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Recent Successful Refinances

Project Waterway

  • Location: Eastern US

  • Amount Refinanced: $25 Million

  • Annual Revenues: $150 Million

Image by Justin Wilkens

Description

A more than 100-year-old family-owned business serves the marine industry with transportation, equipment, and repair services. The Company owns dry docks and other equipment located throughout the Midwest and Southeast United States, and had consistently generated over $100 million in annual revenues before a decline in 2020 due to COVID-19. Focus Management Group was able to successfully source term debt financing of $25 million to restructure the balance sheet and better align assets and liabilities. This creative structure left the existing ABL lender in place and took advantage of the USDA Cares Act loan program. While it took time, patience, and skill to navigate uncertain and difficult timing and program requirements, the better alignment of the balance sheet gave the company the runway needed to fully recover and prosper after Covid-19.

Image by Artur Rutkowski

Project Processor

  • Location: Western US

  • Amount Refinanced: $100 Million

  • Annual Revenues: $180 Million

Super Health Food

Description

This Company is a 3rd generation family owned business with a proven track record. It is a predominant processor of its specific crop both in the United States and the world. The refinance of the term debt and additional availability under the line of credit will allow this business to continue to grow and prosper. A combination of lenders allowed FMG to achieve better interest rates, amortization terms, advance rates for the processing facility term debt, and for the line of credit than a single lender would have been able to provide.

Image by Clint Patterson

Project Aroma

  • Location: Midwest US

  • Amount Refinanced: $5 Million

  • Annual Revenues: $12 Million

Image by Andrea Cairone

Description

The Company required an asset based line of credit secured by its accounts receivable and inventory. The line of credit had to address both seasonal needs and potential growth opportunities in new product lines. Even though the company experienced a sales decline in 2020, the achievability of improved performance in 2021 and the quality of the collateral helped FMG place this credit with a new lender.

Bread Section

Project Breadbasket

  • Location: Western US

  • Amount Refinanced: $18 Million

  • Annual Revenues: $50 Million

Fresh Bread Rolls

Description

The Company requested combined credit facilities secured by real estate property, commercial bakery equipment (plus any new equipment purchases) and accounts receivable. The Company had built a well-diversified portfolio of high profile customer accounts, including the regional locations of leading national fast food and casual dining establishments.

Green Orchard

Project GrainWell

  • Location: Midwest US

  • Amount Refinanced: $15 Million

  • Annual Revenues: $5 Million

Image by Dan Meyers

Description

A successful family-owned corn and soybean producer in the Midwest was seeking a replacement lender for its real estate, equipment and working capital financing. The company has 1,666 acres of prime farmland located in Iowa. Other assets include high quality buildings, equipment, and stored and growing crops inventory.

Crane

Project HardHat

  • Location: Midwest US

  • Amount Refinanced: $65 Million

  • Annual Revenues: $41 Million

Construction Site

Description

The Company provides crane services, crane rental, rigging equipment, and heavy hauling needs. The company was seeking a refinance of its existing credit facility secured by equipment and accounts receivable. The new facility refinanced the existing lender, and provided access to additional liquidity.