Marwin

Marwin

Marwin Tecum Capital Partners, L.P. (“Tecum”) has partnered with Management and Validor Capital (“Validor”) to acquire The Marwin Company, Inc. (“Marwin” or the “Company”). Founded in 1947 and based in West Columbia, South Carolina, Marwin is a leading manufacturer of attic ...
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Loan Covenants Explained

Loan Covenants Explained

When a lender makes a loan they typically ask the borrower for “covenants” to protect their position. A loan covenant is simply a promise by the borrower to the lender to help set expectations and guide future behavior. They are generally classified as either operational or financial and ...
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How a Hot M&A Environment Affects Mezzanine Debt *

How a Hot M&A Environment Affects Mezzanine Debt *

Over the past year, and even more so in recent months, the middle-market mergers & acquisitions (“M&A”) environment has been characterized by heavy deal activity with abundant debt levels and upward valuation pressure.  Average Total Enterprise Value / EBITDA (“Purchase Price ...
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Viking Plastics

Viking Plastics

Viking Plastics, Corry, Pennsylvania The C.E.O. of this Corry-based plastic injection molder contacted F.N.B. Capital Corporation to provide a portion of the funding necessary to purchase this company from its corporate parent, a U.S.-based plastics conglomerate. Actions The mezzanine debt ...
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AlturnaMats

AlturnaMats

AlturnaMATS, Titusville, Pennsylvania The General Manager of this Titusville-based manufacturer of ground protection mats and related products contacted F.N.B. Capital Corporation to facilitate a management buyout of the company from its existing owners. Actions The funding provided by F.N.B. ...
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