Recent Transactions

Travelers Capital has provided loan & lease solutions to North American borrowers across a multitude of industries. Recent transactions include, but are not limited to, the following facilities:

$
Distressed Refinance

To assist a Western Canadian excavation and aggregate production business access off-balance sheet equity to repay motivated senior creditors and provide working capital to catch up on arrears, including amounts owing to the CRA arrears. Travelers Capital was able to facilitate the refinance by underwriting both capital and current assets to ensure sustainable leverage.

$
LBO Financing

To assist a Western Canadian directional-drilling company in their acquisition of a complimentary hydrovac business, Travelers Capital was able to approve a +90% of LBO purchase price advance by underwriting the target company and while also recapitalizing the purchaser’s balance sheet.

$
Bridge Loan

To facilitate their transition back to bankability, Travelers Capital underwrote $8.1MM sale and leaseback for an East Coast construction and paving company. The business had endured a particularly difficult year due to weather and was asked to leave their house bank of over 60 years as they now fell outside of the institution’s traditional credit guidelines. Working in tandem with a new working capital lender, TC was able to approve a multi-facetted capital asset sale and leaseback with a seasonal payment scheme to accommodate management’s recovery initiative.

$
CAPEX Lease

Travelers Capital financed the acquisition of a net-new piece of specialized equipment for a Western Canadian forestry company that was depending on the asset to meet its substantial growth plans and work program. TC facilitated a quick close while also structuring an off-market down payment program to accommodate the Borrower’s immediate liquidity needs.

$
Working Capital Refinance

Travelers Capital facilitated a large working capital injection for a Central Canadian construction company looking for increased flexibility in their covenants, growth capital for new contracts won, and additional cash-on-hand for capital costs associated with their new business venture into aggregate production and sales. By paying out all existing creditor and re-levering the company’s balance sheet, TC was able to provide a quick close and allow the company to direct their attention to their core and net-new businesses.

$
Bridge Loan

To enable their transition and turn-around plan, Travelers Capital provided a $7MM sale and leaseback to a Central Canadian group of companies in the aggregate production sector who had endured a very difficult prior fiscal year but still retained a promising balance sheet. The facility was structured as a short term bridge-to-balloon with an initial interest only period, and was to be used to repay existing creditors, pay down lagging accounts payable, and provide capital for up-front work costs on new contracts for new fiscal year.

$
Working capital Refinance

Following a period of rapid-growth, the borrower, a turnkey site infrastructure package provider based in Southern USA, was looking for refinance solutions to access working capital and for presentation to obtain bonding. Travelers Capital was able to underwrite the borrower’s full ask and tap into the off-balance sheet equity by way of a TRAC lease.

$
Recapitalization

Travelers Capital arranged and underwrote a $12MM facility refinance and equity repatriation facility for an oil and gas service company based in Western USA. The company had experienced poor fiscal oversight and respectively poor financials results due to misguided management and disloyal executives, which eventually led to an accrual of several million of arrears to the IRS. By re-leveraging the company’s full fleet of construction and transportation equipment, the facility was to pay out the existing creditor, move the borrower into more affordable financing, and repatriate enough equity to repay their priority payables in full.

$
Specialty Asset Finance

Travelers Capital was able to underwrite a $1.25MM capex facility for a Midwestern USA start-up specializing in wood waste management. The borrower was in need of growth-capital to acquire a number of specialist carbonators to support near-term rapid growth from its recently procured large scale waste management contracts. TC was able to underwrite the net-new business with lacking historical financial statements by way of a supplemented corporate and personal guarantees as a credit enhancement.

Travelers Capital. All Rights Reserved ©

A division of the Travelers Financial Group.

Recent Transactions

Travelers Capital has provided loan & lease solutions to North American borrowers across a multitude of industries. Recent transactions include, but are not limited to, the following facilities:

$ 0
Distressed Refinance

To assist a Western Canadian excavation and aggregate production business access off-balance sheet equity to repay motivated senior creditors and provide working capital to catch up on arrears, including amounts owing to the CRA arrears. Travelers Capital was able to facilitate the refinance by underwriting both capital and current assets to ensure sustainable leverage.

$ 0
LBO Financing

To assist a Western Canadian directional-drilling company in their acquisition of a complimentary hydrovac business, Travelers Capital was able to approve a +90% of LBO purchase price advance by underwriting the target company and while also recapitalizing the purchaser’s balance sheet.

$ 0
Bridge Loan

To facilitate their transition back to bankability, Travelers Capital underwrote $8.1MM sale and leaseback for an East Coast construction and paving company. The business had endured a particularly difficult year due to weather and was asked to leave their house bank of over 60 years as they now fell outside of the institution’s traditional credit guidelines. Working in tandem with a new working capital lender, TC was able to approve a multi-facetted capital asset sale and leaseback with a seasonal payment scheme to accommodate management’s recovery initiative.

$ 0
CAPEX Lease

Travelers Capital financed the acquisition of a net-new piece of specialized equipment for a Western Canadian forestry company that was depending on the asset to meet its substantial growth plans and work program. TC facilitated a quick close while also structuring an off-market down payment program to accommodate the Borrower’s immediate liquidity needs.

$
Working Capital Refinance

Travelers Capital facilitated a large working capital injection for a Central Canadian construction company looking for increased flexibility in their covenants, growth capital for new contracts won, and additional cash-on-hand for capital costs associated with their new business venture into aggregate production and sales. By paying out all existing creditor and re-levering the company’s balance sheet, TC was able to provide a quick close and allow the company to direct their attention to their core and net-new businesses.

$ 0
Bridge Loan

To enable their transition and turn-around plan, Travelers Capital provided a $7MM sale and leaseback to a Central Canadian group of companies in the aggregate production sector who had endured a very difficult prior fiscal year but still retained a promising balance sheet. The facility was structured as a short term bridge-to-balloon with an initial interest only period, and was to be used to repay existing creditors, pay down lagging accounts payable, and provide capital for up-front work costs on new contracts for new fiscal year.

$ 0
Working capital Refinance

Following a period of rapid-growth, the borrower, a turnkey site infrastructure package provider based in Southern USA, was looking for refinance solutions to access working capital and for presentation to obtain bonding. Travelers Capital was able to underwrite the borrower’s full ask and tap into the off-balance sheet equity by way of a TRAC lease.

$ 0
Recapitalization

Travelers Capital arranged and underwrote a $12MM facility refinance and equity repatriation facility for an oil and gas service company based in Western USA. The company had experienced poor fiscal oversight and respectively poor financials results due to misguided management and disloyal executives, which eventually led to an accrual of several million of arrears to the IRS. By re-leveraging the company’s full fleet of construction and transportation equipment, the facility was to pay out the existing creditor, move the borrower into more affordable financing, and repatriate enough equity to repay their priority payables in full.

$ 0
Specialty Asset Finance

Travelers Capital was able to underwrite a $1.25MM capex facility for a Midwestern USA start-up specializing in wood waste management. The borrower was in need of growth-capital to acquire a number of specialist carbonators to support near-term rapid growth from its recently procured large scale waste management contracts. TC was able to underwrite the net-new business with lacking historical financial statements by way of a supplemented corporate and personal guarantees as a credit enhancement.

Travelers Capital. All Rights Reserved ©

A division of the Travelers Financial Group.