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Overview
What is Expansion Capital?
Expansion or growth capital is financing that helps companies invest in their next stage of growth. Businesses often use growth capital to fund new facilities, expand into new markets, increase production capacity, make strategic hires, or pursue other initiatives that support long-term business objectives.
PGIM’s Approach to Expansion Capital
Because expansion opportunities vary by company, industry, and market conditions, there is no one-size-fits-all financing solution. We partner with businesses to understand their growth plans, evaluate available capital structures, and provide flexible, long-term financing that can support both immediate investments and future growth initiatives.
Who We Work With
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Understanding Expansion Capital
Typical financing sizes include:
- Senior debt: $10 million to $300+ million
- Subordinated debt: $10 million to $100+ million
- Preferred equity: $10 million to $50+ million
Companies will generally pursue an expansion financing strategy for major geographical expenditure programs, move into new geographic markets, and/or investments into new technologies.
Collapse SectionFinancing can be structured as fixed- or floating-rate, secured or unsecured, with maturities ranging from 3 to 30+ years and either amortizing or bullet repayment profiles. We can provide senior debt alongside subordinated debt and equity, delivering an integrated solution through a single, relationship-oriented capital provider.
Collapse SectionCompanies value our relationship-oriented approach, ability to provide follow-on capital as growth needs evolve, understanding of complex business requirements, and capacity to fund across the capital structure through senior debt, subordinated debt, and preferred equity.
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