Question
Use the info below to identify 3 potential lenders that would be interested in the project, include your reasonings. You must also identify a point
Use the info below to identify 3 potential lenders that would be interested in the project, include your reasonings. You must also identify a point person that would be particularly interested in the deal. You need to include your contacts email address (no info accounts). After identifying three lenders and three point persons draft an email to send to your contacts. No need to draft three different emails, simply draft an email for one of your contacts. Your email should be written in a formal manner, you may want to include the following: a project summary, reasoning why you think the project would be an ideal fit for them and how much you are looking for.
Project Resource: Our team is working with a client within the Natural Resources industry that is in need of short-term capital to bridge a larger/longer-term capital raise. Our client is a 30-year-old Kentucky-based, natural resources company that primarily extracts and distributes industry-grade Met Coal and specialty coals such as Blue Gem from three company-owned mines with proven reserves of coal. Pre-covid annual sales have typically surpassed $20 million and now the company is preparing for an acquisition and putting in place additional expansion strategies.
The company is seeking to raise up to $20 million for a performance bond and working capital. The loan can be collateralized by equipment, inventory, and other physical assets as well as the companys burgeoning sales pipeline and certain restricted cash assets.
Key Consideration: Collateral type (heavily supported by inventory); Lender type (ABL); Speed (Need to close relatively quickly); Industry Experience: Needs to have underwritten coal transaction in the past (w/ a preference for Met & specialty coal).
Examples of lenders that are a fit for the deal, include but are not limited to: Resource Capital Funds, Orion Energy Partners & Rock Elm Capital Management
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