Concord Arranges $35MM Debt Refinancing for Wireless Telecom Company

Concord provided a $35 million senior secured revolving line of credit to refinance existing debt and support the working capital needs of a wireless telecommunication company in the southern United States._x000D_
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The company’s management has made investments in its operating and technology infrastructure to help position the business for growth. To take advantage its growth levers through existing customers, the company conducted a formal search for a senior lending partner that understands the telecommunications industry, and that could refinance its current debt and provide sufficient working capital as the business scales._x000D_
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Concord was able to quickly help the company navigate its options and find a seasoned lending partner. Concord sourced several proposals to arrange a creative and structurally favorable senior revolving credit facility for the company. Concord successfully closed the transaction in 9 weeks.