|The Capital Solutions Group (“Capital Solutions”) announces the closing of a $44 million senior secured debt facility to refinance existing debt and also provide add-on acquisition financing for a private equity sponsored platform in the telecom infrastructure services industry (the “Company”). Capital Solutions acted as the exclusive debt advisor to the Company for the financing. “We continue to add to our track record of successfully executing sponsored middle market debt financings with value-added results,” commented Brad Stewart, Partner, who led the financing for Capital Solutions. |
Added Rob Hornstein, Managing Director, who was also on the Capital Solutions team: “During the financing process, the Company identified an accretive add-on acquisition to further diversify its service offering and increase its scale. As part of our ongoing discussions with prospective lenders, we quickly pivoted to increase the total debt facility amount to include committed financing for the add-on acquisition.”
Proceeds were used to refinance existing debt, provide financing for the add-on and also included a revolver for working capital purposes.
About The Capital Solutions Group: Since our founding in 2009, we have advised on over $3 billion of debt issuance, financial restructuring / amendments, and strategic advisory assignments; these transactions have been executed primarily for private equity sponsored companies.