TCW Steel City aerved as administrative agent, joint lead arranger and joint bookrunner on a $115 million acquisition financing supporting Bernhard Capital Partners’ acquisition of Revenew International.
The financing consists of an $80 million term loan, a $15 million revolving credit facility and a $20 million delayed draw term loan to support future acquisitions. Stellus Capital Management participated as joint lead arranger and joint bookrunner.
“We are pleased to support Bernhard and Revenew through this acquisition financing,” Walt Hill said on behalf of Steel City. “The flexible financing structure provides capital to complete the transaction while supporting Revenew’s continued growth and future acquisition opportunities. Bernhard has become an important sponsor relationship for Steel City, and we are excited to continue building upon that through future transactions that support their portfolio companies.”
Phil Preis, managing director, capital markets at Bernhard Capital Partners, added, “Revenew has established a strong reputation for helping organizations improve profitability and reduce risk through innovative contract compliance and profit recovery solutions. This financing provides a flexible capital structure that supports our acquisition of Revenew and positions the company to continue investing in its technology, expanding its service offerings and pursuing strategic growth opportunities. We appreciate Steel City’s partnership and expertise in helping bring this transaction to a successful close.”
