Alvarez & Marsal Advises Vertex Resource Group On The Refinancing Of Its Senior And Subordinated Credit Facilities

7/20/17

Leading global professional services firm Alvarez & Marsal (A&M) announced today the successful completion of a refinancing for Vertex Resource Group Ltd. (“Vertex” or the “Company”). Headquartered in Sherwood Park, Alberta, Vertex is a leading North American provider of environmental and industrial services, employing over 450 staff. The Company has been undertaking an aggressive roll-up strategy, acquiring and consolidating smaller services companies in Western Canada.

In this role, A&M advised on a combined $65.5 million refinancing with three different lenders. Two senior secured credit facilities were negotiated, comprising a revolver and term loan for a combined size of $60 million. A subordinated credit facility was refinanced with a third lender in the amount of $5.5 million.

As Vertex’s exclusive financial advisor, A&M worked together with the company’s management team to market, structure, arrange and negotiate the refinancing.

“A&M was actively involved throughout a very competitive process” said Terry Stephenson, President of Vertex “A&M helped us secure a favorable refinancing package that provides us with the flexibility to continue to execute upon our business plan. We are extremely pleased with the outcome and appreciated the market knowledge and transaction support that A&M delivered to this situation.”

About Vertex

Established in 1976, Vertex is a leading North American provider of environmental and industrial services. With over 40 years of expertise, Vertex helps clients achieve their development goals through a versatile suite of services. From the initial site selection, consultation and regulatory approval, through the construction, operation and maintenance phases, to conclusion and environmental cleanup, Vertex offers a diverse range of services throughout the life cycle of clients’ projects.

Vertex serves clients in the oil and gas, oilsands, petrochemical, renewable energy, utilities, agriculture, forestry, drilling, midstream, mining, aggregate and municipal sectors.

About Alvarez & Marsal

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to activate change and achieve results.

Privately held since 1983, A&M is a leading global professional services firm that delivers business performance improvement, turnaround management and advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action. Our senior professionals are experienced operators, world-class consultants and industry veterans who leverage the firm's restructuring heritage to help leaders turn change into a strategic business asset, manage risk and unlock value at every stage.

When action matters, find us at alvarezandmarsal.com. Follow A&M on LinkedIn, Twitter and Facebook.

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