US Modular, LLC
Restructuring

Client
US Modular is a manufacturer and distributor of a comprehensive line of memory and storage products and solutions for consumer, industrial and government applications. US Modular currently specializes in standard and high-density memory modules, cards and drives for custom and standard applications. The company also develops innovative storage solutions utilizing flash, DRAM and rotating media.

Scenario
US Modular required additional funding in order to satisfy its debt obligations and meet the working capital requirements necessary to sustain its business.
 
Solution
Gemini Partners successfully restructured US Modular, securing a new revolving line of credit, purchase order financing facility and term loan to satisfy the company’s working capital requirements. Gemini served as exclusive financial advisor and placement agent to US Modular. Furthermore, Gemini facilitated the placement of turnaround management to further help the company operationally and allow it to avoid in-court proceedings.

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