CBL Capital Secures $650,000 in Debt Financing for Toronto-Based Window Glazing Company

TORONTO, ON

CBL Capital Partners Ltd. (the "Advisor" or "Broker" or "CBL") successfully assisted a well-established Toronto-based Company (the "Client") in the commercial window glazing and installation industry with raising debt financing for an unmargined senior-secured commercial revolving credit facility and additional corporate credits (the "Financing") in the amounts summing $650,000 CAD.

The Client approached CBL at an important juncture in their business growth cycle. The Company wanted to vertically expand downstream by starting a new, more capital-intensive business acting as a subsidiary. Although the Client had a strong balance sheet with adequate liquidity and no leverage, their last fiscal year's financial performance was softer due to the headwinds indirectly faced by the entire condominium market in 2023 and more recently in 2024.

The Client was fortunate enough to have grown the Company to a size where they have many full-time employees, and so they were hesitant on using their cash on hand to fund their new, potentially risky business, with their "rainy day fund" in case downturns like the one they experienced come up.

CBL was able to position the Client's strong balance sheet and operational capabilities, while also leveraging its existing network of key lending relationships, to come up with a solution that exceeded all expectations. In addition to the Financing achieving favorable rates and higher-than-expected leverage, CBL was able to negotiate an unmargined operating line, removing any potentially unnecessary financial restrictions should they experience softer than expected sales throughout the market cycle.

CBL is proud to have advised the Client and deliver tangible results. Congratulations to all parties involved!