U.S. Government Logistics Provider secures new debt financing

CLIENT
Project Bay (“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.

SITUATION
Following the award of a $42 million 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 raise 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.

G2 Securities (“G2”) served as exclusive financial advisor to Bay. G2 Securities offers securities through Western International Securities, Inc., Member FINRA, SIPC. G2 Securities and Western International Securities are separate and unaffiliated entities.