TCW Steel City Arranges $115 Million Acquisition Financing for Revenew International
TCW Steel City has acted as the administrative agent, joint lead arranger, and joint bookrunner for a $115 million financing package. This capital supports Bernhard Capital Partners' acquisition of Revenew International LLC, a Houston-based cost recovery and contract compliance firm. The financing structure includes an $80 million term loan, a $15 million revolving credit facility, and a $20 million delayed draw term loan intended to fund future acquisitions. Stellus Capital Management, LLC also participated in the deal as a joint lead arranger and bookrunner. Revenew International utilizes proprietary technology, such as its gainIQ analytics platform, to assist asset-intensive industries like energy and manufacturing in recovering overpayments and improving financial controls. The flexible capital structure is designed to support Revenew's technological investments and strategic growth initiatives.
Topics: acquisition financing mergers and acquisitions revolving credit facility term loan