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SELECTED TRANSACTION DETAILS
Colbeck Capital Management Arranges $65MM Senior Facility for Limbach Holdings
Friday, April 12, 2019

Lenders/Participants Colbeck Capital Management [Lead Arranger]
Structure Senior Secured Credit Facility
Amount $65.000 Million
Borrower(s) Limbach Holdings, Inc.
Description A $65 million senior secured credit facility, comprised of a $40 million term loan which will refinance existing indebtedness, and a $25 million delayed draw term loan to be used to finance potential acquisitions. The Company also announced the closing of a $15 million senior secured ABL revolving credit facility with Citizens Bank, N.A., a member of the prior credit facility syndicate. The revolving credit facility will be used for general corporate purposes. The $65 million senior secured credit facility consists of (a) $40 million term loan fully funded at closing, and (b) $25 million delayed draw term loan which is undrawn at closing. Both loans have a three-year maturity and bear interest at LIBOR +800bps. The $15 million senior secured ABL revolving credit facility has a three-year maturity and bears interest at LIBOR plus an availability-based margin of 300-350bps.
Industry Infrastructure
Location PA




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