Alternative Energy Systems
Due to the extreme volatility and the depressed price of ethanol following the recession, this renewable energy company had idled their production facility. Prices had rebounded in late 2013 and the customer decided to ramp up production again. Since the facility had been idle, the financial statements were outdated and the customer was seeking commercial terms based on performance. To make matters more difficult, the collateral for the lease was very specialized and the environmental regulatory requirements were strenuous. Onset worked extensively on the project and ultimately was successful in delivering $15M in operating capital on a sale/leaseback transaction. The Onset credit and operations departments were instrumental in completing an otherwise impossible task.