Daily News: January 29, 2014

DS-Concept Provides A/R Facility to Packaging Manufacturer

DS-Concept Factoring announced it provided a $20 million accounts receivable facility to a Dutch packaging manufacturer.

As the client has operations in The Netherlands and U.S. and sells internationally, euro, U.S. dollar and GBP pound sterling factoring lines were required and provided.

DS-Concept was approached by the company to provide support for their growing sales and the significant customer sales concentration in their portfolio. DS-Concept was able to work alongside the client’s existing financial arrangements, including a large syndicated credit facility, in order to augment and optimize the client’s capital structure.

“This is the kind of scenario where DS-Concept really shines,” according to John Stillwaggon, VP of sales for DS-Concept. “This new relationship is focused around a multi-jurisdiction, multi-currency facility sitting alongside a major bank syndication. We are very pleased to have the opportunity to support the continued growth and success of our newest client.”