Breakwater provides $60 mln loan to Global Restoration Holdings
Global Restoration Holdings has secured a $60 million term loan from Breakwater Management LP. The transaction was part of a recapitalization that included a revolving credit facility led by Wells Fargo. The capital infusion will be used to refinance debt, support future growth for the business and provide a shareholder dividend. Global Restoration Holdings is a provider of disaster restoration, reconstruction and renovation services for residential, industrial and commercial property in response to general loss and catastrophic events. Delos Capital formed Restoration via the merger of portfolio companies Interstate Restoration and FirstOnSite Restoration.
2 March 2018•2 mins read
