FGI provides SACO AEI Polymers with a $23 million facility.
“FGI has been a trusted business partner to our foreign subsidiaries for several years, helping us in times of growth or transition. When our U.S. business faced challenges and our traditional bank tightened our availability, we knew FGI was the ideal partner to help us execute on our turnaround plan. FGI stepped up to the plate, providing us a large facility that far exceeded what a traditional bank could provide.”
New York, October 31, 2018 – FGI Worldwide, a global leader in commercial finance, today announced it served as sole arranger for a working capital facility to SACO AEI Polymers.
Through this current financing with FGI Worldwide, SACO AEI Polymers has secured $23 million in working capital facility. SACO AEI Polymers will use this facility to fuel the rapid growth domestically and internationally.
“FGI has been a trusted business partner to our foreign subsidiaries for several years, helping us in times of growth or transition,” said Andrea Savonuzzi, SACO AEI Polymers CEO. “When our U.S. business faced challenges and our traditional bank tightened our availability, we knew FGI was the ideal partner to help us execute on our turnaround plan. FGI stepped up to the plate, providing us a large facility that far exceeded what a traditional bank could provide.”
“Our past relationship has been very successful,” stated David DiPiero, President and CEO of FGI Worldwide. “We are committed to continue to provide SACO AEI Polymers with highly customized global financing solutions that will support their global growth strategies.”
