June 2023 – Avalon Securities Arranges $35 Million Working Capital Facility for Newly Formed Entity Bringing Jobs from Asia to the United States.
Avalon Securities Arranges $35 Million Working Capital Facility for Newly Formed Entity Bringing Jobs from Asia to the United States.
Avalon Securities Ltd. is pleased to announce the closing of a non-dilutive, $35 million working capital facility for a newly- established U.S. subsidiary of an Asian conglomerate. The parent company has an established track record of manufacturing products in over two dozen facilities throughout Asia. While they have sold many products, which include aluminum cans, to the United States for many years, current supply chain inefficiencies made for a compelling thesis to bring production onshore to North America. This new production facility is expected to create over one hundred new jobs in the United States as well as significantly reduce supply chain issues in the delivery of the parent company’s products.
"We are proud to have delivered a compelling debt product for our start-up client, particularly in the current economic environment. While the debt markets may be tightening, we were able to source a lender that was able to evaluate this thoughtful opportunity that also met their stringent credit and risk-reward hurdles. We look forward to seeing our client execute its growth plan, generate many more jobs, and expand throughout its targeted regions throughout the United States," said Kenneth Segal, Managing Director of Avalon Securities Ltd. (www.AvalonNetWorth.com).
“Avalon Securities is deeply aware of the supply chain issues that are negatively impacting the economic performance of manufacturing clients and their funding sources. However, we also believe these current economic dislocations will continue to create new opportunities for operating companies, lenders and equity investors that think creatively. I am especially delighted that our Managing Director, Ken Segal, was such an integral part of a successful transformative transaction that is bringing new jobs to the United States” added Lynda Davey, Avalon’s Chief Executive Officer.
