Designed Alloy Products, Inc. and Alloy Rod Products, Inc. (collectively “DAPI”) have successfully restructured their debt capital through obtaining a senior revolving credit facility from Wells Fargo Bank and a junior term debt loan from Enhanced Capital. Headquartered in Aurora, Illinois, DAPI is a privately held manufacturer of certified ingot and alloy rod products, and a processor of scrap metal. The company supplies its products to mills and foundries in the United States and to distributors serving foreign markets. DAPI has manufacturing operations in Illinois, Oklahoma, Pennsylvania and Tennessee.
Wells Fargo Bank is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets. Founded in 1852 and headquartered in San Francisco, it provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations in 36 countries. With more than 264,000 active, full-time equivalent team members, Wells Fargo serves one in three households in the United States and ranks No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo ranked fourth in assets and first in the market value of its common stock among all U.S. banks at December 31, 2013.
Headquartered in New York City, Enhanced Capital is a diversified, national asset management firm providing investment capital to small businesses that are underserved by traditional sources of financing. Enhanced Capital seeks to create innovative structures that fit the needs of small businesses, helping them to grow and create value for all constituents. Enhanced Capital has regional offices in New Orleans, Austin, Birmingham, Denver, Jackson Hole, Nashville, Stamford, Tampa and Washington, D.C.