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Gibraltar Closes $20MM for Four Firms in Last 30 days

July 16, 2019, 09:00 AM
Filed Under: Industry News

Gibraltar has built $20MM in new financing partnerships over the past 30 days— providing four companies with working capital flexibility to support their plans for the future. We’ve been able to reach this funding achievement by using our solid capital base and competitive strengths in the $2-$20 million ABL market.

This momentum reflects our success working with all types of stakeholders – financial sponsors, restructuring advisors, commercial lenders, and other financial professionals.
Our team is trained to listen, think differently, and take unique circumstances into account. With these new clients, as in our existing partnerships, Gibraltar applied this approach to structuring fast, flexible solutions that were responsive to distinctive business needs.

Gibraltar closed a $7 million line of credit with a Chicago area company providing printing and marketing services. The merger of three acquired companies had led to operational inefficiencies and excessive costs. Gibraltar provided funding to repay an existing lender, reduce other debt and support a restructuring plan. The facility is primarily secured by inventory and accounts receivable.

Gibraltar provided $5 million in acquisition financing to a private equity group to support the purchase of a California-based supplier to global law enforcement, surveillance and defense markets.

Gibraltar closed a $4 million credit facility with a sponsor-backed beauty company selling its products through e-commerce and salons. The company’s majority owner approached Gibraltar to refinance existing debt and equity, with the goal of lowering expenses and supporting a period of rapid growth. The facility is secured by inventory and accounts receivable.

A sponsored international supplier of high-end skincare products, based in NYC, came to Gibraltar for a $4 million credit commitment to support new distribution plans and improve cash flow. The facility is secured by inventory and accounts receivable.

As a specialty financing company with more flexibility than a traditional bank lender, Gibraltar is able to use its experience and resources creatively to meet the needs of a company in transition. If you are looking for flexible working capital, read some of our case studies or contact us today for more information and an introduction to our team.





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