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UMB Bank Leads $220MM Senior Credit Facility for HC2 Holdings Portfolio Company DBM Global - News

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UMB Bank Leads $220MM Senior Credit Facility for HC2 Holdings Portfolio Company DBM Global
May 28, 2021, 07:46 AM
HC2 Holdings announced that its infrastructure business DBM Global (âDBMâ) has completed its previously announced acquisition of a 100% interest in Banker Steel Holdco from Atlas Holdings. DBM also announced that it has entered into a new credit agreement that provides for a $110 million term loan and a $110 million revolving credit facility, which will be used to fully repay DBMâs existing debt obligations, fund a portion of the Banker Steel acquisition and provide additional working capital capacity.

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HC2 Holdings Portfolio Company DBM Global Completes Acquisition of Banker Steel Family of Companies and Enters into New Credit Agreement

HC2 Holdings Portfolio Company DBM Global Completes Acquisition of Banker Steel Family of Companies and Enters into New Credit Agreement
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Atlas Holdings Completes Sale of Banker Steel

Atlas Holdings Completes Sale of Banker Steel
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2021 NYCxDESIGN Awards Finalists

2021 NYCxDESIGN Awards Finalists
By Interior Design Staff
Interior Design and ICFF are pleased to announce the finalists for the sixth annual NYCxDESIGN Awards. The program celebrates outstanding talent across major areas of design such as architecture, interiors, product design, graphics and branding, student design, and more, unifying New York City's showcase of global design. Finalists for both Products and Projects are named in over 60 categories listed below.
Winners and honorees will be announced during the live-streamed NYCxDESIGN Awards Ceremony, hosted by editor in chief Cindy Allen. DesignTV by SANDOW is streaming the ceremony on May 17-18 at 1:30 p.m. EST on interiordesign.net and on our Facebook page.

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HC2 Holdings Portfolio Company DBM Global to Acquire Banker Steel Family of Companies, Leading Providers of Fabricated Structural Steel and Erection Services

HC2 Holdings Portfolio Company DBM Global to Acquire Banker Steel Family of Companies, Leading Providers of Fabricated Structural Steel and Erection Services
Acquisition Will Expand HC2’s Leading Steel Infrastructure Business with Enhanced East Coast and Southeast Presence
March 15, 2021 07:00 ET
| Source:
HC2 Holdings, Inc.
HC2 Holdings, Inc.
New York, New York, UNITED STATES
NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC) announced today that its core infrastructure business DBM Global (“DBM”) has reached an agreement to acquire a 100% interest in Banker Steel Holdco LLC (“Banker Steel”). The Banker Steel family of companies, in the portfolio of Atlas Holdings LLC (“Atlas”), is based in Lynchburg, Virginia and provides fabricated structural steel and erection services primarily for the East Coast and Southeast commercial and industrial construction market. Banker Steel consists of six operating companies: Banker Steel Co., LLC, NYC Constructors, LLC; Memco LLC; Derr & Isbell Construction LLC; Innovative Detailing and Engineering Solutions; and Lynchburg Freight and Specialty LLC. The transaction is subject to a financing condition and other customary closing conditions and adjustments, and is expected to close during the second quarter of 2021.

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