parent; ultimate private equity ownership; no parent guarantee; assets in the U.S, Canada and Mexico; foreign currency; and extensive progress fundings.

“This recent transaction exemplifies our capabilities and the value we add executing in complex situations.  I am proud of our team that was able to meet challenges and be responsive providing integral funding that will help this company grow,” said W. Scott McCullum, President of Nexseer.

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