ExWorks Capital provided $19 million in working capital financing in two recent deals.

The financing includes $13 million for a manufacturing company has provided the best in satellite communication systems for military and commercial use in the USA and around the world.  It also specializes in cyber security, global field support services, and logistics engineering to support its communication systems.

ExWorks Capital provided the company with an export working capital facility, utilizing its ever-growing international receivable base.  In addition, ExWorks provided a bridge loan and a term loan to temporarily replace the company's domestic asset-based lender.

"Our credit facilities significantly increased the company's borrowing capacity, which was time-critical for this stage of the company's growth.  Our financing solutions will be instrumental in helping the company to fulfill a growing backlog of contracts.  It is an exciting time to partner with the company and its multiple institutional investors to facilitate the continued growth," stated Keith Kirkland, Senior Director of ExWorks Capital.

Separately ExWorks provided $6 million in working capital financing to a specialty fabrics manufacturer. This Tennessee based company was founded in 1893. It is a leading value-added producer of coated cloth covering materials.  The Company's products provide protection and security for books and other published materials as well as packaging and industrial products.  The company serves a diverse, global customer base across a variety of end markets including publishing companies, bookbinders, government passport contractors and major industrial consumer brand companies. Due to its reputation for producing high quality products, the Company holds the distinction of being the sole supplier of U.S. passport covers for over 20 years.

ExWorks Capital has provided the company with working capital financing to support its liquidity need while meeting the timing requirements of all parties involved.

"ExWorks Capital was able to step in and provide a senior capital loan in a time sensitive note sale process. From the time of introduction to closing the transaction took 17 days to fund. With this quick turnaround, new ownership was able to step in and  allow management to continue successful uninterrupted operations." stated Matt Stanley, Managing Director of ExWorks Capital.