Gulf
Atlantic Capital Provides Operational Restructuring and Capital Sourcing Services for Textile Manufacturer.
LaGrange, Georgia
$11,200,000
Gulf Atlantic
Capital acted as investment banker to the company to secure working capital, real estate and industrial revenue bond
facilities.
Gulf
Atlantic Capital Provides Operational Restructuring and Capital Sourcing Services for Textile Manufacturer.
Gulf Atlantic Capital was retained by Kleen Tex Industries to evaluate the Company’s operations and assist the Company in refinancing its term debt and working capital loans.
Developed an operational assessment of the Company and presented the analysis along with specific recommendations for restructuring operations to the Company’s board of directors.
Negotiated a forbearance agreement with the Company’s lenders to give the Company the time needed to implement the operational changes.
Refinanced the Company’s operations, including a combination of industrial revenue bonds, term debt and working capital financing.
