Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6 million asset-based lending (ABL) facility for an industry leading, full service domestic and international mail service provider. The facility includes an accounts receivable revolver and a term loan secured by equipment.
The private equity-owned company was seeking a lending partner that could provide a more flexible refinancing solution for its existing debt structure, along with an asset-based loan product to support its restructuring and growth initiatives. The opportunity came as a direct referral from the company’s existing bank, which recognized that AFS could deliver the specialized lending solutions the company required.
“It was a pleasure working with such a motivated and diligent ownership group and its operating entity. Their collaboration was instrumental in achieving a smooth closing and meeting the exiting bank’s timeline,” said Jason Anish, President & CEO of Austin Financial Services. “At AFS we pride ourselves on delivering financing solutions that empower owners and management teams to run their businesses effectively and execute their long-term growth strategies.”
