NorthView Advisors closes a working capital facility for Conexus Metals, LLC.
December 4, 2020
NorthView Advisors LLC (“NorthView”) is proud to announce the closing of a working capital facility for its client, Conexus Metals LLC (“Conexus”) for an undisclosed amount. Proceeds from the facility will be used to finance Conexus’s metals trading business and provide ongoing working capital growth financing.
“There were a lot of complexities to the transaction,” said JT Schroeder, Managing Director of NorthView. “We’re always excited to get the opportunity to pair up clients with investors whose culture is very similar. That was certainly the case here. Congratulations to both Conexus and the lender in closing this transaction and beginning what we feel will be a successful, long-term relationship between two great firms.”
“The NorthView team delivered everything we could have asked for,” said Mark Teroerde, President of Conexus. “Despite a nearly impossible situation for a newly founded, 2-year-old trading company, in a global economy and financial markets crippled by the pandemic, these guys got it done. It was a tall task given all of the macro-, micro-, and to some degree, the company-specific variables, but NorthView got us the deal we needed when we needed it and we couldn’t be happier.”
Klaudio Nikolla, First Vice President of the lender added, “it was a real pleasure working with JT and NorthView. JT was hands-on from start to finish and made it very easy for us as lenders. We all benefitted from their experience.”
Douglas Waldorf from Dentons Cohen & Grigsby P.C. provided legal counsel to Conexus and Peter Lahny from Emmet, Marvin & Martin LLP represented the lender in the transaction.