LSQ Provides $5MM Facility to Metals Recycler

LSQ, a provider of working capital solutions, originated a $5 million facility for a European metals recycler entering the U.S. market.

The facility will help address the rising demand for metal alloys, allowing the business to purchase property and processing equipment while offsetting cash flow gaps created by an average DSO of 83 days.

“This is a highly anticipated foreign direct investment deal (FDI) that will create jobs and provide a boost to the local economy,” Emily Lebron, senior underwriter for LSQ, said. “We’re excited to have a significant role in helping this business expand their operations stateside for the benefit of U.S. workers and domestic companies in need of their services.”