|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||
Southeast Utilities of Georgia
Left Lead Arranger
On June 30th, KeyBanc Capital Markets (“KBCM") successfully closed the syndication of $130 million Senior Secured Credit Facilities for Congruex Group LLC (“Congruex” or the “Company”). The facilities are comprised of a $35 million Revolving Credit Facility (the “Revolver”), a $65 million Senior Secured Term Loan Facility (the “Term Loan”), and a $30 million Delayed Draw Term Loan (the “DDTL”). Proceeds from the facilities will be used to support the Company’s acquisition of Southeast Utilities of Georgia (“SEU”), repay existing indebtedness, support ongoing working capital needs, and pay transaction related fees and expenses. KBCM served as Left Lead Arranger, Joint Bookrunner, and Administrative Agent on the Company’s inaugural syndicated transaction.