Alvarez & Marsal (A&M) announced the successful completion of a refinancing for Toronto-based IBI Group, a globally integrated architecture, planning, engineering, and technology firm with over 2,200 professionals around the world.
As exclusive financial advisor, A&M advised on a $90 million senior secured credit facility involving a syndicate of banks.
As IBI Group’s exclusive financial advisor, A&M worked hand-in-hand with the Company’s management team to market, structure, arrange and negotiate the refinancing.
Scott Stewart, CEO of IBI Group, commented, “A&M was actively involved throughout a very competitive process. A&M helped us secure a favorable refinancing package that provides us with the flexibility to continue to execute upon our business plan. We are extremely pleased with the outcome and appreciated the market knowledge and transaction support that A&M delivered to this situation.”