A client had an aggregation of commercial operations with a proven, established and reliable cash flow with circa $10.5 million of facilities. The client’s business was also trying to capture new markets and expansion opportunities. Their existing bank had failed to conceptualise the maturity and bankability of the client, due to some metrics falling outside of the bank’s policy. Given this position, their existing financier was placing material pressure to remedy the situation via a full refinance or consolidation of assets.
RSP was formally engaged to assist in restructuring the business via aggregating additional commercial operations with the existing portfolio to capture an improved banking feasibility outcome. It was then presented to a bank with resources that specialised within their field of chosen enterprise. With considerable ongoing negotiations and additional restructuring, RSP settled the transaction which achieved the following;
- Provided the foundation for further organic growth
- Improved the Terms and Conditions placed upon the facilities
- Saved the clients circa $600,000 p.a. in their cost of funds