Century Capital purchases the lender’s security interest in performing and non-performing accounts.

Key Elements:

• Purchase value of the debt is determined by the appraised value of the assets
• Fast closing – security registrations and priority already in place
• Ability to monetize portions of the Company’s assets in a flexible financial structure

DIP (Debtor-in-Possession) financing provides interim funding to companies restructuring within a court sanctioned process.

Key Elements:

• Court approved borrowing to sustain the Company’s operations
• Any assets can be pledged to support the DIP loan
• Provides quick access to capital not otherwise available
• Exit terms as short as 90 days

Mezzanine debt is generally a subordinated or preferred equity instrument and senior only to the common equity. Mezzanine debt may include warrants or have conversion features that could trigger conversion to equity under certain circumstances. Mezzanine debt should be viewed as another tool a company can use to exploit opportunities.

Century Services will consider participation as an equity investor in a business. In these situations, Century’s diverse management capabilities combined with current leadership will work together closely to maximize chances of success. Century’s leadership team has specific experience in managing turn-arounds, driving strategic shifts, creating effective marketing and sales strategies, reducing costs, leadership development, and deploying quality systems. Each business has its own very specific requirements and Century can assist in making sure the focus is on the essential elements to drive desired results.