DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $20 million accounts receivable facility to a Dutch packaging manufacturer. As the client has operations in The Netherlands and United States and sells internationally, Euro, US Dollar, and GBP pound sterling factoring lines were required, and provided.
DS-Concept was approached by the company to provide support for their growing sales and the significant customer sales concentration in their portfolio. DS-Concept was able to work alongside the client’s existing financial arrangements, including a large syndicated credit facility, in order to augment and optimize the client’s capital structure.
“This is the kind of scenario where DS-Concept really shines,” according to John Stillwaggon, VP Sales for DS-Concept. “This new relationship is focused around a multi-jurisdiction, multi-currency facility sitting alongside a major bank syndication. We are very pleased to have the opportunity to support the continued growth and success of our newest client.”
More information about DS Concepts, a EACCNY member, can be found here.