Complete Case details are given below :
Case Name : Prime Micro Inc.
Authors : Kenneth Eades, Jay Thaker
Source : Darden School of Business
Case ID : UV5665
Discipline : Finance
Case Length : 19 pages
Solution Sample availability : YES
Plagiarism : NO (100% Original work)
Description for case is given below :
The vice president in SouthBank’s Corporate Banking Group was reviewing an opportunity for SouthBank (SB) to bid to become the agent bank in a $120 million revolving credit facility for Prime Micro Inc. (PMI). SB’s competition for the agent’s position would be Texas Trade Bank (TTB), which had been PMI’s lead bank for many years. Despite SB’s attempts to displace TTB over the past several years, this was SB’s first real opportunity to gain agent status. As agent bank on this deal, SB would likely be viewed by PMI as its lead bank, which, due to PMI’s considerable banking needs, would allow SB to realize significant fee income in the future. Although delighted with the prospect of getting PMI as a new client, the vice president was worried about PMI’s creditworthiness.
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