First National Capital Corp., a full-service provider of commercial equipment and project finance, announced the successful closing of $22 million in strategic financing for a leading packaging and printing company to support a transformative contract with a blue-chip customer.

The client, a packaging and printing firm, faced challenges such as tight debt coverage at 1.2x, limited liquidity and long lead times for capital investments. After securing a $22 million contract requiring new equipment, they partnered with FNCC to develop a financing plan that met senior lender needs and facilitated equity restructuring.

FNCC's customized approach involved nearly three years of relationship building and collaborative problem-solving. The financing package included progress payments during equipment installation and ramp-up, helping to preserve cash flow during this critical growth phase. FNCC worked closely with the company's new equity partner to ensure a smooth transition while coordinating with the senior lender to align interests between the new equity structure and debt commitments.

The capital enabled the acquisition of advanced Digital Press and Finishing Equipment, essential for fulfilling blue-chip contracts and positioning the company for ongoing growth. FNCC's team also worked directly with equipment vendors to foster confidence in the financing process and payment schedule.

Ben Frank, Chief Revenue Officer, stated, "Every client we serve has unique objectives and challenges. At First National Capital, our team uses extensive industry expertise to craft creative financing solutions that support our clients' ambitions today and into the future. True partnership means solving problems together and building lasting value."

This transaction demonstrates FNCC's ability to navigate complex capital structures, coordinate multiple stakeholders, and provide patient, flexible capital that enables businesses to seize transformative growth opportunities.