Company seeks to consolidate and extend its second lien borrowing base
Salt Lake City, Utah - November 3, 2022
With over 1,600 employees and a real estate portfolio valued at $280MM the company intends to consolidate and extend the borrowing base on its second lien position to a total of $70MM.
With a combined net equity value in excess of $420MM, the balance sheet equity and intellectual property value constitute backstop resources representing various multiples in excess of the target financing.
About Excend
Excend provides investment banking services to middle market organizations.