A Beckway Partner recently served as Interim CFO of the finance arm of an $800M technology service company, achieving remarkable results:
• Refinanced $25M maturing credit facility without need for balloon payment.
• Created new liquidity source from $10M annual advance on service contracts contained within portfolio.
• Provided critical liquidity to parent company.
• The finance unit’s profitability went from a $2M annual loss to break even, creating the ability to finance new deals.
• Funded $35M in new customer investments and enabled growth of parent company.
For more information on Beckway’s finance practice, contact Senior Partner and Practice Lead, Todd Brents, at tbrents@beckway.com.
