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Business Services, Industrials | Debt & Equity Financings, Mergers & Acquisitions

Micromeritics Completes Leveraged Recap

    • TM Capital represented Micromeritics Instrument Corporation in a management-led leveraged recapitalization which included the repurchase of 50% of the company’s outstanding stock and the refinancing of existing indebtedness
    • TM advised Micromeritics in negotiating the repurchase of stock from a group of non-management shareholders
    • TM also served as placement agent of the debt capital used to facilitate the transaction, consisting of Senior Secured Credit Facilities provided by SunTrust Bank and Senior Subordinated Notes provided by Westbury Partners
    • TM orchestrated a competitive financing process that resulted in a variety of senior secured, subordinated and “unitranche” debt proposals from a diverse group of lending institutions
    • Micromeritics is one of the world’s leading designers and manufacturers of proprietary particle measurement instruments and accessories sold into industrial, educational and governmental research and testing lab environments across the globe

has completed a management-led leveraged recapitalization with Senior Secured Credit Facilities provided by

Senior Subordinated Notes provided by

Micromeritics Completes Leveraged Recap

TM Capital advised Micromeritics Instrument Corp. in a management-led leveraged recapitalization which included the repurchase of 50% of the company’s stock and a refinancing of indebtedness

Details

For more information, contact our industrials team at:

industrials@tmcapital.com

Client Testimonial

As Westbury Partners has closed on over 75 transactions in the past 10 years, we had a broad context to view TM Capital's role in this financing. We felt TM did an outstanding job and kept the process on an efficient track from start to finish. They were very proactive and provided Westbury with descriptive materials and follow-on analysis that allowed us to wrap our arms around a complicated story very efficiently. They also very concisely articulated the Company's capital structure priorities. This clear understanding of the credit and the Company's objectives enabled Westbury Partners to provide a tailored solution that was extremely attractive both for us and Micromeritics.”
 James W. Schubauer II, President, Westbury Partners