LANDesk Software
$15 million
Overview
Large privately held flat bed trucking company. Provides services to building material, steel, pipe and agricultural industries.
Challenge
Company’s former facility with major national lender was maturing and they did not want to renew.
Solution
SLR Credit Solutions partnered with Cole Taylor and provided a $12 million FILO tranche in the revolver with a 1st lien collateralized by current assets. SLR Credit Solutions also funded a $4.7 million 1st lien real estate loan backed by the company’s owned real estate.