PRESS RELEASE: Reich Brothers Structured Finance announces the recent closing of three transactions totaling in excess of $28.5 million. Highlights are:
- Agribusiness in Oregon – $17.2MM senior secured term loan facility secured by real estate and equipment for a family-owned business operating fruit tree orchards, grape crushing, fruit packing, processing, and cold storage in Washington, Oregon, and California. Reich Bros Finance and partners refinanced defaulted bank debt and provided the company with additional liquidity to facilitate an operational transition.
- Aluminum Extrusion Co in New Jersey – $7.6MM senior secured term loan secured by industrial real estate, machinery, and equipment for an aluminum extrusion and fabrication business seeking liquidity to facilitate a turnaround plan.
- Coal Mining Co in Alabama – $3.6MM equipment lease for above ground earth moving and mining equipment for a metallurgical coal business seeking to expand operations. We are currently working on providing the company with additional financing of a similar size for equipment being purchased with an acquisition.
RBSF is an asset-based lender that helps borrowers unlock value in capital assets through financing solutions customized to meet the borrower’s needs. Financing solutions include sale-leaseback, capital lease, term loan, secured loan and other structured transactions, and assets include machinery, equipment and industrial real estate. RBSF provides capital to companies across a wide range of industries, including agriculture, construction, energy, food and beverage, healthcare, industrial, manufacturing, mining, pharmaceuticals, technology and transportation. The team can quickly and creatively structure and close credit facilities from $500,000 to $30 million.
For more information, please contact
Head of Business Development