Farber Advises Company in Obtaining $1.6M in Senior Debt Financing

Farber News
May 11, 2020
View of tall city buildings from below

Farber is pleased to have acted as the exclusive financial advisor to obtain senior debt financing of $1.6 million for a construction materials supply company.

Background

In business for 10 years, the construction materials supply company is a well-respected and critical supplier to many infrastructure and commercial projects in the area east of Toronto. They own their facilities and delivery vehicles to ensure on-time servicing for their customers so that construction projects are never held up. Their investment in these real estate and tangible assets tied up critical working capital that is now accessible with the new senior financing facility.

Solution

The client needed a lender who recognized the seasonality of the construction industry and the longer collection periods associated with the client’s construction customers. Farber Corporate Finance Inc. acted as exclusive financial advisor for the client to source a new financing relationship with a supportive near-bank lender.

Deal Team

Barbara Cowper
Managing Director
bcowper@farbergroup.com
T:
647.796.6038
Bob Blades
Senior Consultant
bblades@farbergroup.com
T:
647.796.6038

 

 

 

 


Barbara Cowper is a Managing Director with the Corporate Finance practice at Farber. She focuses on arranging innovative financing solutions for companies in a broad array of industries. Barbara can be reached at 416.496.3760 and bcowper@farbergroup.com.

Bob Blades is a Senior Consultant with the Corporate Finance group at Farber. He focuses on arranging innovative financing solutions for small and medium-sized enterprises (SMEs) and early-stage companies. Bob can be reached at 647.796.6038 and bblades@farbergroup.com