Corcord Financial announced it arranged a $15.6 million senior credit facility for a point-of-sale manufacturer that designs and manufactures fixtures and point-of-sale products for leading national retail chains. The company had a credit facility with a bank that was taken over in an FDIC-assisted transaction and the acquiring bank did not want to continue the relationship. The company had a short time-frame to source a commitment letter from a new lender. After being introduced to the company, Concord's assessment of the situation was that the Company was financeable due to its long term customer relationships, trailing 2012 adjusted EBITDA and support from ownership. The company subsequently retained Concord to search for and secure new financing under the extremely short timeline mandated by the incumbent bank.

After conducting a targeted search process to a variety of capital providers, Concord secured a commitment letter that met the Company's objectives and closed the transaction in approximately 60 days to the satisfaction of all parties.

Concord Financial Advisors is a financial intermediary specializing in private placements of senior debt and subordinated debt/mezzanine financing for middle market companies.