Brandywine Compounding Company

Client Profile
Brandywine Compounding Company is a manufacturer of high-value plastic compounds (toll compounder) for major customers including Exxon and DuPont.
Situation
Brandywine sought to recapitalize its business in order to capitalize on internal growth opportunities.
Solution
SSG refinanced existing senior debt with a more aggressive senior lender and raised subordinated debt which enabled Brandywine to: 1) substantially increase its borrowing availability, 2) reduce its working capital revolver interest rate almost 500 basis points and secure a fixed rate term loan at an interest rate 4.24% lower than its previous senior term loan and 3) attract a highly successful, well-known venture capital firm as an investor and active Board of Directors member and repurchase shares held by minority investors.