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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 (“DBM”) 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 DBM’s existing debt obligations, fund a portion of the Banker Steel acquisition and provide additional working capital capacity. ....

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