Rheometric Scientific, Inc.

Client Profile
Rheometric Scientific, Inc. is a publicly traded manufacturer of physical measurement instruments, with its worldwide headquarters in New Jersey.
Situation
Rheometric Scientific, Inc. sought refinancing of its senior debt when, in the midst of a turnaround, a regional commercial bank syndicate placed its loan in workout. Client needed fresh working capital to fund ongoing growth.
Solution
SSG secured a refinancing which enabled Rheometric Scientific, Inc. to 1) satisfy its total outstandings with a regional commercial banking syndicate that had placed the credit in workout, 2) secure additional working capital to fulfill continually increasing sales since completing a turnaround, and 3) obtain a multicurrency facility with one financing source.