An Independent Sponsor sought financing for an LBO of a small company (<$50MM annual rev) with high capex requirements.

The underlying business is asset heavy, so CAPX structured an ABL to be provided by banks, supplemented with a bifurcated TL to be provided by direct lenders

Despite the challenges posed by this particular deal, CAPX was able to secure 5 term sheets in 5 business days, enabling the sponsor to compete for deal exclusivity