Oilfield Services Equipment
$25,000,000
Purchase of bank debt and security, converted to term and factoring
facility to fund North American operations and provide working capital.
Security: Oilfield service equipment, Canadian and US A/R.
Repayment: Blended monthly payments and exit through sale of US based
assets and final exit through conventional financing.
Oilfield Services
$15,000,000
Bridge Facility to a publicly traded oil and gas services company to successfully
exit CCAA and refinance conventional debt.
Security: Oilield equipment, wellsite trailers and camps
Repayment: Blended monthly payments with final balloon
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Logging Services Company
$15,000,000
Purchase of bank debt and security within CCAA proceedings,
converting to an operating facility to provide releif from creditors and
allow for a corporate restructuring.
Security: Logging equipment, Bill 13 rights, inventory, A/R and real estate
Repayment: Monthly payment of principal and interest, collection of
A/R and final exit through a sale of assets.
Jet Fuel Supplier
$5,600,000
The company could not expand fast enough with their conventional bank facility. Provided a Factor Facility to fund ongoing working capital requirements for 24 months, they went back to traditional bank once they had built up their equity. Security: A/R Repayment: A/R
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Concrete Product
$15,000,000
Purchase of bank debt to prevent foreclosure and allow the company a greater time period to close alternative financing
Security: Equipment; inventory; real property
Repayment: Proceeds from receivership sale
Store Fixture Manufacturer
$10,000,000
DIP loan to fund ongoing operations during CCAA restructuring
Security: Equipment; inventory; A/R
Repayment: Monthly interest only payments with retirement from auction proceeds on surplus assets, balloon payment at end of term
Residential Mobile Home Finance Portfolio
$5,000,000
Regional finance company with a portfolio of 1,500 notes had an opportunity to buy out Private Equity partner at a deep discount
Advisors scoured lenders for 18 months before finding Century, we funded the buyout in 45 days, securing a 40% discount for the lender.
Security: 1,500 individual finance contracts secured by mobile homes in the Midwest USA
Repayment: Interest only for 12 months within formula, borrower refinanced to new bank rate funding within 13 months.
Plastic Injection Molding
$6,150,000
Sale/Leaseback on property and term loan secured by equipment
Security: Real property; manufacturing equipment and inventory
Repayment: Blended monthly payments with final payment through conventional financing
Oilfield Heavy Hauler
$2,700,000
Loan to Canadian parent to fund US rolling stock purchases and provide working capital for US based start-up
Security: Specialized heavy haul trucks and trailers
Repayment: Blended monthly payments with exit through conventional financing
Resort Properties
$5,000,000
DIP loan to fund ongoing operations during a CCAA restructuring.
Security: Real estate, time share inventory and A/R
Repayment: Exit through conventional financing
Power Generation & Distributor
$4,000,000
Loan to fund equipment purchase and provide working capital
Security: 25 generators & ancillary equipment
Repayment: Blended monthly payments with exit through conventional financing
Utility Pole and Cell Tower Manufacturers
$3,000,000
Loan to US sub of Canadian parent filing CCAA restructuring
Security: US sub’s machinery and equipment
Repayment: 3 months interest only payments followed by blended monthly payments and
final balloon payment