The Company operates a landfill and related waste transfer stations.
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.
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.