Waypoint Private Capital advises American Lighting Brands on the Refinancing of its Bank Debt
Waypoint Private Capital is pleased to announce the successful refinancing of the term debt and working capital line of credit for American Lighting Brands with Providence Bank and Trust (“Providence”). Waypoint Private Capital acted as the exclusive Debt Placement Advisor to American Lighting Brands.
American Lighting Brands, headquartered in Bellwood, Illinois, is a collection of premium U.S.-based lighting manufacturers specializing in both decorative and task lighting. Their portfolio includes renowned brands House of Troy, Arroyo Craftsman, Framburg, Scatchard Stoneware, and Thumprints. The company offers a range of handcrafted lighting products tailored for residential and commercial spaces. The company emphasizes artistry and quality craftsmanship, focusing on Made-in-USA lighting solutions. For further details, visit: https://www.americanlightingbrands.com/.
“As we sought to move our banking relationship from a large international bank to a lender who would give us better service and a lending facility that would support future growth, we sought the advice of Waypoint Private Capital, an investment banking firm we had worked with in the past,” said Malcolm Tripp, President of American Lighting Brands.
He continued, “Waypoint’s expertise was invaluable in preparing a loan request presentation, financial modelling, discerning between lending options, structuring the debt facilities, and negotiating the terms of the loan and ancillary agreements.”
Providence Bank & Trust, founded in 2004 in South Holland, Illinois, offers personal, commercial, and mortgage banking services through its fourteen locations in the Chicagoland area.
“We were happy to work with Malcolm and American Lighting Brands to help them with their refinancing need. They have built a great American manufacturing company over the past 28 years and deserve to be working with a bank that could appreciate their history and be there to support their future growth. During the challenging lending environment of 2024, Providence Bank responded quickly, offered great terms, and has already demonstrated their relationship driven approach to banking," said Steve Sprindis, Managing Director of Waypoint Private Capital
#AmericanLightingBrands #HouseofTroy #ArroyoCraftsman #Framburg #ScatchardStoneware #Thumprints #WaypointPrivateCapital #ProvidenceBank&Trust #MergersandAcquisitions #M&A
About Waypoint Private Capital
Waypoint Private Capital is an investment banking firm that specializes in mergers and acquisitions, capital sourcing, and business valuations for middle market companies. Our clients are privately held businesses located nationwide in a broad range of industries.
Waypoint Private Capital's Midwest values guide every customer interaction. Our M&A experts have decades of experience and provide the knowledge to achieve the best possible outcome for business owners, their families, and employees.
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Jim Holder, Co-Founder / Managing Director jholder@waypointprivatecapital.com 918.633.2647
Steve Sprindis, Co-Founder / Managing Director ssprindis@waypointprivatecapital.com 608.515.3354
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