Opus Bank is pleased to announce it provided:

Title: AFC Trident
Amount: $10,525,000
Month: December
Year: 2014

AFC Trident

Opus Bank’s Commercial Banking division provides $10,525,000 in debt financing to AFC Trident, Inc.

Overview of Transaction

  • AFC Trident Inc. (“AFC Trident”) is a leading supplier of rugged, lifestyle, and business smart phone and tablet cases.
  • AFC Trident’s majority owner wanted to buy out a minority owner’s shares, and used debt financing to fund this event.
  • AFC Trident also needed working capital to support continued strong growth.

Significance of Transaction

  • Opus Bank provided a term loan to fund the buyout of the minority investor.
  • Opus Bank provided a revolving credit facility to support AFC Trident’s growth in 2015 and beyond.
  • Opus Bank refinanced one of AFC Trident’s buildings at a lower cost than their previous financing, freeing up cash flow to support the company’s growth.

Opus Bank's Role

  • Opus Bank worked quickly to underwrite and fund a complex multi-facility financing for AFC Trident within 6 weeks of receiving a signed LOI.

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