Denali Water Solutions, Organix, TPG Growth
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||
Denali Water Solutions
Joint Lead Arranger
On March 25th, KeyBanc Capital Markets (“KBCM") successfully closed the syndication of $455 million Senior Secured Credit Facilities for Dispatch Terra Acquisition, LLC (“Denali Water Solutions” or the “Company”), a portfolio company of TPG Growth, LLC (“TPG” or the “Sponsor”). The facilities are comprised of a $60 million Revolving Credit Facility (the “Revolver”) and a $395 million Senior Secured Term Loan (the “Term Loan”). Proceeds from the facilities will be used to support the acquisition of Organix Recycling, LLC (“Organix” or the “Target”), refinance existing indebtedness, support ongoing working capital needs, and pay transaction related fees and expenses. KBCM served as Joint Lead Arranger and Joint Bookrunner and was chosen to play a role in the financing due to its longstanding relationship with the Sponsor and industry expertise.