FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Nexseer Capital Funds $19.5MM Water Treatment Facility

July 19, 2019, 07:20 AM
Filed Under: Finance News

Nexseer Capital announced it has completed a $19.5 million equipment and project financing for a provider of water treatment systems and services. The Texas facility was constructed on a third-party chemical manufacturing site to provide treated water for its manufacturing process.
The project included substantial construction costs and financing for assets manufactured by the client. Nexseer provided a 10-year tenor and 14-year amortization period enabling this long-term investment to be cash-flow positive on day one.

“This was a very complex transaction from a collateral, documentation and execution perspective,” said W. Scott McCullum, President of Nexseer. “The client’s senior lenders were not able to provide a financing solution to match the clients intricate set of requirements under a design, build, own and operate model. Our expertise in these specialized situations, coupled with our ability to think outside the box minimized execution risk to our client. I’m very proud of our team.”

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.