Home - Client Transactions - $122.5m Refinance and Growth Capital Funding lines- ASX listed Security Monitoring Services

$122.5m Refinance and Growth Capital Funding lines- ASX listed Security Monitoring Services

Completion of Debt Refinancing and Admission to All Ordinaries Index

$122.5m Refinance and Growth Capital Funding lines- ASX listed Security Monitoring Services

Service

$122.5m Refinance and Growth Capital Funding lines- ASX listed Security Monitoring Services

Client

Intelligent Monitoring Group Ltd (ASX Listed) IMG Ltd

Location

National

Industry

Business and Corporate finance

Deal Team

Lead Advisor

Tom Renda

EMK Thomas - Director

Co-Founder Tom Renda brings 35 years of experience in front line and Senior Executive roles in Business, Corporate and Institutional Banking across 3 major banks.

Tom’s area of expertise is working with large private businesses and small and mid cap listed companies providing advice and solutions on:

  • Debt structuring encompassing:
    • Debt sizing analysis,
    • Covenant calibration,
    • Optimal capital stack analysis across alternate debt products,
    • Working capital analysis
  • Mergers and Acquisition Funding
  • Growth and Re-Gearing Finding
  • Arranging Club Transactions
  • Credit positioning and work out negotiation with financiers
  • Structured Finance

Thomas (Tom) Renda is a credit representative (510599) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237)

The Challenges

Business had grown via acquisition, funded by equity and non-bank Debt lines. Company wanted to test whether the financial profile would now allow transition from non-bank to lower cost bank funding lines.

Our Solution

Highly detailed analysis of the successful integration of acquisitions over time and current run rate earnings allowed us to position IMG Ltd as a strong credit counterparty. A tender process was run with 5 banks.

* NOTE: Transacted jointly with our partners Neu Capital.

Client's Result

Offers exceeded all expectations in terms of pricing and appetite for Growth Funding with te following additional implemented solutions:

  • New Acquisition Funding Line of $35m procured in addition to the $85m Term Debt refinanced,
  • Total funding cost reduced to less than half the existing debt costs.