PHILADELPHIA, November 09, 2021 (GLOBE NEWSWIRE) – Phoenix Management Services® (“Phoenix Management”), a leading provider of operations-oriented solutions, acted as financial advisor to a Midwestern Manufacturing Metal Coatings supplier (the “Company”) in the organization, the structuring and negotiating a $ 2.75 million loan with Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing company. The proceeds from the financing will be used to refinance the Company’s existing credit facilities, fund additional working capital to fund its continued growth and capital expenditures associated with the expansion of its metal processing facility.
For over 60 years, the company has offered a wide range of standard and specialty finishes, including organic coatings. The Company serves a wide variety of private and public manufacturing and manufacturing customers in areas such as automobiles, truck and trailer construction, household appliances, electrical and telecommunications.
To support the company’s revenue rebound and growth, Phoenix Management designed a refinancing solution that leveraged the company’s accounts receivable and real estate to provide more working capital than the company’s existing lender. was not able to offer.
Phoenix Management’s efforts were led by Rick Szekelyi, Managing Director, and Jason Egger, Director. The Company’s strong interest in financing is a testament to its commitment to product innovation, long-standing customer relationships and committed ownership support.
“We didn’t just present refinancing options, we looked for the best solution with flexibility and working capital to help this company grow,” said Jason Egger, director of Phoenix Management. “The Rosenthal team, led by Al Foster, vice president and business development manager of the South East Rosenthal office, worked hard to provide the right solution and the right flexibility with the most competitive prices.
For 35 years, Phoenix has provided smarter, operations-driven solutions to mid-market companies in transition. Phoenix management services® provides turnaround, crisis management and transition services, as well as specialist advice for struggling and growing businesses. Phoenix Transaction Advisory Services® provides revenue quality, operational diligence, business quality®, management / organizational reviews, business integration, sales-side business preparation and other transaction-related support. Phoenix capital resources® provides transparent investment banking solutions, including advice on mergers and acquisitions, complex restructurings and capital investments. Phoenix Capital Resources is a registered US brokerage firm and a member of FINRA and SIPC.