Skyworks LLC

Overview

Deal Type Debt Capital Markets
Size $300 Million
ABL Revolving Credit Facility
Client & Transactional Partners Skyworks LLC
Our Role Joint Lead Arranger
Joint Bookrunner
Administrative Agent

Summary

 

On August 27, 2021, KeyBanc Capital Markets (“KBCM") successfully closed on the syndication of a $300 Million Asset-Based Revolving Credit Facility (the “Revolver”) for Skyworks LLC (“Skyworks” or the “Company”). Proceeds from the Revolver will be used to finance an acquisition and to support ongoing working capital and equipment purchases. KBCM served as Joint Lead Arranger, Joint Bookrunner and Administrative Agent on this transaction.

The new facility is an upsize of Skyworks’ existing ABL Revolving Credit Facility and extends maturity to August 2026. KBCM leveraged the Company’s strong operating performance and existing banking relationships to obtain favorable terms that increase the Company’s financial and operating flexibility. KBCM has a long-standing relationship with Skyworks and has executed several successful transactions for the Company.

Skyworks is an equipment rental company that rents and sells aerial lift equipment, bridge platforms, and general construction related equipment to customers throughout the eastern United States. The Company also provides major/minor repair and rebuild work, on-job site repair, quarterly and annual inspection, and preventative maintenance services. Skyworks operates 18 yards in New York, Ohio, Pennsylvania, New Jersey, Tennessee, Florida and Michigan.

 

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