Concord Financial advised Netcom in acquiring $7.545 million in secured credit facilities.

These funds included a $5 million revolving line of credit, a $2 million real estate mortgage and a $545,000 equipment term loan in order to refinance existing debt and support working capital.

Concord identified the most appropriate senior lenders for the company and prepared a detailed memorandum summarizing the key aspects of the company, coupled with setting up a data room with all pertinent information for select lenders.

RF and microwave technology manufacturer Netcom were able to achieve its objective of obtaining an attractive financing structure with a local bank that could support its senior debt needs.

“Working with Concord Financial Advisors allowed us to not only meet several lenders whom we did not know, but also allowed us to run our business while Concord found us ‘the right lending partner’ who understood our business and met all of our refinancing objectives,” said Donald Arrington, Netcom controller. “Concord saved us a lot of valuable time and they negotiated a very favorable transaction for us too. We are very pleased with our new lender and with Concord’s results.”