US Capital Partners Provides $1.4 Million Credit Facility for OSW Equipment & Repair, Inc
Submitted by: PressReleasePoint
2013-08-01 00:01:26
US Capital Partners, LLC has refinanced a growing manufacturer of environmental products for the construction, transportation, and mining industries.
(OPENPRESS) San Francisco, CA, -- US Capital Partners, LLC has provided a $1.4 million accounts receivable line of credit and machinery and equipment term loan for OSW Equipment & Repair, Inc. ("OSW"), headquartered in the Greater Seattle Area, Washington. 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 approached US Capital Partners to retire an existing loan with Union Bank, which the bank had previously acquired from Frontier Bank, and to secure additional working capital to support our ongoing growth," said Jay L. DeNoma, President and owner of OSW. "US Capital Partners, the lender of record on this new financing, renegotiated our existing debt and brought in two co-lenders to provide a well-structured, scalable facility for us. I would recommend US Capital Partners to anybody I know over traditional banking. The firm has the wiliness to look 'outside the box' to help companies like OSW meet the challenges of growing in today's tough business environment."
"We are delighted to have successfully refinanced this expanding Washington-based manufacturing and repair firm," said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. "Acting on behalf of OSW, US Capital Partners successfully negotiated a favorable payoff with Union Bank. US Capital Partners then co-invested in a senior subordinated position to provide OSW with an overall loan facility of $1.4 million."
About OSW Equipment & Repair, Inc:
Headquartered in Snohomish, Washington, OSW manufactures and repairs products for the construction, transportation, and mining industries. The company focuses on a variety of products from environmental goods to keep waterways clean to dump trucks, dump trailers, concrete container boxes, water tanks, flatbeds, and jobsite offices. The company also sells and leases its equipment.
About US Capital Partners, LLC:
Since 1998, US Capital Partners (www.uscapitalpartners.net) 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. The company's innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, CEO and Managing Director, at jsweeney@uscapitalpartners.net or call (415) 889-1010.
Contact:
Hilary Adams
US Capital Partners, LLC
555 Montgomery Street, Suite 1501
San Francisco, CA 94111
415-889-1010
james@englishwordfactory.com
http://www.uscapitalpartners.net
