US Capital Partners Arranges $2.8 million Refinancing for Specialized Printing and Custom Manufacturing Business
US Capital Partners helped secure a $2.8 million refinancing for SpecPrint, a family-run printing and custom manufacturing business headquartered in Mt. Juliet, Tennessee. They specialize in printing labels for manufacturers of power equipment and appliances. They produce a wide range of other custom products, including graphic overlays, decals and nameplates, and specialty die-cut components. To support its extensive product line, they operate a manufacturing facility centrally located just outside of Nashville, Tennessee.
The small business refinancing arranged by USCP is designed to provide working capital for the company and to retire an existing line of credit and term loan. It will be used to support SpecPrint’s ongoing operations as Tennessee’s printing and manufacturing industries recover.
We are very pleased to have helped successfully refinance this business. This was a challenging situation for them, as their previous lender was looking to exit. As part of our direct lending and advisory services, we evaluated the collateral coverage and financial performance of the business, and helped arrange a partial take-out of the bank at a significant discount. Now, SpecPrint is in a stronger position with lower debt on its balance sheet, a better relationship with a new lender, and a business that has managed to retain its employees and is again working towards growth.