Essex Capital Group, Inc. announced the firm recently arranged a $19,175,000 balance sheet recapitalization for an industrial metal fabricator located in the Southeastern United States.
 
The new financing package, offered by two leading specialty finance firms, consisted of a $15.0 million asset-based line of credit and a $4.175 million sale-leaseback on existing equipment.  The restructuring allowed the Company to refinance existing debt and fund increasing working capital needs due to the Company's strong growth trajectory. 
 
Robert D. Swain, President of Essex Capital commented,  "We were exited by the opportunity to work with the Company's highly professional management team to arrange a two-pronged financing package that sets management up for continued success.  The new capital structure positions the Company to manage anticipated top line growth over the next several years."
 
Essex Capital acted as the Company's exclusive advisor in this transaction.

Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately-held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $500 million for its corporate finance clients.