Aequum Capital provided $12.5 million in credit facilities to an Illinois and Michigan based plastics manufacturer, specializing in custom blow-mold solutions. The credit facilities enable the Company to leverage working capital assets, along with machinery, equipment, and real estate to enhance the liquidity position of the business. In addition, the facilities provide a delayed draw feature to support investments in new capital equipment.

Aequum was able to provide the financing despite the Company operating at a loss for the past several years. Ownership and management were in the midst of completing a turnaround of the business, divesting non-core assets, and streamlining operations. Aequum differentiated itself from competing lenders, by providing a solution that leveraged additional assets of the business and relieved amortization pressure on cash flows. This structuring creativity will allow the Company to complete the turnaround with limited additional equity contributions.