Opus Bank’s Commercial Banking division provides $4,251,000 in debt financing to Nursery Products, LLC
Overview of Transaction
Nursery Products, LLC is a compost recycling facility near the City of Barstow. The company provides local, cost-efficient biosolids, and green material composting capacity that complies with applicable federal, state, and local requirements for safely handling these materials to generate Class A compost.
The company was looking to re-structure debt and expand its operating efficiencies.
Significance of Transaction
Opus Bank (“Opus”) provided a $3,501,000 term loan to re-structure debt, acquire new equipment, and improve operating efficiencies at its facility. In addition, Opus provided a $750,000 line of credit for working capital.
Opus Bank's Role
Opus collaborated with the owners of Nursery Products, LLC to meet the company’s capital needs along with providing for growth at its facility.
Opus continues to work with the client to strategically plan for future expansion and acquisition financing.