Debt refinancing

Gulf Coast Asphalt Company LLC

Our attorneys represented Gulf Coast Asphalt Company, LLC in a debt refinancing and related internal restructuring. The transaction included a $40 million term loan facility with Medley Capital Corporation and certain of its affiliates, the proceeds from which were primarily used to refinance Gulf Coast Asphalt Company’s existing indebtedness. In a related transaction, Gulf Coast Asphalt Company converted its existing loan from IBERIABANK into a $15 million revolving credit facility.

Gulf Coast Asphalt Company, LLC is a full service liquid bulk storage terminal company and provider of liquid asphalt products headquartered in Houston, Texas, with facilities in Mobile, Alabama.

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