CG Debt Capital Markets closed $18 million senior secured credit facilities for a forging operation located in the Southwestern U.S. The credit facilities feature advances against accounts receivable and inventory, with the NOLV advance against eligible equipment curtailing within the borrowing base over 60 months.
The borrower was acquired in February 2026 by a family office that paid cash for the purchase and provided an immediate working capital infusion to support growth. Previous ownership was in a years-long process to sell off corporate assets of a large industrial platform backed by private equity. As a result, the forging operation was in need of working capital to meet strong customer demand and growing backlog.
Since the close of the acquisition, the borrower has successfully grown revenue by ~60% and has the necessary capacity for higher monthly volume, which will result in higher revenue and profitability in the coming years.
CG Debt Capital Markets served as the exclusive financial advisor to the borrower. A U.S. based asset-based finance company served as the sole lender to the borrower.
