We represented Smyrna Ready Mix Concrete in the closing of a $97.5 million syndicated credit facility with Regions Bank, as administrative agent. The transaction involved the refinancing of 20 existing loans, resulting in a consolidated single credit facility that required over 40 real properties in six states to be mortgaged and provides this new client with capital to fuel its growing business.
$97.5 Million Credit Facility for Smyrna Ready Mix
$97.5 Million Credit Facility for Smyrna Ready Mix
We represented Smyrna Ready Mix Concrete in the closing of a $97.5 million syndicated credit facility with Regions Bank, as administrative agent. The transaction involved the refinancing of 20 existing loans, resulting in a consolidated single credit facility that required over 40 real properties in six states to be mortgaged and provides this new client with capital to fuel its growing business.