Dresner Partners Assists A.L.P. Lighting in Obtaining Revolving Credit Facility and Term Loan
|Tuesday, November 4, 2008|
FOR IMMEDIATE RELEASE
DRESNER PARTNERS ASSISTS A.L.P. LIGHTING IN OBTAINING REVOLVING CREDIT FACILITY AND TERM LOAN
CHICAGO – NOVEMBER 4, 2008 – Dresner Partners, a Chicago-based middle market investment bank and IMAP member firm, announced today that it assisted A.L.P. Lighting Components, Inc. (A.L.P.) of Niles, Ill. in obtaining a new revolving credit facility and term loan from Cole Taylor Bank, a wholly owned subsidiary of Taylor Capital Corp. (NASDAQ: TAYC). The proceeds of the new facility were used to repay A.L.P.’s existing revolver and term loan at Bank of America (formerly LaSalle Bank, NA).
Steven Dresner, President of Dresner Partners stated, “We are very pleased to have been able to assist A.L.P. in completing this financing transaction in a timely and efficient manner. During this time of credit market turmoil, we have been very impressed with the professionalism and financial stability of both A.L.P. and Cole Taylor. It is encouraging to know that mutually beneficial transactions like this one can be completed in a streamlined fashion, resulting in high levels of satisfaction for both parties. I offer my congratulations to Gregg Pollack, Managing Director of Dresner Partners, for his role in this transaction, as well as to David Brown at A.L.P. and Pat Stoltz at Cole Taylor for having the confidence and focus to see this through to completion.”
Patrick Stoltz, Group Senior Vice President - Commercial Banking for Cole Taylor, commented, “We appreciated the opportunity to provide capital for such a high quality company as A.L.P. Lighting. We have known A.L.P. and the Brown family for many years, and we have confidence in their ability to guide their company through the current macro-economic challenges and to continue to strengthen A.L.P.’s financial condition over the life of this financing.”
David Brown, President of A.L.P. Lighting Components, Inc. added, “We would like to recognize Dresner for helping us to complete this transaction in a timely manner in a difficult financing environment. Their involvement gave us the confidence to press ahead with the transaction to achieve a win-win outcome. We are very pleased with the results of the transaction, and we look forward to a long-term relationship with both Cole Taylor and Dresner Partners as we continue to grow and strengthen our company.”
About Dresner Partners
Dresner Partners is a FINRA-registered, middle-market investment bank based in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial advisory services to business owners and managers throughout the world, including institutional private placements of debt and equity, merger and acquisitions, and valuation and strategic consulting services. Dresner Partners is also a member of IMAP, an exclusive global organization of leading merger and acquisition advisory services. Its affiliate company, Dresner Corporate Services, is a strategic communications firm specializing in investor and public relations. More information is available via the Internet at http://www.dresnerpartners.com.
About A.L.P. Lighting Components, Inc.
About Cole Taylor
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