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| Home : Phoenix Capital Resources(R) Assists Kalas Manufacturing, Inc. in Successfully Completing a Refinancing With Wells Fargo Bank |
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Jul 20
2016 |
Phoenix Capital Resources(R) Assists Kalas Manufacturing, Inc. in Successfully Completing a Refinancing With Wells Fargo Bank |
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PHILADELPHIA, PA--(Marketwired - July 19, 2016) - Phoenix Capital Resources, a leading middle market special situations investment bank, acted as the exclusive financial advisor and investment banker to Kalas Manufacturing, Inc. in arranging, structuring and negotiating a loan package of $33.6 million with Wells Fargo Bank. The financing package consists of a $25 million senior secured revolving credit facility, a term loan totaling $3.6 million secured by the Company's existing machinery and equipment, and a $5 million facility for future capital expenditures. The proceeds from the refinancing will be utilized to repay existing indebtedness, and to fund ongoing working capital needs and capital expenditure projects. |
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| Source:http://www.marketwired.com/mw/release.do?id=2143663&sourceType=3 |
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