Metal Products Fabricator & Distributor – DE

Metal Products Fabricator & Distributor


Revolving Credit Line, Term Loan

About This Deal


The company embarked on a growth strategy just ahead of the recession including the purchase of a much bigger facility. Because of the economic conditions resulting from the recession, the company’s sales dropped to a level where the fixed expenses could not be covered leading to multiple years of losses. As a result, their existing bank foreclosed on the assets.

The financing was requested by a prior customer of Lighthouse seeking to expand his existing presence in the metals distribution segment by acquiring the assets out of foreclosure. Timing was critical in that the transaction had to be completed ahead of a scheduled auction. Lighthouse was able to structure, close, and fund the transaction within thirty days from the initial start of due diligence.