Financial Services

How a $600 Million Telescopic Tractor Company Raised a $60 Million Line of Credit in Three Months

Having your CFO leave abruptly is never good. Having it happen while you are in the middle of trying to raise a $60 million line of credit ahead of selling the business is, to say the least, poor timing.

The company needed help obtaining the line of credit and also fixing cash flow issues so that the sale could go forward as planned. This was on a tight deadline to ensure the sale. Within three months, they had $60 million and the sale provided good ROI to the shareholders.

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