Restoring Stability. Rebuilding Flexibility.

Nº 018

Financing Breakdown

Risks

Challenged profitability in recent years driven by a failed geographic expansion, cyclical end markets, and macroeconomic volatility

Scenario

Turnaround

Industry |

Manufacturing

Key Challenges

Exposure to macroeconomic volatility

Cyclical end markets

Challenged financial results

Loan Type

Revolver & Equipment-Backed Term Loan

Outcomes

Full Payout

Proceeds on the refinancing provided for a full repayment to existing operating company lenders, a partial paydown on a mortgage, and a restructuring and securitization of a private lender.

Improved Liquidity Position

Provided enhanced working capital flexibility and additional runway for the operational turnaround.

Lender Type

Private Credit

Bank

Result |

A structured reset, backed by disciplined asset-based lending and a clear path forward

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Overview

The Outcome

Diamond Willow structured and facilitated a $12.5 million debt solution to repay incumbent operating lenders, provide a partial lump sum repayment to a mortgage lender, and reposition the Company for long-term recovery.

The borrower is a leading provider of helicalpile fabrication and installation services, delivering end-to-end solutions including manufacturing, engineering & design, installation, and project management services. When existing operating lenders sign a led their intent to exit the relationship, the company was referred to Diamond Willow by its special loans manager to develop a refinancing strategy.

Diamond Willow built a credit thesis anchored in asset coverage and operational repositioning. The financing structure paired an asset-based revolver with an equipment-backed term loan, aligning the capital structure with the Company’s collateral base.

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Testimonial

I have worked with many professionals over the course of my diversified career, and I was genuinely impressed by the persistence and resolve Diamond Willow brought to this mandate. Our deal was challenging and could have easily fallen apart.

The team at Diamond Willow never gave up.

They were tenacious in their pursuit of options, diligent in understanding our numbers and telling our story and constantly working on our behalf. Diamond Willow kept pushing when the path forward was far from clear. Their team helped deliver a solution that gave our business stability, liquidity, and a real opportunity to move forward.

Diamond Willow worked tirelessly to ensure the completion of our financing and made a difference in the future of our business!

The Challenges

Cyclical nature of construction and exposure to economic and political factors
Elevated leverage relative to cash flow
Challenged profitability in recent years
Complicated capital stack with four lenders involved

Risk Mitigants

Strong tangible security package with highly marketable fixed assets and liquid A/R and inventory supporting a scalable ABL structure
Ongoing transition toward greater product manufacturing, reducing exposure to installation-driven cyclicality and macroeconomic volatility

The Outcome

Diamond Willow successfully arranged a $12.5 million ABL financing that fully repaid operating lenders, provided a partial lump sum repayment to a mortgage lender, injected an additional >$1 million of incremental working capital, avoided a costly liquidation process, and preserved jobs, customer relationships, and firm value. What could have been a distressed wind-down became a stabilized platform with renewed liquidity and flexibility. The result was a structured reset, backed by disciplined asset-based lending and a clear path forward.

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