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.
Excend provides investment banking services to middle market organizations.