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Essex Closes $5MM Term Debt Capital Raise

April 19, 2017, 08:00 AM
Filed Under: Agriculture

Essex Capital Group, Inc. announced that the firm recently arranged a $5,000,000 term debt facility for American Garden Perlite, LLC.

AGP began operations during 2016 to further process raw perlite ore into expanded perlite for use in numerous agricultural applications.  When the demand for the product exceeded management’s expectations, the company required a substantial increase in capacity and available working capital.

The principals of AGP retained Essex to raise debt capital to build plant capacity and meet increasing demand.  Essex quickly arranged a $5.0 million term credit facility that allowed the Company to purchase new machinery and equipment while providing new working capital. The Company is now well positioned to take advantage of substantial growth opportunities in their market.

Essex Capital acted as the Company’s exclusive advisor in this transaction.

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