Green Zone Capital Advisors, a capital advisory firm that helps growth-stage and middle-market companies prepare for institutional bank financing, served as an exclusive capital markets advisor on a $6.5 million interest-only working capital credit facility secured by a Midwest-based printing services company approaching $20 million in annual revenue.
The transaction consolidated four existing credit facilities into a single, streamlined working capital structure designed to support the company’s continued growth. The new credit facility eliminated a debt service coverage covenant, removed several personal guarantors, increased collateral advance rates and expanded available liquidity by more than $1 million at closing.
“As companies scale, traditional banks often evaluate credit risk through the lens of mature, predictable cash flow and covenant structures,” Stacey Huddleston, founder of Green Zone Capital Advisors, said. “That framework can constrain high-growth companies when their working capital needs and operating cycles are evolving faster than bank loan structures.”
The printing services company experienced steady growth driven by higher production volumes and evolving customer demands, resulting in increased working capital complexity. While operating performance remained strong, the company’s longstanding commercial bank relationship was no longer structured to provide the flexibility required to support its next phase of growth.
Green Zone served as the exclusive capital markets advisor, conducting full bank-style underwriting, including detailed financial and collateral analysis, and preparing a capital memo aligned with institutional credit committee standards. The engagement followed an underwriting and credit evaluation process consistent with how commercial banks review, underwrite and approve working capital credit facilities.
To support that process, Green Zone used its proprietary capital advisory platform and led a discreet, targeted lender interview process, providing the company with visibility into multiple qualified capital options and empowering management to select the lending partner best aligned with its operating model and long-term objectives.
