Foothills Capital funded a $5 million accounts receivable revolving line of credit for a PE-backed telematics company that provides electronic hardware and software solutions to the trucking and logistics industry. The facility provides the liquidity and flexibility the company needs to complete its transformation integrating operations of three acquisitions and to execute its growth plan. Foothills Capital led the process from lender outreach to negotiation and closing.
Forward for Specialty Finance
Foothills Capital Advisory Secures $5MM Working Capital Facility for Telematics Company
The facility provides the liquidity and flexibility the company needs to complete its transformation integrating operations of three acquisitions and to execute its growth plan. Foothills Capital led the process from lender outreach to negotiation and closing.
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