$ 40,000,000| Income Financing | Midwest
- Client: Midwest Automotive Parts Manufacturer
- Situation: An automotive holding company was in aggressive acquisition mode in an attempt to take advantage of the downturn in the automotive industry.
- Need: The client was looking to partner with a commercial finance source that could close complex leveraged buyouts in 2 weeks or less.
- Solution: Prestige was able to close and fund seven separate transactions totaling $40 million in combined facilities. Within 6-9 months, the client graduated to an $80 million ABL facility.
