Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home News

DBM Global Secures $220MM Credit Facility Backed by UMB Bank Syndicate

The amended agreement includes a $135 million revolver and $85 million term loan to refinance debt and fuel growth for the INNOVATE subsidiary.

byRita Garwood
May 22, 2025
in News, Deal Announcements

NEW YORK, May 20, 2025 — INNOVATE Corp. (NYSE: VATE) announced that its subsidiary DBM Global Inc. (“DBMG”) has entered into an amended and restated credit agreement totaling $220 million. The new agreement includes an $85 million term loan and a $135 million revolving credit facility.

Led by UMB Bank, N.A., the syndicate-backed facility will be used to fully repay DBMG’s existing obligations and provide additional working capital. The facility includes an accordion feature that allows expansion up to $270 million and matures on May 20, 2030.

“We are excited to continue our outstanding relationship with our banking partners at UMB and this provides us with sufficient liquidity to support the working capital requirements for our platform of companies,” said Rustin Roach, Chairman and CEO of DBMG.

“The Credit Facility will provide DBMG with long-term flexibility,” added Paul Voigt, INNOVATE’s interim CEO. “DBMG added over $500 million in new awards to their adjusted backlog last quarter. We continue to be optimistic for the remainder of the year and this Credit Facility will help support continued growth.”

Previous Post

SSG Capital Advisors Guides Brightmark Indiana Through Complex Section 363 Asset Sale

Next Post

SouthStar Capital Deploys $4.35MM Across Three Strategic Financing Solutions

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Fervo Energy Secures $421MM in Non-Recourse Project Financing for Cape Station

March 23, 2026
News

Treville Closes Inaugural Capital Solutions Fund

March 23, 2026
Deal Announcements

Assembled Brands Partners with Swag Golf to Fuel Global Omnichannel Expansion

March 23, 2026
Deal Announcements

CB&I Upsizes Credit Facility to $400MM with Bank Syndicate

March 23, 2026
Wingspire Capital Provides Over $500MM in Corporate Finance Commitments in H1/25
News

Eversheds Sutherland Welcomes Young as Finance Partner in Texas

March 23, 2026
News

Honigman Continues Chicago Private Equity Expansion with Big Law Partners

March 23, 2026
Next Post

SouthStar Capital Deploys $4.35MM Across Three Strategic Financing Solutions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Machine Intelligence Meets Middle Market Lending: The Quiet Transformation of Credit Underwriting

Eve Melvan | 2025 Trailblazer
byLisa Rafter
March 13, 2026
ShareTweetSend

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years