Private Credit

Supply Chain Financing II.F

Annualized Yield3

Term remaining3

29 months

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Status

Closed

Recently funded

Accepting $10,000 - $250,000 investments

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Accepting $10,000 - $250,000 investments

Overview

Yield

Gross yield

8.75%

Management fee

1.25%

Target yield

7.5%

Interest type

Actual 360

Schedule

Payment schedule

At maturity

Prefunded

Yes

Term

Date

Target term

Aug 23, 2021

Structure

Tax document

1099-INT

Offering structure

BPDN

Expenses

First year expense

$35

Annual flat expense

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Important Notes

Learn more about supply chain financing programs here.

This investment is an opportunity to invest in the same supply chain financing program with the same global distributor offered to investors in the SCF II series, which have either fully repaid or continue to perform in line with expectations.

Essentials

Please refer the Series Note Supplement for more details about this offering.

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Cash Flow

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Assets

What is the repayment obligation underlying the transaction?

Highlights

Experienced distributor

Company payment obligation

Increased demand

Approved supplier invoices

Experienced originator

The distributor supplies containerboard and tissue to a variety of domestic and international customers in five regions of the world: North America, South America, Italy, Spain, and Hong Kong. The distributor also supplies lumber and related building products, primarily in the United States, for the construction of multi-family homes.
The management team has a proven track record of growing revenue and generating operating cash flow sufficient to service debts and trade payments. The distributor has been in business for decades and has built and sustained growing, long-term relationships with customers and suppliers around the globe.
The distributor has provided an IPU that obligates them to pay in full on the maturity date of August 23, 2021. To ensure that there is adequate cash flow to make payments as they come due, the distributor has purchased credit insurance for their receivables from an internationally recognized credit insurance agency rated A by A.M. Best. In addition, they have a nine-figure working capital revolving credit facility with a regional bank.
Since the pandemic began, demand for cardboard, paper and lumber products has increased. Restaurants are now using much more paper in an attempt to cater to the growing number of take-out orders they receive. Consumers are buying more goods online and are having them shipped to their homes, generating the need for more boxes. Homeowners are now spending more time at home, which has led to an increase in renovation projects, increasing the need for lumber and building-related materials. People are also leaving dense cities for the suburbs, as such, construction of multi-family homes has spiked.
The distributor has many customers with growing needs for product in the transportation of produce, packaging supplies and the construction industry. The distributor is benefiting from the current increase in demand across all of these industries both domestically and internationally.
All invoices that are part of this supply chain financing were approved by the distributor and reviewed by Raistone.
Raistone Capital is a market-leading provider of accounts receivable financing, helping companies manage their cash conversion cycle and providing them with much needed liquidity to grow and thrive. The collective expertise of Raistone’s accomplished leadership team is made up of industry veterans hailing from the world’s largest trade finance institutions, amounting to over $500B of receivable assets purchased and 150 supply chain finance programs created over the last 15 years. The firm’s industry experience and cloud-based technology is combined with its extremely prudent, market-tested credit underwriting.

Resources

This offering page describes only certain aspects of the offering ("Offering") of the securities issued by YS ALTNOTES II LLC ("Issuer"). The Offering is made only by means of the Private Placement Memorandum dated January 14, 2022 and the Series Note Supplement relating to the Offering (collectively, the "Offering Documents"). The information on this offering page is a summary of the Offering, does not purport to be complete and should not be considered a part of the Offering Documents, or as incorporated in the Offering Documents by reference or as forming the basis of the Offering. No person has been authorized to give any information or to make any representations other than those contained in the Offering Documents or in any marketing or sales literature issued by the Issuer or Yieldstreet Management, LLC, as adviser thereto, and referred to in the Offering Documents, and, if given or made, such information or representations must not be relied upon. All investors must read the Offering Documents in their entirety prior to investing in the securities.

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³ "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

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