Project Verde

FULLY SUBSCRIBED

Vertex Energy is an environmental service company focused on the collection and recycling of used motor oil.


14.00% Total Interest (gross)
$5,000,000 Total Availability

  • Total Loan Size: $20,000,000
  • Cash Interest Rate (gross): 14.0% starting (gross)
  • Loan Priority: Senior (Split Lien)
  • Term Length: 3 years
  • Interest Frequency: Monthly
  • Loan Amortization: Partial, Monthly
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COMPANY OVERVIEW
The Company is an environmental services company that collects, processes, and resells used motor oils and used oil-related products. In addition to its core business, the Company manages the transportation, storage, and delivery of its aggregated feedstock to end customers. The Company also manages the re-refining of the majority of its petroleum composites in order to process them into higher-value end products.

The Company struggled in 2015 and early 2016 with the downturn in oil prices, necessitating a transition of its business. However, after working with its customers, the Company has been able to transition its input costs to be more elastic and become EBITDA positive over the last two quarters. Please see below for more details.

CrowdOut is partnering with a well capitalized, sophisticated non-bank lender to finance the Company.

If you are interested in investing, we do require third party verification of accredited status. A letter can be completed by a lawyer, accountant, RIA or Broker Dealer. Here is a sample letter for your convenience.

THIS LOAN IS SUBJECT TO FINAL CONFIRMATORY DILIGENCE AND DOCUMENTATION.

INVESTMENT HIGHLIGHTS

    • Industry Leader: The Company’s is a vertically integrated used motor oil collector, processor and reseller, giving it a significant competitive advantage over less integrated competitors.
    • Committed, Experience Management Team: Management has tremendous experience, with the CEO and CFO having been with the Company since its inception, and the rest of the senior team having more than 20+ years of experience.
    • Significant Asset Coverage: The Company has a large and diverse asset base, including refineries, real estate, rolling stock and other equipment.

 

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The forward-looking statements included on this website, INCLUDING any PROJECTIONS SET FORTH hereIN, are not historical facts or guarantees of performance, but rather are based upon THE COMPANY’S expectations, estimates and projections.  Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “hopes,” “estimates,” “projects,” “FORECASTS,” “potential” and similar expressions and variations of these expressions, or future or conditional words such as “will,” “would,” “should,” “could,” or “may,” are intended to identify forward-looking statements.  Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many of which are beyond the control of the Company, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.  These risks and uncertainties include those described below in the section entitled “Risk Factors AND CERTAIN CONFLICTS OF INTEREST.” NO ASSURANCE CAN BE GIVEN THAT YOUR INVESTMENT OBJECTIVES WILL BE ACHIEVED.  The Company does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. YOU ARE cautioned not to place undue reliance on forward-looking statements.