DBM Global announced that it has entered into a new credit agreement that provides for a $110 million term loan and a $110 million revolving credit facility (the “Credit Agreement”), which will be used to fully repay DBM’s existing debt obligations, fund a portion of the Banker Steel acquisition and provide additional working capital capacity. The new Credit Agreement from a syndicate led by UMB Bank, n.a. provides for senior secured debt of DBM in the total amount of $220 million, comprised of a $110 million term loan and a $110 million revolving credit facility. The revolving credit facility will mature on May 31, 2024 and will bear an initial interest of prime minus 1.10%. The term loan will mature on May 31, 2026 and will bear an interest rate of 3.25%. In addition to funding a portion of the Banker Steel acquisition, the term loan and revolving credit facility will be used to repay any and all outstanding amounts on DBM’s existing credit agreement with Wells Fargo Bank, National Association, and DBM’s existing loan from TCW Asset Management Company. There is no prepayment premium. Any undrawn amounts under the revolving credit facility will be available for DBM’s general corporate purposes.
DBM Global Inc. provides design, construction, and asset management solutions through its portfolio of companies. The Company offers integrated steel construction services from a single source and professional services, which include design-assist, design-build, engineering, detailing, BIM co-ordination, steel modeling/detailing, fabrication, rebar detailing, advanced field erection, project management, and steel management systems. It focuses on market segments, including commercial, healthcare, convention centers, stadiums, gaming and hospitality, mixed use and retail, industrial, public works, bridges, transportation, and international projects. The Company has operations in the United States, Australia, Canada, India, New Zealand, the Philippines, Singapore, Thailand, and the United Kingdom.
DBM GLOBAL INC. 
