$22.5m – Group Funding restructure Commercial and Consumer lending

$22.5m – Group Funding restructure Commercial and Consumer lending

$22.5m – Group Funding restructure Commercial and Consumer lending

Service

Business & Corporate Finance

Client

Industrial waste Operator

Location

Melbourne Vic

The Challenges

Traditional family run business had begun implementing plans to strategically grow their operations and required general advice on capital structuring.

In additional one director had simultaneously acquired a luxury holiday home as well as a new Owner Occupied PPR which required consumer funding and a requirement to draw on substantial equity held in existing residential assets to provide 100% debt funding towards the purchases.

$22.5m – Group Funding restructure Commercial and Consumer lending

Our Solution

EMK Thomas put together a Debt restructure strategy in place and began liaising with existing major bank financier to achieve all the customers requirements, which also included a structured approach to ensuring compliance with circa $6m of existing Commercial funding lines.

The solution was focused at providing the clients with access to debt immediately for funding solutions associated to personal investment activites, whilst also ensuring that the Business’ growth plans could be achieved through Debt and equity availability.

Clients Result

EMK Thomas was able to provide multiple successful outcomes to the client group including:

- Restructure $3.5m of existing consumer lending facilities which also implementing significant interest rate discounts to existing and new limits,

- Simultaneously release and make available at call a substantial amount of equity to the directors from contribution towards the business capital requirements as they arise, and

- Undertake an interest rate review and commit existing financier to reduce interest rates associated to $6.0m of existing Commercial lending made up of Commercial Property limits, working capital and Equipment finance leasing,