Hybrid Debt Financing for a Financial Services Company

Borrower Profile

A privately-owned financial services company that leverages proprietary software for the purpose of identifying, sourcing, evaluating, and purchasing cashflow assets, such as royalty and working interests, related to the energy sector.

Sector: Financials

Loan Type: Senior Secured Revolver & Short Term Loan

Location: United States

Loan Amount: $28,000,000 USD

Date: October 2021 - Present

Challenge

The borrower's incumbent bank was unwilling to expand its existing credit facility, and Cortland provided an expanded, more flexible capital solution.

Solution

To support continued growth, Cortland has provided a hybrid loan facility consisting of a term loan portion of US$5 million and a revolver of US$23 million.

Result

The company has been able to continue its acquisition strategy to grow its business without ownership dilution.

Not sure if debt financing is right for you? Talk to our Origination Team.