Mar 1, 2021
$222.5mm Credit Facility
Total Facility Size: $222.5mm
Structure: Term Loan A + Revolving Credit Facility
Term Loan A Size: $111.25mm
Revolver Size: $111.25mm
Maturity: 5 Years
Interest Rate: 2.125 – 2.625%
Matthews South Role: Financial Advisor
Structure: Term Loan A + Revolving Credit Facility
Term Loan A Size: $111.25mm
Revolver Size: $111.25mm
Maturity: 5 Years
Interest Rate: 2.125 – 2.625%
Matthews South Role: Financial Advisor
Zeta Global: $222.5mm Credit Facility Refinancing
Capital Structure Analysis
- Matthews South analyzed the current balance sheet and future projections to understand the financial position of the company
- EBITDA projections
- Future cash balances
- Debt / net-debt ratios
- Matthews South then worked with the company to understand the desired capital structure and flexibility to execute on their business plans, particularly from covenants perspective
RFP Process
- Understanding the objectives of the company, Matthews South conducted an RFP with potential lenders to get facility proposals
- Matthews South worked with the company to evaluate the lenders’ proposals based on size, interest rates, and flexibility of covenants
Marketing and Pricing Results
- Matthews South helped to ensure that the facility was priced optimally
- New facility resulted in more flexibility vs. the existing facility (with much more company-friendly net-debt / EBITDA ratios), and had a significantly lower all-in interest rate
- Matthews South worked with the company ahead of and during the lender meetings to formulate the ideal bank
