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SELECTED TRANSACTION DETAILS
UMB Bank Leads $220MM Credit Facility for HC2 Holdings Portfolio Company DBM Global
Friday, May 28, 2021

Lenders/Participants UMB Bank [Lead Syndicator, Lead Lender]
Structure $110MM Revolver; $110MM Term Loan
Amount $220.000 Million
Borrower(s) DBM Global LLC
Description A new credit agreement that provides for a $110 million term loan and a $110 million revolving credit facility, which will be used to fully repay DBM’s existing debt obligations, fund a portion of the Banker Steel acquisition and provide additional working capital capacity. The new Credit Agreement from a syndicate led by UMB Bank provides for senior secured debt of DBM in the total amount of $220 million, comprised of a $110 million term loan and a $110 million revolving credit facility. The revolving credit facility will mature on May 31, 2024 and will bear an initial interest of prime minus 1.10%. The term loan will mature on May 31, 2026 and will bear an interest rate of 3.25%. In addition to funding a portion of the Banker Steel acquisition, the term loan and revolving credit facility will be used to repay any and all outstanding amounts on DBM’s existing credit agreement with Wells Fargo Bank and DBM’s existing loan from TCW Asset Management Company. There is no prepayment premium. Any undrawn amounts under the revolving credit facility will be available for DBM’s general corporate purposes.
Industry Specialty Industries
Related Tags UMB Bank




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