Asset Based & Leverage Finance for Manufacturer

Moorfields were appointed advisers to the manufacturing business, after a failed attempt by a previous adviser to source a funding structure to replace the companies incumbent bankers. The business was EBITDA positive and coming out of a turn around. In less than 2 months we sourced 3 funding offers to fully replace the bank or have a second lien structure behind the retail bank. This was the preference of the company, we then persuaded the bank to leave some facilities in place and continue supporting the company.