Cash Flow

Super G Provides Second Lien Bridge Loan for Greek Yogurt Brand

Feb
15
2018
The Company: Privately owned manufacturer of premium artisanal Greek yogurt, handmade from a proprietary family recipe. Financial Profile: Revenue: $21MM | EBITDA: $2MM The Financing Situation: The Company had engaged a middle market investment bank to secure a large round of growth equity capital. During this process, the Company required additional working capital to help complete the opening of a new manufacturing facility that would...

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Super G Provides $900,000 Airball Stretch Piece

Jan
19
2018
The Company: Family-office backed U.S. manufacturer and supplier of specialty textiles. The Financing Situation: The Company was in the process of refinancing its existing senior credit facility with a lower cost ABL facility. However, there was insufficient collateral availability to pay off the entire senior credit facility balance. The Company’s M&E was already levered so the shortfall could only be solved with additional equity...

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Super G Provides $2.5 Million Seasonal Working Capital Loan

Dec
13
2017
The Company: Leading producer of perennials, annuals and tropical plants and one of the largest greenhouse operations in the United States. The Financing Situation: The Company needed additional working capital for its low season (fall – winter), when sales volumes are at their lowest and preparations for the spring high-volume period begin. The Company has an asset based lending facility in place for working capital, but AR & inventory...

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Super G Provides $2.0 Million Second Lien Working Capital Loan

Oct
27
2017
The Company: Sponsor-backed provider of employee healthcare management services. TTM Revenue: $35mm |  TTM EBITDA: $5.6mm The Financing Situation: The Company was seeking additional working capital for (i) seasonality around Q4 employee enrollment, (ii) cushion to continue growth and run an M&A process, and (iii) minimum liquidity to stay in compliance with bank covenants.  The Company’s senior lender is providing an asset-based revolving...

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Super G Provides $2.0 Million Bridge Loan to Finance Bank Exit

Oct
4
2017
The Company: Private equity backed, outsourced pharmaceutical service provider conducting clinical research. TTM Revenue: $17mm |TTM EBITDA: $1mm The Financing Situation: The Company had a cash flow based term loan with its bank and was in technical default.  Given the combination of lender fatigue, lumpy sales & cash collections due to the timing of contracts, and high monthly payments on the term loan, the Company was seeking immediate...

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Super G Provides $2 Million Subordinated Credit Facility to Wine Producer

Aug
10
2017
The Company: Wine producer and distributor operating in a state of the art, custom winemaking facility. The Financing Situation: In the early stages of a capital raise, the Company was seeking additional working capital to create availability on its line of credit and fund growth initiatives. The Company’s asset based lender, Ares Commercial Finance (“Ares”), which is not affiliated with Super G, was providing a flexible asset based credit...

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Super G, Western Alliance Bank Support Refi of Glowpoint, Inc.

Jul
31
2017
Click here for link to article. Glowpoint, Inc., a managed service provider of video collaboration and network applications, announced that on July 31, 2017, the company completed a recapitalization of its existing debt obligations with support from Western Alliance Bank and Super G. The new financing eliminated $9,362,000 of debt and accrued interest obligations and reduced the Company’s outstanding common stock by 385,517 shares. As...

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Super G Provides $3.5 Million Credit Facility to PE-backed Company

May
19
2017
The Company: Designs, manufactures, and supports NextGen compliant avionics systems that improve the safety, efficiency, and affordability of flying. The Financing Situation: The Company was seeking to refinance its existing senior credit facility and move on to a new lending relationship to better support the strategic initiatives of the Company. The existing credit facility was based on enterprise value and thus required a comprehensive...

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Super G Provides Multi-Tranche Second Lien Growth Capital Facility to Lease Crew Services Company

Feb
13
2017
The Company: Company provides lease crew services and equipment rentals to leading exploration and production companies in South and West Texas. The Financing Situation: The Company was seeking growth capital in addition to its existing asset based financing. The Company had equipment financing in place as well as a flexible factoring arrangement with FarWest Capital and could not unlock additional availability from its existing collateral....

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Super G Provides $2.5mm Non-Dilutive Bridge Facility to VC-backed Company

Jan
18
2017
The Company: Venture backed, subscription e-commerce brand. The Financing Situation:  The Company is in growth mode, rolling out direct-to-consumer brands in addition to its subscription e-commerce business, and was seeking a non-dilutive solution as a bridge to a strategic sale or next equity round.  The Company‘s management team wanted excess working capital cushion to remain focused on growth initiatives and maintain compliance with...

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California loans are made pursuant to SG Credit Partners, Inc.'s California Department of Corporations Finance Lender License No. 60DBO-87290. Credit approval is subject to SG Credit Partners, Inc.'s credit standards, and actual terms (including actual loan amount) may vary by applicant. SG Credit Partners, Inc. requires certain supporting documentation with each new application. Complete disclosures of APR, fees, and payment terms are provided with each loan and are available from SG Credit Partners, Inc. at 23 Corporate Plaza, Suite 100, Newport Beach CA 92660, telephone 1-800-348-0232.