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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BMO Bank Agents $150MM Credit Facility for Willdan Group
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Lenders/Participants
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BMO Bank [Administrative Agent]
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Structure
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$100MM Term Loan; $50MM Revolving Credit Facility
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Amount
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$150.000
Million
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Borrower(s)
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Willdan Group
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Description
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On September 29, 2023, the Company completed the refinancing of its credit facilities and entered into a new three-year credit agreement with a syndicate of financial institutions as lenders and BMO Bank as administrative agent. The Credit Agreement provides for (i) a $100 million term loan and (ii) a $50 million revolving credit facility, each maturing on September 29, 2026. The Credit Agreement replaces the Company’s Amended and Restated Credit Agreement dated June 26, 2019. The Company used the proceeds from the Credit Agreement’s term loan to repay and terminate the prior credit agreement, which was scheduled to mature on June 26, 2024, as well as to fund certain fees and expenses associated with the Credit Agreement. The Company also intends to use the Credit Agreement to provide working capital, finance capital expenditures and acquisitions, and other general corporate purposes.
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Industry
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Engineering
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| Related Tags |
BMO Bank
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ABL Advisor
Deal Tables
2025
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