InterNex Capital has announced a $4 million senior secured financing facility to a long-tenured and well-established NYC-based provider of plumbing and sewer services. The company needed an innovative and flexible lender with deep industry knowledge to provide growth capital.
The financing package, which includes a $2.5 million revolving line of credit and $1.5 million term loan, facilitated a recapitalization and ensures the company will have the necessary capital structure to take on larger municipal and private projects, while maintaining operational excellence.
The client will be utilizing InterNex’s cutting-edge Velocity™ cloud platform for user-friendly and real-time management of their line of credit and accounts receivable.
