S&S Fuel Holdings, LLC

Service Type: Refinance

ClientS&S Fuel Holdings, LLC

Client Description: 7-Eleven branded “City Stop” convenience store chain located in the Las Vegas MSA.

The Trigger:

  • The Company sought to refinance approximately $14MM of subordinated debt.

The Project:

  • The Company engaged Corner Capital Advisors to refinance $14MM of mezzanine debt for its 11 convenience stores all located in the Las Vegas MSA.

The Solution:

  • Corner Capital sourced partnership capital, and additional funding to pay-off the existing subordinated debt.

The Result:

  • Corner Capital successfully negotiated a pay-off with the existing subordinated lender.
  • The refinancing terms accommodated the Company’s desired cash flow needs, and were acceptable to its lender resulting in a successfully negotiated payoff.