2-18-2016
Client/Industry:
A global wholesale distributor of petroleum and petroleum products and active bunker fuel trader in the Americas, West Africa, Europe and Asia.
Situation:
The Company’s lender was not providing sufficient working capital and with the fluctuations and uncertainty of the oil industry, they were looking for a new lending partner.
TFS Solution:
A $10 million asset-based lending facility that will support seasonal requirements and enable the Company to take advantage of growth opportunities.