The Scenario: An independent waste management owner/operator had recently concluded a recapitalization of his business designed to position it to grow via acquisition with an eye to an eventual sale. His lenders in the recap, a major bank, had imposed covenants that limited distributions to him until the business achieved certain free cash flow thresholds. Although reasonable, these covenants served as a potential constraint on his ability personally to fund several related technology and resource investments.The Deal: NYPF structured a personal loan against his illiquid equity which provided the medium term flexibility he needed.The Results: The loan to the owner/operator allowed the company to pursue its acquisition strategy, while the entrepreneur captured the upside of technological innovation – all of which served to improve investment diversification and to increase the pace his of wealth creation.We welcome the opportunity to speak with you.Please call our office or send us an email. Contact Us