![]() It is especially satisfying to provide Yellowstone with a capital structure that offers the flexibility needed to fund its ongoing strategic and operational initiatives.” About Yellowstone Landscape Group The financing package enabled the Company to benefit from current market conditions, lower its cost of capital and enhance terms and conditions. Lincoln’s market knowledge and contacts allowed us to identify the ideal partners for this transaction, simplify Yellowstone’s capital structure and refinance the Company with terms and pricing that exceeded our expectations.”īob Horak, Managing Director and co-head of Lincoln’s Debt Advisory Group, added, “The Yellowstone transaction is a perfect example of how financial sponsors can optimize a financing by engaging Lincoln to execute a competitive capital raising process. Owen Tharrington, a Managing Director of Gridiron, commented, “We are extremely pleased with the outcome of Lincoln’s process. ![]() Proceeds from the transaction were used to refinance the Company’s existing indebtedness, pay fees and expenses associated with the transaction and provide for Yellowstone’s ongoing working capital and capital expenditure requirements. The debt financing was comprised of senior asset based credit facilities provided by AloStar Business Credit and junior term debt provided by Triangle Capital Corporation. Lincoln International acted as exclusive financial advisor to Gridiron and the Company, helping to arrange, structure and negotiate the refinancing. Headquartered in Bunnell, Florida, Yellowstone is a leading provider of landscaping services to commercial, governmental and institutional customers located in the Southeastern United States and Texas. (“Yellowstone”), a portfolio company of Gridiron Capital LLC (“Gridiron”). Lincoln International LLC (“Lincoln International”), a leading global mid-market investment bank, announced the closing of a refinancing transaction for Yellowstone Landscape Group, Inc. ![]() 2013 Gridiron Capital has refinanced Yellowstone Landscape Group
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