Fueling Growth in Disaster Recovery: How Haversine’s Participation Strengthened a $25MM ABL Facility

‍The Challenge: Expanding Capacity for a Rapidly Growing Disaster Recovery Business

A leading hurricane relief services company secured a large state contract for disaster recovery efforts, significantly increasing its operational demands. While their existing ABL lender had worked with the company for several years, the sudden surge in business required a larger credit facility to support new contracts, mobilization costs, and ongoing growth. To meet the company’s needs without overextending its balance sheet, the ABL lender sought a reliable capital partner to help expand the borrowing base while maintaining a strong lending relationship.

The Haversine Solution: Strategic ABL Participation

Haversine stepped in with a $7MM participation in the lender’s $25MM ABL facility, allowing the company to immediately scale operations to support its growing contract pipeline. By leveraging Haversine’s ability to provide flexible, responsive capital, the ABL lender was able to:
✅ Increase the total facility size to match the borrower’s expansion needs.
✅ Retain and strengthen its relationship with a long-standing client.
✅ Ensure ongoing liquidity and growth capacity without taking on excessive risk.

The Outcome: Securing Growth and Stability

With the newly expanded facility, the hurricane relief company was able to fully execute on its state contract, securing the necessary resources and personnel to deliver critical services. This capital infusion ensured business continuity, supported rapid expansion, and positioned the company for future large-scale contracts. By partnering with Haversine, the ABL lender preserved its borrower relationship while meeting increasing demand in a high-growth sector.

At Haversine, we specialize in creative financing solutions that help lenders expand capacity and strengthen client relationships. Whether it’s participating in large ABL facilities or structuring custom senior or junior lines of credit for lenders and factors, we bring flexibility, speed, and partnership to every transaction.

Have a deal that needs creative structuring? Let’s talk.