$ 40,000,000| Factoring | Midwest
$ 40,000,000| Factoring | Midwest
Client:
Midwest automotive parts manufacturer.
Situation:
22-year-old manufacturer was in aggressive acquisition mode during the downturn in the automotive industry.
Need:
The client wanted to partner with a commercial finance source that could close complex leveraged buyouts in two weeks or less.
Solution:
Prestige was able to close and fund seven separate transactions totaling $40 million in combined facilities. Within nine months, the client graduated to an $80 million asset based lending facility.
