Daily News: June 19, 2012

US Capital Arranges $2.4MM Term Loan for Green Parts International


US Capital Partners, LLC has arranged a $2.4 million term loan secured by real estate and equipment for Green Parts International, Inc., headquartered in Atlanta, GA.

“Green Parts approached US Capital Partners to help refinance existing business debt and fund the company’s growing working capital needs,” said Jeffrey Sweeney, CEO and managing director at US Capital Partners. “By creating an optimal financing structure for Green Parts that appreciated the company’s unencumbered collateral and real estate, US Capital Partners was able to maximizing availability for the company through a comprehensive $2.4 million term loan. We are delighted to have assisted this expanding Georgia-based business.”

Green Parts International, Inc. is a recycler of automobiles and appliances, and supplies raw materials to manufactures in the United States, China, Korea, and India. By utilizing state of the art recycling equipment, Green Parts salvages and reclaims raw materials, such as steel, aluminum, and copper.

US Capital Partners is a private investment bank, direct lender, and lead debt and equity financial participant and arranger that specializes in structuring and providing the best available financing for small to middle market companies.