$35m Global Asset-Based Lending Facility Consolidates Multinational Manufacturing Operations

The company faced multiple interconnected challenges requiring specialist expertise. Their fragmented capital structure across three countries created operational complexity and suboptimal funding availability, preventing them from pursuing major growth opportunities. The specialised nature of their asset base, spread internationally, demanded careful valuation and structuring expertise.

Additionally, a tornado struck their US facility just after Christmas 2024, destroying part of the operation and complicating the borrowing base assessment whilst insurance claims were processed. The existing multi-lender structure was fundamentally unsuitable for a business of their scale and ambition, failing to leverage their substantial asset base effectively whilst creating unnecessary operational friction.

FBX Capital conducted a comprehensive borrowing base analysis across all jurisdictions to determine optimal facility sizing and structure. We prepared detailed proposals for our specialist cross-border lender panel, including private credit funds and established international banks. Throughout the process, we managed credit committee presentations, coordinated international asset valuations, and navigated the complexity of the tornado-damaged facility assessment.

Our competitive tender process generated multiple term sheets, enabling detailed analysis and recommendations tailored to the client's specific requirements. We ultimately secured a sophisticated global Asset-Based Lending facility through White Oak, combining term loan elements secured against machinery and property with revolving credit facilities based on inventory and trade debtors.