EmpireCLS, a leading luxury transportation provider in the U.S, needed to re-finance debt resulting from COVID, recapitalize business debt, purchase additional property, and gain additional capital for growth. The Company currently owns 500 vehicles, employs over 400 chauffeurs and has 900 global affiliated partners serving over 1,000 cities globally.
To support EmpireCLS’s growth plans, a consortium of lenders issued a $74MM term loan. This new mortgage-secured term loan will be administered by Webster Bank as the lead agent, with another participating institution serving as documentation agent.
“Working with Webster Bank was fantastic – the refinance process for our company’s debt went smoother than expected. Super professional, efficient, totally stress-free. Highly recommend them!” – David Seelinger, CEO, EmpireCLS
Term Loan
$74,000,000
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