FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

US Capital Partners Provides $6MM Multi-Tranche Facility to Laser Engineering

May 01, 2013, 07:19 AM
Filed Under: Manufacturing


US Capital Partners provided a $1 million bridge financing round for Laser Engineering, Inc. (LEI), headquartered in Franklin, TN, followed by a $5 million accounts receivable line of credit. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.

“We are delighted to have secured this new, expansive financing,” said Lou Wallace, president at LEI. “Over the last twenty-five years, we have continued advancing our laser technology and expanding our business. We approached US Capital Partners to place a scalable accounts receivable line of credit to increase manufacturing capacity and production of our new product line.”

“We are extremely pleased to have provided this scalable credit facility for LEI,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “Based on rising market demand for LEI’s newly released FDA-approved product, the company recognized the need to increase working capital to meet increased customer orders. US Capital Partners was able to provide the initial bridge financing LEI required to support its current and future working capital needs as the company continues to scale.”

Founded in 1981, LEI designs, manufactures, sells, and services the LEI Ultra MD CO2 laser system and a complete line of accessories for multi-specialty use in neurosurgery, spinal surgery, ENT, gynecology, urology, and other disciplines.

Since 1998, US Capital Partners has been providing prompt, innovative, and reliable financing solutions including lending, equity financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small to middle market private and public companies.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.