CGCF’s success in funding and managing the various schedules and multiple vendors has established a relationship of trust and procured future business with the Lessee, as noted in Controller’s letter of reference below.
Lessee: The Lessee is a world-class supplier of industrial valves and solutions to major global energy E&P companies.
Transaction: $3,935,085 structured as a 30 month lease
Equipment: eCommerce and ERP hardware/software systems, including soft costs such as installation, integration and personnel training, to support Lessee’s continued growth and expansion.
Highlights: The client turned to CGCF to complete the assignment after the client’s own bank group chose not to finance the project. Although the Lessee is a well-established company with a strong client base, the transaction presented challenges due to the significant soft costs, progress funding requirements and exposure to a cyclical industry during an exceptionally unpredictable macro-economic climate.
CGCF leveraged its extensive knowledge of the Energy industry and its project management capabilities, to meet the client’s time table and ensure timely disbursements to the three software and service vendors during the implementation period. CGCF success in funding and managing the various schedules and multiple vendors has established a relationship of trust and procured future business with the Lessee.
“I wanted to take a moment to thank the CG Commercial Finance team for the results you achieved for my company. Adam, Scott and Kevin and the rest of the team CG commercial Finance have been professional, responsive and courteous in the leasing of our ERP project for ~$1.8MM.
The Team was able to include most of the “soft costs” of the ERP implementation including developer’s invoices for time and software engineering costs. I look forward to continuing the relationship for any other challenging asset financing or leasing needs we may have.”
Bill Y – Controller
We work with onshore and offshore oil & gas companies of all sizes and types: privately held, publically traded and those supported by private equity sponsors.Whether you are a company running a few frac spreads and focused on growth or one of the major service companies with a capex budget >$1Bn seeking low interest rates, if you make your living in oil & gas, we are the lender for you.