CASE STUDY: Utility Construction

Written By Grant Daunheimer
Transmission powerlines with fog and trees in background

THE DEAL

SIZE: $40 Million
LOCATION: Eastern Canada
SECTOR: Utility Construction
LOAN TYPE: Term

THE REAL WIN FOR DWA.

DWA facilitated the rapid turnaround of a company already in special loans at multiple banks, saving hundreds of jobs from being eliminated and leading to a now well-structured and profitable entity.

THE CHALLENGES.

  • In special loans at multiple banks

  • Lawsuit outstanding

  • Material customer concentration

  • Project based revenue stream

  • Challenged historic financials

RISK MITIGANTS.

  • Rock star management team put in place over the last two years

  • Turnaround has generated two years of positive EBITDA

  • Strong sector tailwinds generating a robust revenue pipeline

  • Guarantee from high net worth investor

OUTCOME.

  • Recapitalized entire capital stack with one senior lender

  • Creative loan structure materially reduced debt service in years one and two providing working capital flexibility

  • Significantly reduced reporting requirements for the CFO

 

BORROWER TESTIMONIAL.

“The team at DWA executed as promised using what has to be one of the most extensive lender networks in the country. Their communication, professionalism, work ethic, and creativity shone through regardless of the challenges faced.

The financing outcome was better than we expected and DWA delivered a structure that fit our needs very well allowing our company to grow and prosper.

We would not hesitate to use them again or recommend their services to anyone in need of creative debt solutions.”

Grant Daunheimer
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CASE STUDY: Utility Service