Phoenix serves as financial advisor and arranges the debt and leases to refinance the existing credit facility. Phoenix’s involvement with the company resulted in more than 300% in growth.
The Company was a $10 million privately held Direct Mail Packaging Company based in New Jersey.
The Company had recently been purchased out of bankruptcy by its management team. The Company retained certain pre-existing tax obligations and was facing difficulty serving its debt load and tax obligations. The Company needed to improve its capital structure and develop a business plan to return to profitable growth.
The Company engaged Phoenix to assist it in several ways over a period of almost five years. Initially Phoenix refinanced the Company with a more supportive lender. Phoenix also advised the Company in evaluating a number of acquisitions and the potential sale of the Company. During the period of Phoenix’s involvement with the Company, it has grown more than 300% and is very profitable.
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