Client is a lithium battery manufacturer who is seeking a refinance of $6-8.5 million in senior secured debt. Assets include $1.5MM in AR, $5MM in inventory and $2.5MM in fixed assets. $37MM in revenue in 2023 and lost money due to COGS increase (now stabilized) and projecting break-even for FYE 2024. Client is open to loan/equity combo scenarios.
Jul 05, 2024