Deal Details
Senior Secured Second Lien Notes
Summary
Baird served as a co-manager on this offering
About
Modular Space Corporation (“ModSpace” or the “Company”), a portfolio company of Calera Capital and ABS Capital, recently completed an offering of $375 million aggregate principal amount of 10.25% senior secured second lien notes due 2019. The Company intends to use the net proceeds from the offering to repay all outstanding indebtedness under, and terminate, its existing second lien term loan and to repay a portion of the outstanding borrowings under the Company’s asset-based revolving credit facility.ModSpace is a leading North American provider of modular buildings and related services fulfilling temporary and permanent space needs with 80 branch and service locations across the United States and Canada. ModSpace is headquartered in Berwyn, Pennsylvania.
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- Date
- February 2014
- Company
- Modular Space Corporation
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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