Atwell, a consulting, engineering and construction services firm, secured a $200 million senior credit facility with a lending group led by Bank of America. U.S. Bank, TD Bank and Old National Bank are also part of the lending group.
The new facility provides increased capacity to drive anticipated organic and acquisition growth for Atwell. Terms of the transaction were not disclosed.
“Atwell has seen tremendous growth over the past several years, and we intend to continue growing to better serve our clients, expand into new markets and geographies, and create the strongest opportunities for our people to grow professionally,” Brian Wenzel, CEO of Atwell, said. “This agreement with Bank of America will allow us to optimize our capital structure and give us the flexibility needed to accomplish our goals.”
Atwell was advised in this transaction by its Exclusive Placement Agent
Nomura Securities International served as exclusive placement agent to Atwell for this transaction, while Cohn Reznick served as accounting advisor and Bodman served as legal advisor.