A full-service firm, focused on fabrication and electrical services for the energy infrastructure and power generation industrial sectors, needed a flexible revolving line of credit to finance their large-scaleprojects, particularly within the midstream oil & gas and power generation segments.
InterNex Capital provided a comprehensive $10 million revolving line of credit, with a $15 million accordion, to support the client’s growth. This solution delivers the working capital necessary to support the client’s project schedules and to accommodate the financial requirements of the provider’s specialized contracts.
The client will be utilizing InterNex’s Velocity cloud platform for management of the line of credit and accounts receivable.
