Viking Components, Inc. designs, manufactures and distributes advanced technology products including computer system memory, flash memory and readers, and modems. Its customers are among the industry's largest resellers, distributors, and OEMs.
The Company's advanced technology fueled significant increase in orders, requiring additional liquidity to support the Company's growth.
Professionals of M&A Capital were retained to secure additional financing for the Company. M&A Capital evaluated a variety of options for the most cost effective and flexible solution.
After receiving a variety of proposals, Viking selected a $15 million senior revolving credit facility with CIT Business Credit, enabling Viking to pursue its expansion.