Commercial Services and Supplies
Company Overview of Faneuil, Inc.
Faneuil, Inc. provides business processing solutions for commercial and government entities. It offers outsourcing support that ranges from customer care centers, fulfillment operations, and information technology services, to manual and electronic toll collection, violation processing, and medical device tracking. The company operates multi-channel customer care centers to manage customer service engagements. It specializes in customer relationship management; billing, payment, and claims processing; data entry; document management; operational expertise; workforce and support analytics; quality assurance; and back office and fulfillment operations for the transportation, utilities, and gov...
2 Eaton Street
Hampton, VA 23669
Founded in 1993
Key Executives for Faneuil, Inc.
Senior Vice President of Operations & Program Management
Vice President of Client Relations
Vice President of Workforce Management & Quality
Vice President of Florida Operations
Compensation as of Fiscal Year 2015.
Faneuil, Inc. Key Developments
Faneuil, Inc. Announces Earnings Results for First Quarter Ended December 31, 2014
Feb 11 15
Faneuil, Inc. announced earnings results for first quarter ended December 31, 2014. For the quarter, the company recognized revenue of $40.7 million compared to $25.8 million a year ago. EBITDA was $5.4 million compared to $2.7 million a year ago.
Faneuil, Inc. Provides Revenue Guidance for the Quarter Ended September 30, 2014
Nov 12 14
Faneuil, Inc. provided revenue guidance for the quarter ended September 30, 2014. For the period, the company expects revenue to be in the range of $34.3 million to $36.1 million as compared to revenue of $35.0 million for the quarter ended June 30, 2014.
ALJ Regional Holdings, Inc. and its Subsidiaries Announce Refinancing of Loan Facilities
Oct 2 14
ALJ Regional Holdings, Inc. announced that its operating subsidiary Faneuil, Inc. ('Faneuil') has refinanced its $25 million note payable to Harland Clarke, Inc. and its $5 million Senior credit facility. Faneuil had $21.6 million inclusive of accrued interest remaining on the note payable, and at closing paid down $2.6 million from cash on hand, leaving $19 million, which was refinanced under a with M&T Bank, Inc. The $19 million term loan amortizes over a period of 60 months at $316,667 per month plus accrued interest at a rate of Libor plus 3.75%, declining to Libor plus 2.50% upon obtaining certain ratios. The loan with Harland Clarke was scheduled to accrue interest over the next twelve months at a rate of 7.5% and was due in full in October 2015. Faneuil also refinanced its $5 million Senior Credit Facility ("Revolver") with M&T, which has a two-year term and accrued interest at a rate of Libor plus 2.5%. The Term Loan and Revolver are guaranteed by Faneuil and secured by a lien on all of the corporate assets of Faneuil. On September 30, 2014, ALJ Regional Holdings, Inc. ('ALJ') refinanced its related party note payable of $2 million due to Libra Securities with a $2 million Term Loan with M&T ('ALJ Term Loan'). The ALJ Term Loan amortizes over a period of 30 months at $66,667 per month plus accrued interest at a rate of Libor plus 3.75%. The ALJ Term Loan is secured by a first lien on all corporate assets owned by ALJ. The ALJ Term Loan is guaranteed by Faneuil and secured by a lien on all of the corporate assets of Faneuil. The original related party note payable accrued interest at a rate of 10% and was due in full on April 2019. On September 30, 2014, Carpets N' More, Inc. ('Carpets') executed a $3 million Senior Credit Facility with M&T Bank ('Carpets Revolver'). The Carpets Revolver carries a term of 24 months and accrues interest at a rate of Libor plus 4.00%. The Carpets Revolver is secured by a first lien on all corporate assets of Carpets and its subsidiaries. The Carpets Revolver is guaranteed by Faneuil and secured by a lien on all of the corporate assets of Faneuil.
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