Donald Trump, 100-year drought, Royal Commission, Kim Jong Un, Trade Wars, Climate Change – this is all starting to sound like Billy Joel’s famous song “We didn’t start the fire”. Every day the papers tell a new tale of woes, a new set of threats on the horizon. Is this just background noise that has been “always burning […]
Logistics company who has a strong and stable earnings history was looking to transition ownership to the current management team. Value of the company was north of $10m. Traditional banks were unwilling to provide funding for a share buyback in a context where there was no collateral to support the debt (assets held via operating lease). The management team who were acquiring it had limited means of injecting further equity and did not want to put personal guarantees/homes up in support. The Debt Stream team worked with the management team to help them put together a package that was acceptable to the exiting shareholder. This included a combination of specialized debt, convertible notes, and earn out provisions.
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