client_transactions

SSG Client Transactions

Title

Cotton Holdings Inc.
Client Profile

Client Profile

Cotton Holdings, Inc. (“Cotton” or the “Company”), headquartered in Katy, TX, is a privately-held provider of infrastructure services such as disaster restoration, construction, roofing, consulting, temporary housing and integrated services. The Company offers a one-stop solution for complete disaster recovery and logistics services for complex, large-scale infrastructure projects in North America and beyond. Cotton is one of a handful of companies in the U.S. that is capable of handling multi-million dollar disaster remediation projects and, as an example, was instrumental in providing critical service in the aftermath of Hurricane Sandy. The Company is also rapidly growing its temporary housing division to support the oil and gas industry’s exploration of domestic shale formations.
Situation

Situation

The continued growth of Cotton’s temporary housing business, coupled with the significant working capital required to complete large scale and usually unexpected disaster remediation work, created the need for additional liquidity in the business.
Solution

Solution

SSG, working closely with company management and the Board, helped facilitate negotiations among key stakeholders that enabled the Company to successfully complete an $11.4 million Senior Secured Note Exchange Offer with existing bondholders. The new bond indenture extended the maturity and also gave the Company flexibility to source a new senior credit facility to provide growth capital. SSG canvassed the senior credit markets and delivered a $10.0 million revolving credit facility and $3.0 million capital expenditure line.
August 2013
$11,414,748
Senior Secured Note Exchange Offer
$10,000,000
Revolving Credit Facility
$3,000,000
Capital Expenditure Facility
The undersigned acted as the exclusive Investment Banker to Cotton Holdings, Inc. on this transaction.

Call to learn more

Call to learn more

If you would like to learn more about this transaction, or any of our transactions, call us today.

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(212) 786-7432

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