Recent Deals

Refreshment Services, Inc. is a full line vending company offering coffee, water, snacks, soft drinks and catering services. The company distributes products for national brands such as Coca Cola, Pepsi, Frito Lay, Hershey, Mars, Flowers, Pierre Foods, Green Mountain, Wolf Gang Puck, Maxwell House, Tassimo and traditionally strong regional brands like Sundrop and Cheerwine.

Situation:

• RSI Holding, LLC had entered into a letter of intent to acquire Refreshment Services and engaged Anderson LeNeave to arrange financing to fund the acquisition and provide for ongoing working capital

Challenges:

• Due to expected cash flow constraints immediately following the acquisition, the credit facility had to be structured such that the company could meet its debt service requirements

Successful Solution:

• Anderson LeNeave contacted a focused group of financial institutions
• Anderson LeNeave successfully arranged for a new senior credit facility with Fifth Third Bank

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