Opus Bank is pleased to announce it provided:

Title: Falcon Waterfree Technologies
Amount: $5,500,000
Month: August
Year: 2014

Falcon Waterfree Technologies

Opus Bank Provided $5,500,000 in Credit Facilities to Falcon Waterfree Technologies offering greater flexibility and fewer restrictions

Overview of Transaction

  • Falcon Waterfree Technologies ("Falcon") is a leading provider of water conservation technology products for commercial, institutional, and government facilities.
  • Falcon conducts business worldwide, with offices and affiliates in more than 50 countries
  • Falcon refinanced its existing debt and received a working capital line

Significance of Transaction

  • Owners Mapleton Investments and Capricorn Investment Group, as well as executive management, desired to replace their existing term facility, which required personal guarantees and annual renewal
  • Opus Bank provided new Credit Facilities that relieved Falcon from the burden of their existing credit facility, which was cumbersome, time consuming, and restrictive
  • Enables Falcon's management to focus on running and expanding their business

Opus Bank's Role

  • Opus refinanced the company’s existing credit facility under a term structure that offered greater flexibility and fewer restrictions. In addition, the bank provided a working capital facility
  • Opus implemented treasury management solutions that reduced fees and improved Falcon’s cash management processes and systems by expediting, controlling, and managing payables

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