A full-service marketing firm, based in the Midwest, required a flexible working capital solution to refinance its traditional bank facility, accommodate existing subordinated debt and support ongoing operations and future expansion without disrupting relationships with its enterprise clients.
InterNex Capital provided a comprehensive $6 million non-notified revolving line of credit, secured by accounts receivable, to support the client’s growth trajectory and long-term scalability. This covenant-light solution replaces restrictive bank financing and delivers increased liquidity and operational flexibility, allowing the client to maintain its existing capital structure while continuing to invest in expansion initiatives.
The client will be utilizing InterNex’s Velocity cloud platform for real-time management of their line of credit and accounts receivable.
