A leading heavy equipment rental business in California was seeking to consolidate their numerous incumbent debt facilities and inject working capital to re-stabilize operations in a post-COVID environment. Travelers Capital was able to assist by re-leveraging the existing fleet and structure the facility as a non-fully amortizing 24-month bridge loan. The facility was tailored to improve free cash flow retention by lowering the company’s annual debt service burden and convert equity in the fleet into additional liquidity to help the business meet its growth objectives.
A forestry services enterprise was looking to right-size the business following a failed venture in the aggregate space. Furthermore, the existing senior lender was reluctant to support disposition efforts or provide capital solutions that could alleviate cash flow issues. Travelers put forth a flexible solution that paid out existing senior creditor, supported the disposition process, provided immediately working capital, and lowered monthly payment obligations. Post funding, we have continued to facilitate the sale of assets for the purpose of working capital, approved asset security swaps, and amended payment terms for seasonality.
A diversified business owner was seeking to acquire a net-new helicopter to take advantage of the upcoming summer season and it’s multitude of uses and potential revenue streams. Traveler’s facilitated the capex facility on a rush basis with an extended amortization, no financial covenants, and favorable repayment terms