Whitehorn Merchant Capital Inc. (“Whitehorn”) advised GN Corporations Inc. (“GN”) on its raise of $13MM of short-term debt to fund working capital needs and refinance expiring debt & capital leases.
GN is a family-owned tier one CNC machining & manufacturing company serving the energy, automotive, aerospace, defense, technology and agriculture sectors. The demand for GN’s products has been growing and GN required more flexibility to meet working capital demands in both Canada and the U.S.
To address the situation, Whitehorn marketed the opportunity to numerous private and commercial lenders and successfully delivered multiple term sheets from various non-traditional Canadian and U.S. lenders with varying structures and terms. Whitehorn represented GN in negotiating a competitive and agreeable facility with Pillar Capital.
