AEG Advises International Manufacturer Supporting EV Industry on Restructuring and Re-Financing [more]4/4/2023
AEG recently assisted a US-based manufacturer of products supporting lithium-ion battery production in both a restructuring and a successful re-financing. AEG was originally engaged as financial advisor to address the company’s liquidity position and to define go-forward options. While the Company was well positioned in its traditional markets, additional capital was needed to take advantage of the growth in the EV space. Constrained by a lending arrangement that would only provide advances against US-based assets, AEG facilitated introductions to lenders which could rely on European based assets. Based on the improved performance and access to lenders with a better fit for the company’s footprint, AEG helped refinance the incumbent lender at par while attracting non-dilutive expansion capital for the company shareholders.