Culver Capital Investment Banking

Culver Capital closes $8,000,000 mezzanine debt transaction.


Culver Capital closed an $8,000,000 subordinated debt transaction for a Southern California based Client. Culver contacted several subordinated debt investors and secured 5 term sheets within 2 weeks.  After narrowing down the list to three term sheets, the company met with the top three lenders and decided to move forward with one investor based on a combination of pricing, structure, investor flexibility and personal chemistry.  The investment was structured as a 5 year note with 12% current interest, 2% PIK interest and warrants.  This structure allowed the owner to receive a one time dividend from the Company of $6,500,000 without giving up significant equity in his Company.