Concord served as exclusive financial advisor for $16.5 million in senior credit facilities for a general contractor. The financing included an $8 million senior secured revolving line of credit and an $8.5 million letter of credit to refinance existing debt and support working capital needs.
“We are very pleased with the work Concord did for us,” the company’s chief financial officer said. “Their organization of our data in their data room was excellent and the CIM they prepared and methodology used to contact lenders to source proposals was clear, concise and captured the opportunity in a professional manner. Concord’s ability to quickly understand our situation and credit needs was very impressive, and their extensive network of lender relationships is also quite remarkable. We are very pleased with the results and very happy with our new bank.”
