Bailey & Galyen

Client Profile

Founded in 1987, Bailey & Galyen is a full-service consumer law firm with 16 offices throughout Texas and Arkansas.  The Firm provides individual and company representation in more than 11 practice areas, including: personal injury; divorce and family; workers’ compensation; employment; criminal defense; immigration; social security disability; business and corporate; estate planning; civil appellate; and municipal law. With 39 full-time attorneys and support from a robust workforce, the Firm has a platform of resources to draw upon when counseling clients.

Situation

Bailey & Galyen sought to restructure and refinance its existing credit facility and secure additional capital to fund future business plans.

Solution

SSG was retained in May 2022 to assist with the refinancing of the Firm’s existing debt.  SSG leveraged its broad network of financing sources and solicited interest from a targeted list of traditional and alternative capital providers as well as specialty law firm lenders. After receiving numerous competitive term sheets, a revolving credit facility provided by Pravati Capital, LLC (“Pravati”), was determined to be the best solution.  SSG’s experience working with niche capital providers and its careful management of the relationships with all stakeholders resulted in the resolution of over $40 million of existing indebtedness and provided additional availability necessary to finance Bailey & Galyen’s strategic growth initiatives.