Phoenix Capital Resources, a middle market special situations investment bank, acted as the exclusive financial advisor and investment banker to Kalas Manufacturing in arranging, structuring and negotiating a $33.6 million loan package with Wells Fargo.

The financing consists of a $25 million senior secured revolving credit facility, a $3.6 million term loan secured by the company’s existing machinery and equipment and a $5 million facility for future capital expenditures. The proceeds from the refinancing will be utilized to repay existing indebtedness and to fund ongoing working capital needs and capital expenditure projects.

“We are delighted to be partnering with the team at Wells Fargo,” noted Jack Witwer, Kalas’ President and CEO. “They impressed us at every step during the diligence process with their thoughtful questions and creative approach.”

Robert A. Kinne, SVP of Wells Fargo Capital Finance noted, “We are thankful to have been awarded this opportunity by Phoenix and Kalas. Underlying any successful deal execution, as was the case here, is a solid underlying company, high quality management throughout, and extremely facilitative advisors (Phoenix). We are confident that this well-choreographed closing process has established a strong customer relationship for the long haul.”

Lancaster, PA-based Kalas is a vertically integrated manufacturer of bare and tinned copper wire, insulated electrical wire and cables, and custom cable assemblies