Loeb Term Solutions announces the successful closing of a cross-border, industrial equipment financing transaction for a manufacturing production line in Tijuana, Mexico.
“Our goal is to provide the client with the best options for their financing needs,” stated John Hagist, CFO of Loeb. “Regardless of the equipment is in the US or Mexico or if they want the transaction denominated in US Dollars or Pesos we can provide a solution.”
A U.S.-based manufacturing client with production facilities in Mexico was looking to leverage its assets for a plant expansion. Both new and used equipment was acquired in the U.S. prior to shipment to Tijuana. New equipment was also installed directly in the client’s Tijuana facility.
A successfully structured multi-stage, $2.5 million U.S.-dollar denominated, equipment financing solution consisting of a sale-leaseback of the used machinery and an operating lease of the new equipment was provided to the client in order to expand their Mexican production facility and meet the growing demand for its products.
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