Denver, CO (January 8, 2019) – Sunflower Bank, N.A. is pleased to announce it provided senior debt financing to support the recapitalization and growth of American Alloy, LLC. The transaction closed in November 2018. Sunflower Bank’s Structured Finance Group launched in June 2018 bringing together a team of experienced industry leaders to provide corporate finance services to clients and prospects with borrowing needs of $5.0 MM to $20 MM+.
In this transaction, Denver-based Sunflower Bank provided senior debt financing in conjunction with an equity investment in American Alloy by local private equity firm Silver Peak Partners and a subordinated debt and equity investment by Detroit’s Peninsula Capital Partners. Sunflower Bank also provided American Alloy with additional liquidity through a revolving line of credit and capital expenditure draw facility in support of the company’s future growth.
“We’re pleased to have worked with Silver Peak Partners and Peninsula Capital Partners to meet American Alloy’s debt financing needs. The Sunflower Bank Structured Finance Group is excited to be open for business and ready to create partnerships with leading private equity firms around the country,” said David Harper, Managing Director of Leveraged Finance at Sunflower Bank.
Harper is responsible for identifying prospective leveraged finance and other corporate banking opportunities for Sunflower Bank. His career has included leadership roles in investment banking, private equity, operating companies, and commercial banking. He has been involved in more than 75 corporate finance transactions including M&A, private placements, public offerings, restructurings and cross-border opportunities.
American Alloy is a custom manufacturer in Spokane, Washington that produces, finishes and assembles metal and composite parts and components for original equipment manufacturers of industrial machinery and equipment. In addition to manufacturing, Sunflower Bank’s Structured Finance Group has broad experience across multiple industries.
About Sunflower Bank, N.A.
Operating as Sunflower Bank, First National 1870, and Guardian Mortgage, Sunflower Bank, N.A. provides financial solutions to the individual communities it serves. With approximately $4 billion in assets as of September 30, 2018, headquarters in Denver, bank locations in six states, and mortgage capabilities in more than 35 states, Sunflower Bank, N.A. provides a full range of relationship-focused services to meet personal, business, and wealth management financial objectives.
Member FDIC. Equal Housing Lender. First National 1870 and Guardian Mortgage are divisions of Sunflower Bank, N.A. To learn more visit SunflowerBank.com
, or GuardianMortgageOnline.com
About Silver Peak Partners
Silver Peak Partners, based in Denver, Colorado, is a private equity firm focused on small companies with $3 million to $10 million of EBITDA. It seeks to partner with current company owners and managers to build investment value through operational improvements, strategic acquisitions, and pursuit of new growth opportunities. To learn more visit SilverPeakPartners.com
About Peninsula Capital Partners
Peninsula Capital Partners is an investment company specializing in providing junior capital, including subordinated debt, preferred stock or common stock, either as a minority or control investor, to superior middle-market companies. To learn more visit PeninsulaFunds.com
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