SLR Business Credit Provides a combined Credit Facility of $50 Million for Southern Transport LLC and Southern Lifting and Hoisting LLC
SLR Business Credit is pleased to announce the funding of two new senior secured credit facilities for Southern Transport LLC and Southern Lifting and Hoisting LLC (“Southern Group” or the “Company”). Southern Group provides transportation of specialized heavy equipment through its Southern Transport Company and crane, hauling, storage, and logistics services through its Lifting and Hoisting Company.
The tailored financing solution offers the Company enhanced liquidity and financial flexibility under an ABL construct to accommodate the Company’s growth trajectory.
“The entire process was seamless, efficient, and transparent, and I am pleased with the support and professionalism demonstrated throughout by the SLR Team”, said Anthony Zaccari, CFO at Southern Group. “I also greatly value the open access to all levels of management, which allowed for clear communication and swift resolution of any questions or concerns. The terms were clearly outlined, and the team’s dedication to ensuring a smooth experience made the process even more rewarding. I look forward to continuing our relationship in the future and we at Southern are grateful for the partnership.”
“We are thrilled to support Southern Group and begin what we believe to be the beginning of a long-standing partnership”, said Erica Galano, Principal at SLR Capital Partners. “Thomas and Jonathan Ivy along with the rest of the management team have built an impressive business that endures heavy working capital needs. As a result, SLRBC was able to customize a solution to provide the Company with covenant flexibility allowing them to scale both operationally and geographically.”
About SLR Business Credit
SLR Business Credit is a leading asset-based lender serving middle market companies and their sponsors who are looking for alternative solutions to traditional bank financing. SLRBC offers asset-based loans up to $100 million and finds ways to provide borrowers with maximum availability and flexibility. SLRBC serves manufacturers, distributors and service companies who need transformative capital. The SLRBC team brings years of leadership experience in asset-focused lending from sales, underwriting, portfolio management, capital markets and lending platforms at leading commercial banks.
SLR Business Credit is an SLR Investment Corp company; NASDAQ: SLRC.