Large American Coal Producer seeks out Mazuma Capital in
Funding Fuel-Efficient Equipment to Enhance Production
DRAPER,
UTAH
April 2012–Mazuma Capital, leading national direct lender, today announced it
has funded $7.5M so far against an overall $9.4M commitment for a large American
coal producer.
The coal producer sought an
experienced funding source with in-depth knowledge of the mining industry. There
were many challenges present in the transaction from the type, use, and
locations of equipment to the challenges present with an evolving global coal market. There were also several factors that presented
additional hurdles with the credit due to recent growth and acquisitions. Because of these challenges the financing required
innovative structuring components along with solving the coal producer’s funding
objectives.
The company was concerned
that the cash flow of the leases needed to allow for growth initiatives and to
provide the ability to expense payments over time as new environmental
campaigns were launched. Moreover, Mazuma Capital was able to secure the
approvals and work with the company to achieve these funding objectives.
“This coal producer has a very large footprint in the
mining industry and they continue to draw upon Mazuma Capital’s unique market
positions and access to funds to propel their business forward. Through our
exclusive access to capital, and aggressive structures we’ve been able to
provide significant value year after year for this company”, said Kelly
Holladay, Account Executive at Mazuma Capital.
About Mazuma: Mazuma Capital is committed to our client’s success. Our
unique capabilities and innovative product offerings provide solutions
accelerating financial growth. Servicing both rising companies and established
businesses, Mazuma continues to secure its position as the middle-market
industry leader. We build long-term relationships by delivering on our
commitments. Mazuma co-authored the Utah Best
Practices Alliance . Mazuma Capital subscribes to
the ELFA Code of Fair Business Practices and NAELB code of ethics.
Media
Contact:
Julie
Fuchs
801-816-0800
Ext. X291
jfuchs@mazumacapital.com
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