Concord Financial Advisors served as exclusive financial advisor and arranged $21 million in senior debt in the form of a senior secured revolving line of credit for The O’Gara Group. UMB Capital Finance provided the financing, which The O’Gara Group will use to refinance existing debt and to support working capital.
“Concord delivered the capital we needed,” Dominic Hunter, CFO of The O’Gara Group, said. “They ran their proprietary process, sourced multiple competitive proposals from their nationwide network of financial institutions and helped us negotiate an advantageous deal for O’Gara. We are very pleased with our new lender and highly recommend Concord’s services for companies seeking debt financing.”
“Concord ran an efficient debt placement process especially with the challenges presented by COVID-19,” Nathan Harrell, managing director of Monroe Capital, said. “Concord quickly identified multiple lenders who understand the defense industry and sourced and negotiated several creative financing proposals. Concord was able to deliver on exactly what they promised.”
