Essex Capital Group announced that the firm recently arranged a $3 million recapitalization for an industrial manufacturer that designs and manufactures PVC extrusions, located in the Southeastern U.S., including a $2.6 million asset-based loan facility and a $400,000 term loan.
Essex was retained to solve the refinancing issue and closed a recapitalization solution within 60 days that both refinanced the current bank as well as provided the Company with additional liquidity.
Essex Capital acted as the company's exclusive advisor in this transaction.