client_transactions

SSG Client Transactions

Title

EquiFin, Inc.
Client Profile

Client Profile

After divesting of its non-strategic assets, EquiFin, Inc. (AMEX ticker: II) retained SSG to secure a senior warehouse line of credit in order to fund the Company's plan to develop into a diversified commercial finance company.
Situation

Situation

The primary use of proceeds of this initial tranche of senior debt was to provide capital to its subsidiary, Equinox Business Credit, which offers $500,000 to $3,000,000 in sub-investment grade asset-based financing to middle market companies. The financing was inhibited by the fact that the Company was essentially a start-up operation.
Solution

Solution

In December 2001, SSG delivered a $20 million senior credit facility to the Company to allow for expansion of their current portfolio.
December 2001
$20,000,000 Senior Credit Facility
Provided to
EquiFin, Inc.
To provide growth capital for is subsidiary, Equinox Business Credit
The undersigned acted as Investment Banker to EquiFin, Inc. 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 »