Tradewind Finance has provided a $15 million credit facility to a 75-year-old manufacturer headquartered in Europe with a subsidiary in the USA. The company sells globally and is using the facility to support 120-day open account payment terms.<\/p>\n
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The deal took shape after the client was pressed to extend longer payment terms to a major buyer of theirs. The buyer previously had a vendor finance program in place that arranged for early funding to the client and other suppliers. When the program was discontinued, however, the company needed a quick solution to create cash flow so it could support the longer terms.<\/p>\n
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Tradewind is providing full turnover factoring of the client\u2019s sales as part of a carve out from the parent company\u2019s European bank syndication. The financing provided the working capital necessary for the client to continue to win the orders of their large-scale customer, and support their business overall. Tradewind\u2019s similar company structure, namely European headquarters and a branch stateside, made it the preferred partner who understood the dynamics and regulations of the business from both sides of the Atlantic.<\/p>\n
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\u201cWe are pleased to announce the closing of this significant new facility. The industry, locations, and structure of the deal made Tradewind a great fit for this client,\u201d states John Stillwaggon, CEO of the Tradewind Americas.<\/p>\n
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Tradewind (formerly DS-Concept) maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s exporters and importers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tradewind Finance has provided a $15 million credit facility to a 75-year-old manufacturer headquartered in Europe with a subsidiary in the USA. The company sells globally and is using the facility to support 120-day open account payment terms. The deal took shape after the client was pressed to extend longer payment terms to a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97,95],"tags":[],"class_list":["post-2048","post","type-post","status-publish","format-standard","hentry","category-case-studies","category-deal-announcements"],"yoast_head":"\n