Fundraise Mar 2017 Verified
TCA Global Master Credit Fund provides $5.0 million credit facility for IHSI acquisition
TCA Global Master Credit Fund, LP committed to provide a senior secured revolving credit facility of up to $5.0 million to IHSI and TCA Cresent Construction, LLC. The first $1.5 million was funded to pay sellers and costs, with the balance intended for IHSI's working capital.
“TCA committed to provide to IHSI and TCA Cresent a credit line of $5.0 million dollars and funded the first $1.5 million from which the Sellers and TCA’s costs were paid ($631,855).”
Entities
Intelligent Highway Solutions, Inc. · Acquirer TCA Cresent Construction, LLC · Subsidiary TCA Global Master Credit Fund, LP. · Lender
ElectricalHVAC Sentiment: Neutral
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