$29.5M Bridge Loan Facility for a Canadian-Based Global HVAC Equipment Manufacturer
Originally engaged in August 2015 as part of a strategy to buy-out a financial investor, a window of opportunity opened in late November to not only buy-out the investor but also to refinance its high-interest-rate senior indebtedness. The wrinkle was that it all needed to be completed by the end of 2015. Geoff Morphy, who led the corporate finance team, reacted quickly. They worked with the client and an experienced bridge lender to arrange financing that closed successfully in December 2015.
Debt Refinancing & Succession-Based Equity Sale of a Tier-Two Auto-Parts Manufacturer
Farber has had a four-year ongoing advisory mandate with a tier-two auto-parts manufacturer in which it helped, on annual basis, to arrange new and/or expanded debt facilities to support growth. As part of its latest production expansion capabilities in the US, an opportunity arose to seek expansion capital and to address the desire of one of its founding shareholders to sell his equity interest and reduce his daily involvement with the company. Over the years, Eric Klein and Geoff Morphy have worked closely with the founders of the company. Both the equity and debt transactions closed successfully in October 2015.
$20.9M Bridge Loan Facility for a Clean Energy Investment Fund
Farber has been working closely with the senior management team of a clean energy producer and developer. Due to the timing of construction activities and various opportunistic acquisitions, the company required emergency financing to fund its acquisitions and construction draw schedule over several months while it arranged long-term financing facilities. The corporate finance team, led by Geoff Morphy, worked closely with the senior management, legal counsel, and the bridge lender to close the transaction in the spring of 2015. The bridge facility was successfully repaid and retired in October 2015.
* Farber Corporate Finance is a division of Waverley Corporate Financial Services Ltd., a registered Exempt Market Dealer.