Santek Waste Services, a privately held manager of publicly owned solid waste landfills in the U.S., has secured a new $153 million credit facility that will allow it to refinance its existing indebtedness.
The recapitalization financing was comprised of a revolving credit facility, a unitranche senior term loan as well as a delayed draw term loan led by Goldman Sachs Specialty Lending Group and Benefit Street Partners. Lampert Debt Advisors served as exclusive financial advisor and placement agent to Santeck.
The facility also provides for significant unused debt capacity for working capital, capital expenditures and acquisitions while providing capital for other general corporate purposes.
Cleveland, TN-based Santek is a vertically integrated waste firm that currently manages 17 solid waste landfills, five transfer stations and waste collection divisions in five states, primarily in the Southeast.