ABL Revolver & Long Term Loan Financing from
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ABOUT THE COMPANY:
Williams Industrial Services Group Inc. (“Williams” or the “Company”), is a leading provider of construction, maintenance, project, and support services to the energy, power, and industrial end-markets.
SITUATION:
Given its strong financial outlook, past restructuring, and market opportunity, Williams wanted to refinance its existing debt in order to lower interest expense, enhance liquidity, and fund growth opportunities.
ENGAGEMENT:
G2 served as the exclusive financial advisor to the Company, providing combined Capital Markets capabilities and industry expertise from its Industrials & Manufacturing (“I&M”) practice through a multi-stage engagement. Leveraging the I&M Financial Advisory work, G2’s Capital Markets team ran a highly competitive process and identified financial partners who were able to provide Williams a flexible capital structure that expands with growth needs.
OUTCOME:
G2 successfully raised approximately $80 million of total new debt commitments to refinance existing debt and fund future growth initiatives, while extending existing maturities by three years and significantly lowering the cost of capital.
DEAL TEAM:
SUB-SECTOR
Construction & Engineering
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Project Air
Phase 1 Strategic Assessmment and Operational & Financial Restructuring
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