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US Capital Partners Provides $1.4MM for OSW Equipment & Repair

July 31, 2013, 06:56 AM

US Capital Partners, LLC has provided a $1.4 million accounts receivable line of credit and machinery and equipment term loan for OSW Equipment & Repair, Inc. (“OSW”), headquartered in the Greater Seattle Area, Washington. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.

“We approached US Capital Partners to retire an existing loan with Union Bank, which the bank had previously acquired from Frontier Bank, and to secure additional working capital to support our ongoing growth,” said Jay L. DeNoma, President and owner of OSW. “US Capital Partners, the lender of record on this new financing, renegotiated our existing debt and brought in two co-lenders to provide a well-structured, scalable facility for us. I would recommend US Capital Partners to anybody I know over traditional banking. The firm has the wiliness to look ‘outside the box’ to help companies like OSW meet the challenges of growing in today’s tough business environment.”

“We are delighted to have successfully refinanced this expanding Washington-based manufacturing and repair firm,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “Acting on behalf of OSW, US Capital Partners successfully negotiated a favorable payoff with Union Bank. US Capital Partners then co-invested in a senior subordinated position to provide OSW with an overall loan facility of $1.4 million.”

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