Customer Problem / Need

Customer had working capital needs and required $200MM of cash before the end of the quarter.

Challenges

Short time frame, customer needed cash in a 30 daytime period.

Solution

Sale and Leaseback on manufacturing equipment.

Chain AMS was able to structure the transaction at a low interest rate, indicative of the parent company’s credit profile.

Acquired appraisals and organized investors to execute on the transaction within the required 30 day time period.

Outcome

The Chain AMS team was able to deliver $170MM of cash to the customer within an accelerated time period.

Structure

▪ Product: Sale & Leaseback

▪ Equipment: various manufacturing equipment around the United States

▪ Term: 36-96 months

▪ Pricing: Indicative of parent credit profile

▪ Early Buyouts: two options, providing interest rate transparency (no longer available on SLB’s post 2019 lease accounting changes)