SSG Capital Advisors served as the investment banker to Revere Copper Products in the expansion of its asset-based credit facility from $150 million to $207.5 million. The upsized credit facility was led by the company’s long-time lender Wells Fargo Capital Finance. The financing provided incremental availability to support Revere’s continued growth.
The company sought to upsize its existing credit facility to support continued expansion and incremental working capital needs, driven by rising demand for domestically produced copper products stemming from global electrification trends, domestic data center expansion and favorable tariff dynamics.
To optimize terms of the expanded loan facility, SSG conducted a targeted financing process. SSG assisted Revere in negotiating and securing a $207.5 million asset-based credit facility from a syndicate group led by Wells Fargo, with participants KeyBank and M&T Bank. The expanded facility includes a dedicated capital expenditure line to support the company’s future growth initiatives.
Other professionals who worked on the transaction include:
- Charles J. Sullivan and Savanna P. Klinek of Bond, Schoeneck & King, counsel to Revere Copper Products
- Valerie S. Mason, David J. Impastato and Gillian M. Deery of Otterbourg, counsel to Wells Fargo Capital Finance
