Opus Bank is pleased to announce it provided:

Title: Inthinc Technology Solutions
Amount: $18,000,000
Month: October
Year: 2014

Inthinc Technology Solutions

Opus Bank’s Corporate Finance division provided $18,000,000 in debt financing to Inthinc Technology Solutions, Inc.

Overview of Transaction

  • Inthinc Technology Solutions Inc. (“Inthinc”) is a leading provider of driver safety telematics, technology, and solutions for global enterprise fleets
  • Inthinc’s technology monitors driver safety, efficiency, and compliance, resulting in significantly improved driver safety, reduced accident rates, and higher fuel utilization
  • Inthinc’s executive management desired a capital structure that reduced their monthly debt burden and provided additional capital to support strategic initiatives

Significance of Transaction

  • Opus Bank provided an $8,000,000 term loan to refinance existing debt, support strategic growth initiatives and reduced Inthinc’s monthly debt burden by over 50%
  • Opus Bank provided a $10,000,000 revolving line of credit for working capital. Flexible accounts receivables underwriting maximized borrowing capacity, enabling management to negotiate better terms with suppliers, and reduce costs

Opus Bank's Role

  • Opus Bank worked with Inthinc’s management to gain an understanding of the Company’s business model and growth initiatives, then provided a capital structure that is aligned with their goals

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