Debt Providers help Arandell Corporation
Arandell Corporation and its debt capital advisor, Promontory Point Capital, identified a long-term capital structure that would generate liquidity and position the Company for continued growth with the objective of refinancing its balance sheet by pairing specialized debt providers with a new banking relationship.
Arandell’s bank financing was led by The PrivateBank with CapX Partners providing an $8.5 million equipment term loan and Spell Capital and Farragut Capital Partners providing mezzanine debt. Together, the debt providers worked in unison to accommodate Arandell’s financing needs.
“CapX has enjoyed getting to know Brad and the rest of the Arandell management team. From day one, they were able to effectively communicate their vision for the future. CapX also enjoyed the opportunity to work with The PrivateBank as well as Spell and Farragut on formulating a financing solution that was ideal for the Company’s future. CapX looks forward to a long-term financing relationship with both Arandell and the debt providers.”-Bryan Rozum, Vice President, CapX Partners
