- Case Studies
Altrec Inc
Client:
Altrec inc.
Company Type:
Outdoorwear Designer
Loan Amount:
$ 1,300,00 USD
Location:
Oregon
Altrec Inc
This Bend Oregon sportswear company needed an infusion of growth capital to finance rapid expansion on their high end sportswear brand.
Opportunity
CBC Partners met with the company, and after a productive due diligence process offered a senior secured loan, with a 2 year duration to meet their bridge financing needs. The customized terms featured a premium rate and a senior position on the clients balance sheet, meeting CBC’s loan parameters.
Results
CBC Partners, Fund I was able to provide growth capital to this talented management team when it was needed for market expansion. The client performed as planned allowing CBC to optimize value through financial backing and expertise.
Duration
The 24 month loan was paid and closed in month 26 of the agreement
Collateral
Senior Secured Loan backed by a 1.4X Collateral Agreement.
IRR
This loan was successfully closed in 2012, delivering a 13.8% IRR for CBC Partners, LLC Fund I.
Impact
Both CBC and their client, Altrec Inc. prospered from this key financing, and the company was later acquired through a successful exit for its founders.
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Altrec Inc
Altrec Inc
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