Debt Financing

The Company operates a landfill and related waste transfer stations.

Transaction Overview:

The Company needed to refinance an existing debt facility as well as source a construction loan to finance the acquisition of land and the building costs for a new transfer station. Trestle was engaged to find options for both loans with either one lender or multiple sources.

Results:

Trestle canvassed the debt markets with an emphasis on institutional lenders with a history of lending in the waste management industry. The Company pursued a transaction with one lender who refinanced the existing debt through a new term loan and revolving line of credit facility and provided a construction loan that was convertible into permanent financing at the completion of construction.