Opus Bank’s Commercial Banking division provides an asset-based line of credit and equipment financing to High Speed Interconnects, LLC
Overview of Transaction
High Speed Interconnects, LLC (“HSI”) is a designer, extruder, and manufacturer of high-performance micro coaxial and coaxial cable assemblies.
HSI is one of a few global manufacturers extruding both its own coaxial cable, proprietary expanded PTFE (“ePTFE”) called VP90 and terminating circular and micro coaxial cable connectors down to 0.3 mm pitch, and fine-wires down to 0.175 mm pitch.
HSI was looking for a strategic financial partner that recognized its potential and supported its global customer demand.
Significance of Transaction
Opus Bank (“Opus”) provided a working capital line to facilitate working capital needs and support the strong growth of the borrower.
Opus also provided equipment financing to allow HSI to expand its operations, increasing its capacity to meet customer demand.
Opus Bank's Role
Opus Bank worked with HSI’s management to gain an understanding of the company’s business model and growth initiatives, then provided financing that aligned with the company’s goals.