Lighthouse Financial completed a $3,675,000 credit facility to a North Carolina-based manufacturer of metal, tubular products. The company was originally set up to produce diesel injection lines and has since expanded to produce a full range of industrial products, supplying tubing solutions to some of the world's largest blue chip companies for over 3 decades.

The parent company for this borrower filed for bankruptcy protection in the UK, leading to its purchase by a new investment firm earlier in the year. Lighthouse was asked to refinance the original bank debt remaining after the purchase. A $2,500,000 Line of Credit, a $625,000 Term Loan, and a $550,000 Mortgage were utilized to complete the transaction. Lighthouse's credit facilities not only paid back the prior lender, but provided additional liquidity to support the company's working capital needs.