Battery Manufacturer, Canada, EUR 5 Million

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Battery Manufacturer - Canada

Client

The client is a manufacturer of various types of batteries, based in Toronto, Canada.

Scenario

The client is seeking a year one Credit line of $3 million (~up to $5m year two with expansion],with the funds drawn down based on the payment schedules to their suppliers compared to their receivables from their clients/retailers.

Solution

Wealthbullet arranged a funding of Euro 5 million in the form of revolving debt for trade finance.

EUR

5 Million

Country

Canada

Sector

Energy

Sub-sector

Batteries

Deal Type

Trade Finance

Structure

Debt

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