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Concord Financial Advisors Secures $26MM in Credit Facilities for Hufcor

April 12, 2016, 08:02 AM
Filed Under: Manufacturing

Chicago-based Concord Financial Advisors announced it has secured a $20 million senior secured revolving line of credit and a $6 million term loan for Hufcor, Inc. located in Janesville, WI.  Hufcor is a leading, global manufacturer and distributor of movable walls.

Concord created a detailed memorandum featuring the Company's leading global industry position and strong ownership/management team. Concord drew on its 100+ years of collective corporate finance experience and proven debt placement process to identify bank and non-bank financial institutions that were comfortable with the industry and situation.
After conducting a targeted search process that generated a variety of proposals, Concord secured an attractive loan structure from a nationally recognized finance company that met the company's financing objectives, including a senior secured revolving line of  credit and term loan, eliminating the need for a mezzanine lender.
 "Concord was a true partner and identified qualified lenders that understand our business and negotiated the terms and structure of our lending arrangement with our new lender. We are extremely pleased with the work ethic, strategic input and results provided by Concord," said Kevin Flanagan, CEO of Hufcor, Inc.
Middle-market companies seeking access to debt capital require a trusted advisor to help them navigate the often convoluted financing process. Concord's clients rely on our broad financial expertise and deep relationships with a wide range of capital providers in offering tailored debt financing solutions that result in significant savings of time and money for our clients. Concord has closed over 90% of its retained assignments and more than 140 successful transactions totaling over $1.2 Billion since its inception in 2001.

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