Deal Details
Debt Refinancing
Summary
Baird served as exclusive financial advisor to Great Lakes Dredge & Dock Corporation on this transaction
About
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ:GLDD), recently completed a refinancing through an amended and restated $200 million senior secured revolving credit facility (the “Revolving Credit Facility”). The Revolving Credit Facility will be used to finance ongoing working capital needs and for other general corporate purposes.Founded in 1890, Great Lakes is a leading global dredging service provider and the largest provider of dredging services in the United States holding 42% of the United States dredging bid market share over the prior three calendar years. Great Lakes, with its 129-year history, is recognized as the preferred service provider of capital, coast protection and coastal restoration projects supported by a diverse vessel fleet and veteran management team. The Company is headquartered in Oak Brook, Illinois.
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- Date
- May 2019
- Company
- Great Lakes Dredge & Dock Corporation
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
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