DRAPER,
UTAH
The power provider sought a knowledgeable funding source
with the ability to provide a solution to a complicated transaction. In order
to comply with state environmental standards the company needed to condition
their waste into coal fly-ash before depositing waste in state landfills.
The company was set up as a multi-layered organization
with disparate corporate entities having varying degrees of ownership. Due to this structure and the difficulties it
posed, the incumbent bank for the power provider passed on providing financing
for this equipment, in spite of the fact that the company has excellent credit.
The additional challenge was financing almost 50% of “soft costs”, to include
labor and installation along with a blanket UCC filing that would not
subordinate.
After navigating the review of several of the company’s
opaque organizational charts, the risk factors, and equipment, Mazuma agreed to
fund this transaction.
“This power producer had a very unique set of
complications that we were able to work through. Our team was innovative and
methodical in our approach to the deal, which ultimately provided the terms in
the manner the company needed. It is transactions of this nature that really
spotlight the unique funding abilities Mazuma has within the industry”, said
Jared Belnap, CEO and President 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. X291jfuchs@mazumacapital.com
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