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Musings on corporate finance, fund raising, capital markets and other matters

In January 2020, Altimapa successfully secured a $5 million international receivables funding facility for Networked Energy Services Corporation (NES) based in California, USA. This facility upon drawdown was used to settle an existing bank loan and provide working capital for growth.

Company Background

NES is a global smart energy leader in the worldwide transformation of the electricity grid into an energy control network, enabling utilities to connect to their customers more efficiently and productively. NES helps utilities reduce their operating costs, conserve energy, and protect, detect, and respond to current and future cybersecurity threats in an efficient and timely manner.

Smart Grid is the digital technology that allows for two-way communication between the utility and its customers. In a Smart Grid, the electricity network intelligently integrates the behaviour and actions of all users connected to it (generators, consumers and those that do both) bringing computer, intelligence and networking abilities to the existing un-intelligent electricity distribution systems.

The Private Debt Solution

Altimapa introduced the company to a select number of cash flow lenders that could accommodate a US-based company raising funding against receivables that were predominately based in the Balkan region and provided NES with two competitive term sheets within 4 weeks of being mandated. The fundraising process moved efficiently with only 6 weeks between term sheet production and drawdown.

After negotiation, the final agreement was signed and Altimapa guided the client through the due diligence and legal process to secure the full facility.

Learn more at

US-based High Growth Energy Company
Term Debt
Refinance bank loan and working capital for growth