Revolving Loan for a Solar Panel Manufacturer
This portfolio company is a leading manufacturer of solar panels that are used to support a wide range of infrastructure projects.
Loan Type: Senior Secured Revolver
Loan Amount: ?
Initial Funding Date: February 2016 OR Date: February 2016 - May 2023
The borrower was seeking capital for purchase order and AR financing.
Cortland provided a $8 million initial flexible credit facility to the borrower. The lending commitment then grew to $81 million.
The borrower has successfully paid out the outstanding credit facility and was able to migrate toward traditional financing.