Cerebro Capital raised a $5 million asset-based facility for the manufacturer of innovative medical devices based in Texas. As an emerging orthopedic business with a strong growth curve, the company was outgrowing its current bank facility and the existing lender wasn’t comfortable expanding available credit. Matching credit need with credit appetite, Cerebro was able to take the opportunity to the credit markets in less than a week, generating multiple term sheets shortly thereafter. Balancing flexibility, cost and capacity, the borrower closed with a lender in Cerebro’s network and now has the capital available to support its growth plans.
In a second transaction, Cerebro Capital was engaged by a private equity sponsor to secure a $9.5 million senior facility for the acquisition of a long tenured architectural glass business in Pennsylvania. Cerebro, through the efficiencies of its digital lending marketplace, was able to secure multiple term sheets in under two weeks. After review, the sponsor and management chose a lender with both the most favorable terms and with a non-dilutive structure.
