Significant credit and documentation challenges were present including the start-up nature of the Lessee and a foreign corporate guarantee both which are major hurdles for traditional U.S. and International banking institutions.
|Equipment:||Caterpillar bulldozers and wheel loaders, and two large barge cranes (Sennebogen and Gottwald) all comprising an integral part of a $250MM investment in a commodities warehousing and distribution facility in the Gulf Coast Port Region of the U.S.|
|Lessee:||The Lessee is a start-up U.S. subsidiary of a global warehousing and logistics company, specializing in the transportation and storage of metals, minerals, and coal.|
|Transaction:||The transaction was structured as an 84 month capital lease supplementing a $200MM bond financing. The combination of these facilities comprised a significant portion of the entity’s initial capitalization.|
|Competition:||Significant credit and documentation challenges were present including the start-up nature of the Lessee and a foreign corporate guarantee both which are major hurdles for traditional U.S. and International banking institutions.|
|Highlights:||The Lessee chose CGCF as we were able to overcome such credit challenges by utilizing our extensive and diversified global portfolios to accomplish a successful funding. Additionally, CGCF’s Finance personnel worked tirelessly with the Lessee’s, Guarantor’s, and Bondholder’s attorneys to overcome numerous legal and documentation issues over an extended period prior to funding. By effectively managing all parties and components of the funding process in a practical and professional manner, CGCF was able to meet the funding deadline associated with the Lessee’s bond covenants.|
CG Commercial Finance provides strategic equipment financing solutions to support you and/or your equipment sales worldwide. CGCF also gives you competitive advantages with superior financing product, delivery of fast and easy solutions for you and/or field sales reps, and increases in sales and profitability without added credit risk.