• Corporate Finance Transactions

Brown Gibbons Lang & Company Announces Completion of Diversified Industrial Holding Company $115 Million Bond Exchange Offer

February 07 2002

Brown Gibbons Lang & Company ("BGL") today announced that its client, a Midwest-based diversified industrial holding company has successfully completed a $115 million publicly traded bond exchange offer. BGL served as exclusive financial advisor, helping to structure and negotiate the transaction.

The privately held industrial holding company included a graphic arts business and an industrial distribution business. After BGL conducted the successful sale of the industrial distribution business, the holding company was left with a marginally profitable graphic arts business and insufficient cash to meet the obligations of its $115 million Series B Senior Notes. BGL approached its client to pursue a transaction with the Senior Note holders. BGL structured an exchange offer that resulted in a cash payment and an equity interest in the remaining operating business for the Series B Senior Notes.
About Brown Gibbons Lang & Company:
Brown Gibbons Lang & Company is a Midwest-based investment banking firm serving middle market businesses nationally and internationally. In the past four years, BGL has completed more than $3 billion of M&A transactions, more than $750 million of institutional private placements, and more than a dozen corporate restructurings. BGL's Restructuring Group has helped many debt-laden companies reposition themselves to build long-term value, bringing over a decade of transaction experience that includes outof - court debt restructurings, bond exchange and tender offers, private placements of debt and equity and distressed sales of business units, both in and out of bankruptcy court. The firm has more than 25 investment banking professionals with offices in Cleveland and Chicago.

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