US Capital Partners, Bridge Arrange $3.5 Million for Consensus
Thursday, February 04, 2010
US Capital Partners, Inc. (USCP) announced that it has completed, along with Bridge Bank, a $3.5 million senior secured credit facility to Consensus Orthopedics, Inc., headquartered in El Dorado Hills, CA.
The financing facility will be used for working capital liquidity as well as other general corporate purposes to support the company's continued domestic and international growth. The new credit facility included a revolving line of credit for both domestic and international assets along with a growth capital term loan for expansion.
Consensus Orthopedics, Inc. designs, manufactures, markets and sells orthopedic implant devices worldwide.
"We have continued to turn to USCP to assist us in financing our working capital needs over the past 3 years due to their breadth of experience in asset-based lending," said Colleen Gray, CEO of Consensus, a medical artificial joint implant manufacturer and distributor. "USCP has successfully structured and financed credit facilities on our behalf that increase our capital availability while decreasing our cost of capital."
"Bridge Bank is committed to working with great partners like USCP who bring us into quality relationships such as Consensus," said Lee Shodiss, senior vice president and manager of Bridge Bank's Capital Finance Division (BCFG). "USCP did an excellent job understanding our underwriting criteria and presenting the deal in a professional and cooperative manner. USCP's initial underwriting and efficient process was critical in getting this deal closed."
"We are delighted to secure this financing facility for Consensus with our partners at Bridge Bank," said Jeffrey Sweeney, CEO and managing director of USCP. "Consensus, under the management of Colleen and her team, has successfully executed their operating plan over the last few years. It is a pleasure to serve as a co-lender to support a company's capital needs that has demonstrated great performance and consistent growth."
US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based loans for small- to middle-market companies.
Bridge Capital Holdings is the holding company for Bridge Bank, National Association.
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