DC US acted as exclusive financial advisor and placement agent to MSX International, Inc. (“MSX”) on the refinancing of its $205 million 12.5% Senior Secured Notes and $25 million ABL via a customized private capital solution. To effect the refinancing, MSX raised a combination of debt and equity from institutional capital providers through a transaction that materially strengthens the company’s balance sheet by reducing leverage and cash interest expense.
The junior capital providers include Prudential Capital Partners, Falcon Investment Advisors, and an investment fund managed by Goldman Sachs Asset Management, L.P.; the revolving credit facility and Term Loan A was provided by JPMorgan Chase Bank, N.A. and Citizens Bank of Flint; and the Term Loan B was provided by KKR Asset Management and Cerberus Business Finance. The new capital structure will support the company’s strategic growth and expansion plans.