Opus Bank is pleased to announce it provided:

Title: Silver Spur Corporation
Amount: $10,200,000
Month: March
Year: 2015

Silver Spur Corporation

Opus Bank provides $10,200,000 in debt financing to Meridian General LLC. for the acquisition of Silver Spur Corporation

Overview of Transaction

  • Silver Spur Corporation (“Silver Spur”), founded in 1978, is a premier independent bottle manufacturer and distributor located in Cerritos, CA.
  • Opus Bank (“Opus”) provided $10,200,000 in acquisition and working capital financing to support the purchase of Silver Spur by Meridian General LLC (“Meridian General”).

Significance of Transaction

  • Opus Bank provided a term loan based on Silver Spur’s cash flow to provide the debt component to Meridian General’s purchase of Silver Spur from the previous owner and founder.
  • In addition to acquisition support, Opus provided working capital to support Silver Spur’s growth.

Opus Bank's Role

  • Opus advised Meridian General regarding the optimal financing structure to match Silver Spur’s cash flows to the servicing of the acquisition-related debt.
  • Opus provided a robust working capital facility to ensure the company’s ability to grow in 2015 and beyond.

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