Exclusive Restructuring Advisor
Project Bay
About the Company
Project Bay specializes in training and equipping of foreign militaries and indigenous defense forces with an entrenched position with U.S. government. As a global program manager in support of military sustainment services, Bay maintains a demonstrated past performance of placing people and resources in CONUS and OCONUS locations in support of the U.S. government and coalition partners.
Exclusive Restructuring Advisor
Situation
Following the award of a $42MM U.S. government contract, Bay sought G2’s advisory services to establish a credit facility to fund operations and support general working capital needs.
Engagement
G2 served as the exclusive financial advisor to Bay with a multi-stage mandate that comprised initially of helping to strengthen the company’s financial reporting capabilities in preparation for a capital raise process. Upon completion of the first stage of the engagement, G2 initiated a capital raising process, targeting non-traditional lending partners that had expertise within government contracting and capability to underwrite a facility with cross-border complexity in an expedited manner.
Outcome
G2 successfully executed on a debt raise that resulted in the formation of a customized credit facility for Bay. The facility included a three-party lending group structured to provide Bay with a flexible lending solution required to satisfy the company’s U.S. government contract requirements and solve for future borrowing needs.
Contact
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Whether you are experiencing strong growth or periods of distress, our team is exceptionally prepared to support your strategic objectives with bespoke solutions. There is no one size fits all approach.