NEED:
The company was expanding into newly opened territory and needed a large financing package to handle highwall miners, front-end loaders, dozers, and trucks. The equipment manufacturers and their primary banks were at their lending limits, requiring a new financing partner.
SOLUTION:
VFI provided multiple rounds of financing totaling $26.7 million and funded over a period of 9 months. Using flexible financing options, VFI was able to meet strict tax and accounting requirements for the company.
BENEFITS:
This financing allowed the company to expand coal output by millions of tons leading to increased revenue and profitability.
