DebtX is pleased to announce the sale of a $30 million C&I portfolio. The portfolio will be offered in five pools:

• DebtX_8991 is a performing relationship totaling $18 million. The company operates over two dozen community-based health centers in California. The loans are secured by commercial real estate, a blanket UCC filing, FF&E and a CD. The company had annualized top line revenues of approximately $125 million.
• DebtX_8992 is a performing ABL relationship totaling $6.3 million. The company is in the petroleum distribution business with over $90 million in annual sales and annualized 2019 EBITDA totaling $716,000. The loans, which are personally guaranteed, are secured by CRE, A/R, FF&E and inventory.
• DebtX_8973 consists of two performing loans totaling $2.2 million, a 4.83% WAC, and a 6/27 WAM. The debt is secured by a first lien blanket filing on FF&E of nine KFC franchises in South Carolina.
• DebtX_8974 consists of two non-performing loans totaling $1.5 million. The borrower recently filed chapter 7 bankruptcy. This debt is secured by a first lien on business assets of the borrower and guarantor entities.
• DebtX_8975 consists of a $1.9 million performing participation interest in a credit facility that is part of a broader syndication totaling $305 million. The balance sheet as of 12/31/19 shows assets totaling $425 million and liabilities totaling $356 million for a net worth of $69 million. The borrowers 2020 budget projects EBIDTA of $39 million.

Indicative bids on the two largest relationships are due before March 12th, at 2pm ET.  Final bids on the three smaller relationships are due before March 24^th, at 2PM ET. The portfolio is to close by month end. For more information please contact Mike Roth at mroth@debtx.com or (617) 531-3424.

You must be registered with DebtX to receive detailed information about these loans and to participate in the sale. To register, please visit our registration page.