Sunflower Bank’s Structured Finance Group provided senior debt financing to support the recapitalization and growth of American Alloy. The transaction closed in November 2018.
Sunflower provided the financing in conjunction with an equity investment in American Alloy by private equity firm Silver Peak Partners and a subordinated debt and equity investment by Detroit’s Peninsula Capital Partners. Sunflower Bank also provided American Alloy with additional liquidity through a revolving line of credit and capital expenditure draw facility in support of the company’s future growth.
“We’re pleased to have worked with Silver Peak Partners and Peninsula Capital Partners to meet American Alloy’s debt financing needs. The Sunflower Bank Structured Finance Group is excited to be open for business and ready to create partnerships with leading private equity firms around the country,” said David Harper, managing director of Leveraged Finance at Sunflower.
Based in Spokane, WA, American Alloy is a custom manufacturer that produces, finishes and assembles metal and composite parts and components for original equipment manufacturers of industrial machinery and equipment.
In addition to manufacturing, Sunflower Bank’s Structured Finance Group has broad experience across multiple industries.
Based in Denver and operating as Sunflower Bank, First National 1870 and Guardian Mortgage, Sunflower Bank provides financial solutions to the individual communities it serves across six states.
The bank’s Structured Finance Group launched in June 2018 with a core team of experienced industry leaders. It provides corporate finance services to clients and prospects with borrowing needs of $5 million to over $20 million. In addition to manufacturing, the group has broad experience across multiple industries.
