Best Manufacturing Group, LLC

Client Profile
Best Manufacturing Group, LLC (‘BMG’ or the ‘Company’) is the nation’s premier supplier of washable textiles and garments for the textile rental, hospitality, healthcare, and image apparel industries. Headquartered in Jersey City, NJ, the Company maintains manufacturing facilities in Cambodia, Mexico and the United States. BMG’s products include bed linen, table linen and uniforms.
Situation
Best Manufacturing Group had difficulty absorbing an acquisition which temporarily suppressed cash flow and fatigued the Company’s existing senior lender. SSG’s professionals were retained as the Company’s exclusive investment banker to explore refinancing alternatives.
Solution
SSG’s professionals delivered a $97 million financing package comprised of an $80 million revolver and a $17 million term loan. The term loan was partially secured by machinery & equipment and real estate and had partial stretch or tranche B collateral characteristics.