September, 2017 - ConnectionsAZ is a physician-led crisis psychiatric services provider that sought to build medication-assisted treatment clinics.
The company had credit risk associated with customer concentration with government funded contracts, but CW positioned the credit in a manner to get investors comfortable with its contract “stickiness” and growing demand.
CW procured 14 term sheets and ultimately closed with a senior lender offering significantly lower interest expense than the mezzanine loan pricing that Management was anticipating. The robust and competitive process ultimately saved the company more than $700,000 in estimated annual interest expenses over initial expectations.