NEW YORK,
Nov. 20,
2024 /PRNewswire/ -- TerraNova Capital Equities, inc.
(TerraNova), a leading financial advisory firm, is pleased to
announce that its Structure Finance Group acted as sole advisor on
three recent transactions:
TerraNova Structured Finance Group acted as
the sole advisor to Danimer Scientific, Inc. (NYSE: DNMR) on a
$20 Million revolving credit
facility.
TerraNova is pleased to announce its role as the
exclusive advisor to Danimer Scientific in securing a strategic ABL
agreement with Mountain Ridge Capital. This $20 million facility, collateralized by the
Company's accounts receivable and inventory, will provide critical
financing to support Danimer's continued growth, enhancing its
position as a leader in the renewable plastics industry.
TerraNova Structured Finance Group acted as
the sole advisor to Inuvo, Inc. (NYSE American: INUV) on a
$10 Million financing.
TerraNova acted as the sole advisor on a
$10 Million financing for Inuvo,
a leading marketing technology provider. This new financing,
arranged with SLR Digital, is aimed at supporting Inuvo's continued
growth and operations, accelerating the adoption of its large
language generative artificial intelligence, which enables audience
discovery and targeting for its clients without consumer
tracking.
TerraNova Structured Finance Group acted as
sole placement agent for a $15
Million lender finance facility for Flow Capital
Corp.
This lender finance facility provides Flow
Capital with additional capacity for their successful venture debt
portfolio. Acting as sole placement agent, TerraNova was able
to source cost effective financing, while maintaining generous
leverage for our client.
"I am very proud of what John Burns, head of our ABL effort, has
accomplished over the past few months" stated Todd Coffin, Senior Managing Director of
TerraNova, "He has increased both the volume and quality of
financings being completed for TerraNova's clients in the ABL
sector."
"Our focus on public companies, as well as
private companies with quality reporting, along with our continual
refinement of our underwriting standards has generated broader
options for our clients and faster growth for TerraNova in the ABL
sector", stated John Burns, Director
of the ABL program.
About TerraNova Structured Finance:
TerraNova's Structured Finance Group focuses on
debt financing and capital structure advice for middle market
companies requiring refinancing, growth capital, lines of credit
and structured and flexible debt facilities. The bankers in
the Structured Finance Group have decades of experience in
financing middle market transactions, providing debt structures
that meet the needs and pricing requirements of their clients in a
timely manner. For further information, please visit our website:
www.terracap.com.
CONTACT: John Burns,
jburns@terracap.com
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SOURCE TerraNova Capital Equities, Inc.
