TAMPA, FL – MAY 7, 2024 — Essex Capital Group, Inc. (“Essex”), announced today that the firm recently arranged a $30,000,000 term loan facility in support of a family estate plan (the “Financing”). The debt was collateralized by rural farmland, with proceeds funding the life insurance premium on a policy to cover estimated future estate tax liability.
Fred Beilstein, Essex Managing Director said, “We were able to work with the family and its representatives over a period of several months to successfully place this debt facility. Given the challenging credit environment and raw land as collateral, arranging this deal is yet another example of Essex’s deep expertise in securing debt capital for small and mid-market companies.”
Essex Capital acted as the exclusive financing consultant and advisor for this transaction.
About Essex Capital
Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $1.3 Billion for 140+ corporate finance clients.
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