Jorgensen Forge Corporation

Client Profile
Jorgensen Forge Corporation (“Jorgensen” or the “Company”), is a $35 million forger of bars, blocks, discs, and sleeves, as well as seamless rolled rings and various shafting configurations. The Company also operates a melt shop that produces ingots and billets consumed in its forging operation and sold to third-parties.
Situation
Following an operational turnaround and improved market conditions, Jorgensen sought to resolve obligations to its senior lender and provide ongoing working capital for its business.
Solution
Working under a demanding timeline, SSG Capital was successful in facilitating the sale of the Company’s senior debt obligations to a strategic lender. The transaction was completed in September 2004.