McGuireWoods represented Strata Worldwide, a global provider of mine safety products and technologies, in a refinancing of its current debt. The new $69 million credit facilities consist of a $54 million senior secured term loan provided by Morgan Stanley Private Credit and a $15 million revolving credit facility from Wells Fargo Capital Finance.
The loans will help Strata Worldwide consolidate its outstanding debt and support other general corporate purposes.
McGuireWoods’ Penny Zacharias, Peter Butcher, Christi Davis, Laura DeGeer and Benjamin Iselin advised Strata Worldwide. The firm also represented the company in its 2017 acquisition of Precision Mine Repair.