Tridex Corporation, a publicly held company traded on NASDAQ with its corporate headquarters in New York, New York, is a provider of coaxial connectors for high frequency communication equipment and systems and retail point-of-sale systems.
OEM Capital was asked to assist Tridex Corporation in securing financing to redeem its subordinated debt that was coming due, provide for additional working capital. It also wished to secure an acquisition credit line for contemplated acquisitions. We helped the company prepare a financial plan that stressed the high cash flow of each of the company’s businesses and their inherent enterprise value, which provided excellent collateral, and approached the most likely lenders.
OEM Capital’s presentation of the company’s business prospects to a number of lenders secured the required funding in a timely manner from Heller Financial Services, Inc. The refinancing allowed Tridex Corporation to pay off its publicly held bonds and launch an acquisition program to provide it with additional revenues and cash flow.
Our success with Tridex Corporation illustrates that, whether a business is healthy or distressed, superior results can be realized for the shareholders by a well executed approach by merger and acquisition professionals who are knowledgeable about the state of the financial markets and the intentions of its participants.