client_transactions

SSG Client Transactions

Title

Best Manufacturing Group, LLC
Client Profile

Client Profile

Best Manufacturing Group, LLC ('BMG' or the 'Company') is the nation's premier supplier of washable textiles and garments for the textile rental, hospitality, healthcare, and image apparel industries. Headquartered in Jersey City, NJ, the Company maintains manufacturing facilities in Cambodia, Mexico and the United States. BMG's products include bed linen, table linen and uniforms.
Situation

Situation

Best Manufacturing Group had difficulty absorbing an acquisition which temporarily suppressed cash flow and fatigued the Company's existing senior lender. SSG's professionals were retained as the Company's exclusive investment banker to explore refinancing alternatives.
Solution

Solution

SSG's professionals delivered a $97 million financing package comprised of an $80 million revolver and a $17 million term loan. The term loan was partially secured by machinery & equipment and real estate and had partial stretch or tranche B collateral characteristics.
March 2006
$97,000,000
Revolving Line of Credit And Term Loan
The undersigned acted as Investment Banker to
Best Manufacturing Group, LLC on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

Philadelphia
(610) 940-1094

Contact by E-mail »

New York
(212) 786-7432

Contact by E-mail »