FGI Provides $29MM Facility to Superior Graphite
“FGI’s expertise in cross-border financing gave us availability on inventory in Sweden that we can now use to grow our business. Their focus on partnership, along with their understanding and structuring the capital needs to support our vision, made them a clear choice as our lender. We look forward to working with FGI for years to come.”
Chairman and CEO, Superior Graphite
During the past 106 years and four generations of family ownership, Superior Graphite (“Superior”) has grown into one of the largest and most-reliable suppliers of customer-oriented graphite and carbon-based solutions. FGI is pleased to provide a facility to support the company’s continued success.
Headquartered in Chicago, Superior developed patented technologies that have directed the business’s growth as an international graphite and carbon manufacturer, specializing in high temperature technologies, advanced sizing, and blending and coating technologies. Finding a relationship-driven lender to support further advancement, as well as provide availability on Swedish assets that had previously been unleveraged, was important to the Superior team in their search for a financial partner.
FGI structured a $25MM asset-based revolver for Superior, with an additional $5MM uncommitted accordion, and $4MM real estate and equipment term loan. Experienced in pan European transactions, FGI was able to meet all of Superior’s needs in one facility, providing a flexible covenant package, more availability and liquidity, and true cross-border financing including Sweden and the US.
