Aequum Capital announced an increase and extension of its aggregate credit facilities to $8.5 million for a leading U.S.-based manufacturer of specialty nonwoven textiles.
The transaction reaffirms Aequum Capital's commitment to the borrower, an established company that recently experienced a significant business interruption resulting from a fire at its facility. Recognizing the immediate need for liquidity and capital, Aequum structured a solution that not only provides ongoing working capital but also accommodates the financing of critical replacement equipment and supports future capital expenditure plans.
Aequum's collaborative and entrepreneurial approach with this strategic increase provides the borrower with the necessary financial stability to navigate the recovery period, fulfill customer orders, and resume its growth trajectory without delay.