Aequum Capital Provides $7.3MM Asset-Based Revolver and Term Loan to Texas Manufacturer

Aequum Capital closed a $7.3 million credit facility for a Texas-based manufacturer that develops and manufactures specialty nonwoven product solutions for the automotive, industrial and consumer markets.

The company needed to refinance its existing debt away from its current bank lender and Aequum provided a solution that refinanced the bank line of credit and allowed access to additional capital in support of equipment purchases and growth initiatives.