Eastern Montana Minerals
a subsidiary of
has received long-term financing by
ABOUT THE COMPANY:
Airlie Group (“Airlie”) is a global, multi-strategy investment manager that manages a diverse portfolio of credit strategies and control equity investments on behalf of its pooled investment vehicles.
SITUATION:
Airlie’s portfolio company, Eastern Montana Minerals (“EMM”), was seeking long-term financing to monetize its royalty cash flow stream. EMM’s credit strengths include coal reserves, mineral rights, additional reserve collateral provided by the parent company. The mining royalties represent EMM’s primary source of cash flow, which is generated through third party mining and transportation of coal on and around the company’s properties.
ENGAGEMENT:
G2 was awarded the mandate to facilitate a structured credit financing for EMM and develop a strategy to identify the right partner. Due to G2’s relationships among potential lenders and investors, the transaction generated significant interest from a diverse mix of structured credit institutions, private equity groups and family office investors.
OUTCOME:
The transaction was successfully executed in 2014 through a $41.5MM senior secured structured term facility syndicated and led by Deutsche Bank.
DEAL TEAM:
SUB-SECTOR
Natural Resources
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