Engineered Machinery Holdings, Inc.
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||
Joint Lead Arranger
On May 21st, 2021, KeyBanc Capital Markets (“KBCM") successfully closed a transaction consisting of $820 million of senior secured credit facilities for Engineered Machinery Holdings d/b/a as Duravant (“Duravant” or the “Company”). The $75 million Incremental Revolving Credit Facility (the “Revolver”), $570 million Incremental Euro-equivalent First Lien Term Loan (the “1LTL”), and $175 million Incremental Second Lien Term Loan (“2LTL”) will be used to support the Company’s acquisition of Foodmate, add cash to the balance sheet and pay all transaction related fees and expenses. KBCM was chosen to serve as Joint Lead Arranger and Joint Bookrunner on this transaction due to our Industrials Investment Banking’s industry expertise and longstanding relationship with the Company, the Financial Sponsor Group’s relationship with Warburg Pincus (“Warburg” or the “Sponsor”) and Leveraged Finance's support of the financing.