Revere Cooper Products

Company Profile

Revere is a premier North American manufacturer of copper and copper-alloy products serving a diverse range of industries, including electrical, data centers, electric vehicles, renewable energy, telecommunications, HVAC, industrial and architectural markets. The Company was founded in 1801 by Paul Revere and is one of the oldest manufacturing enterprises in the United States. Headquartered in Rome, New York, with a complementary facility in Mebane, North Carolina, Revere operates a vertically integrated manufacturing platform producing copper coil, strip, sheet, plate, bar and specialty architectural products.

Situation

The Company sought to increase the size of its existing credit facility. The increased capital will support continued expansion and meet the Company’s working capital needs stemming from the rising demand for domestically produced copper products (particularly copper bar) driven by global electrification trends, the rapid expansion of domestic data centers and favorable tariff dynamics.

Solution

To optimize terms of the expanded loan facility, SSG conducted a targeted financing process, leveraging its deep relationships with highly relevant lenders. Following a competitive process that generated multiple term sheets, SSG assisted Revere in negotiating and securing a $207.5 million asset-based credit facility from a syndicate group led by Wells Fargo, with participants KeyBank and M&T Bank. The expanded facility includes a dedicated capital expenditure line to support the Company’s future growth initiatives. SSG’s market insight, execution expertise, and negotiation skills delivered a solution that maximized debt capacity while providing the liquidity and flexibility needed to support Revere’s long-term growth strategy.