Nationwide Wireless Retailer

Situation

The Company was seeking to buyout the existing majority owner of the business and secure capital for several future acquisitions.

Solution

Amherst was engaged as an exclusive financial advisor to assess current operations, industry trends, future growth opportunities, management dynamics, and secure potential financing alternatives.

Results

The Amherst team worked with the client to more effectively position the story and identify a range of suitable financing structures that would enable the Company to achieve its financing, operational and growth goals.

As a result of Amherst’s broad relationships with lenders on a global scale, the firm was able to secure 10 term sheets for cash flow-based debt, which also did not require personal guarantees. The process created a competitive dynamic among interested lenders, allowing for favorable deal terms and creative structures.

The Company secured a unitranche debt facility to complete its recapitalization, as well as a delayed-draw term loan facility for potential acquisition growth.

The Company nearly tripled its EBITDA over the following 12-months.