DBM Global Inc. announced that it has received $40 million in funding from DBM Global Intermediate Holdco Inc.
November 29, 2018
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DBM Global Inc. (OTCPK:DBMG) announced a private placement of 40,000 series A fixed-to-floating rate perpetual preferred shares at $1,000 per share for gross proceeds of $40,00,000 on November 30, 2018. The transaction included participation from DBM Global Intermediate Holdco Inc. The shares are not convertible into any security. The preferred Stock accrues a cumulative quarterly cash or payment in kind dividend at a rate of for the first five years following the date of issuance, 9.00% per annum if dividends are paid in kind or 8.25% per annum if dividends are paid in cash and starting on the fifth anniversary of the date of issuance, a rate per annum equal to LIBOR plus a spread of 5.85% per annum, plus 0.75% if dividends are paid in kind or the LIBOR per annum in the case of dividends paid in cash. The shares are redeemable in whole or in part. The company shall pay to the investor a non-refundable closing fee equal to $400,000. The company will pay $125,000 as expenses.
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. 
