Corporate Strategies completed a $200 million debt financing and $65 million recapitalization for one of the nation’s oldest full-service, multi-discipline industrial construction, fabrication and maintenance firms. The financing consisted of a $25 million bank funded accounts receivable revolver and $175 million in private lender funded term loans.
“This recapitalization includes $200 million in new debt financing and the conversion of approximately $65 million in related-party owner debt into preferred equity,” Tim Connolly, CEO of Corporate Strategies, said. “The result is a significantly strengthened balance sheet and enhanced liquidity, positioning the company to seize near-term growth opportunities both domestically and internationally.”
