Done Deal: Uniroyal Global

Cut To Fit

 

 

£12,700,000

Revolving Line of Credit and Term Loan

Coated Fabric Products

Financing Event: Refinance and Growth
PNC Deal Leader: Lee Baty

The Company: Fabric and Trim Leadership

Uniroyal Global (Uniroyal) is a leading provider of vinyl-coated fabrics and soft trim technologies. Employing over 200 staff at its Earby, Lancashire, headquarters, Uniroyal produces a wide variety of products for applications that require rigorous performance characteristics, such as for the automotive sector, healthcare equipment and baby strollers.

The Deal: Automotive Opportunity

Its key market is European automotive manufacturers. Uniroyal designs and manufactures a broad range of vehicle products, including seating, door panels and trim components.

The Achievement: Cut to Fit

Asset Based Lending (ABL) has always been a core element of Uniroyal’s finance strategy. Its new PNC facility delivers both the enhanced flexibility and quantum the company was looking for as it capitalises on its poll position to innovate and develop new products for its customers.

Rick Harrison, Managing Director, Interpath Advisory, said: “We greatly enjoyed working alongside both our client and PNC in producing such a great outcome. The facility provides all the ingredients Uniroyal was looking for. The team at PNC really got behind the long-term strategy of the business.”

The automotive industry is undergoing substantial change, opening up great opportunities for both our customers and ourselves. With the key support of our advisers, Interpath Advisory, we sought a better ABL solution as a platform for this exciting period ahead. PNC stood out because they don’t apply a ‘cookie cutter’ approach. They took the time to understand us in order to create a facility that suits us perfectly.

Howard F. Curd | Director, Uniroyal Global

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