Central States, like many companies in the past year, discovered their longtime agent bank could no longer support their capital needs in the current banking environment. Given the turmoil in the financial markets and the need to focus full time on the process,
Central States management made the decision to bring in outside professionals to run the bank process rather than going it alone. Periculum advised the Company on positioning and marketing its story in order to develop a new Agent Bank relationship and bring
in multiple participant banks at highly competitive market terms during one of the most traumatic economic times in recent history. As advisor, Periculum?s role included obtaining and vetting various agent bank proposals in order to arrive at terms suitable
for the Company?s needs and assisting in the closing negotiations and documentation. As a result of the transaction, Central States now has an Agent Bank and bank group capable of supporting its long term growth initiatives.
Central States' activities in the domestic grain markets involve extensive rail and river barge shipments, covering virtually all areas of significant corn and soybean production in the United States. The Company?s sources for grain include its own Indiana
based grain terminal facilities, farmer cooperatives and other corporate and privately owned terminal facilities. The Company?s base of clients include large poultry and hog integrated operations, commercial feed mills, corn and soybean processors, flour millers,
Canadian and Mexican grain consumers, and export operators in the Gulf of Mexico.
In this current economic environment Periculum Capital Company, LLC is highly focused on the debt placement needs of middle market companies. In addition, Periculum continues to be very active in its Merger and Acquisition, Private Placement financing, and
Merchant Banking practices.