Doyon, Limited
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$95 Million Senior Secured Credit Facilities |
| Client & Transactional Partners |
Doyon, Limited |
| Our Role |
Administrative Agent Joint Lead Arranger Sole Bookrunner |
Summary
On May 3, 2022, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $95 million of Senior Secured Credit Facilities (Credit Facilities) for Doyon, Limited (Doyon or the Company), consisting of a $75 million Revolving Credit Facility and a $20 million Term Loan Facility. The proceeds from the Credit Facilities were used to refinance existing indebtedness, fund working capital and for general corporate purposes. KBCM acted as Joint Lead Arranger, Sole Bookrunner and Administrative Agent on the transaction.
Headquartered in Fairbanks, Alaska, Doyon is the Alaska Native Regional Corporation for Interior Alaska, established pursuant to ANCSA. Incorporated in 1972, Doyon’s mission is to continually enhance its position as a financially strong Native corporation in order to promote the economic and social well-being of its shareholders and future shareholders, to strengthen its Native way of life and protect and enhance its land and resources. The Company has diversified revenues from business operations in oil field services, utilities, construction, information technology, natural resources development, tourism, real estate, and wireless telecommunications. These businesses operate in Alaska and the lower 48 states.
