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Congress Materials is a Phoenix-based company that operates aggregate-mining assets in the greater Phoenix market. Chiron Financial Advisors, L.L.C. was hired to provide financial advisory services to Congress Materials in the acquisition of the aggregate facility. On behalf of Congress Materials, Chiron Financial Advisors, L.L.C. structured a DIP facility to U.S. American Stone and Minerals and subsequently has put a competing Plan of Reorganization on the table.
Chiron Financial Advisors, L.L.C. is advising Congress Materials on both deal terms and structure.
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Cygnus Oil and Gas is an energy exploration company with significant assets in unconventional asset opportunities. These assets include Fayetteville and Caney/Woodford Shale plays. Chiron Financial Advisors, L.L.C. was engaged to raise additional capital for the company.
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Doctors 'Hospital is a 229 bed hospital and 50,000 square foot medical office building located on the north side of Houston. The declining admissions coupled with reduced cash flow and a debt load approximating $40.0 million forced the company to seek reorganization in Chapter 11.Chiron Financial Advisors, L.L.C. was engaged as the investment bank to the Official Unsecured Committee for the purpose of raising capital to facilitate a plan of reorganization.
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Galvez Energy Corporation was an energy exploration company with a unique and progressive business model based on the use of advanced information technology -specifically seismic data acquisition, imaging, and interpretation. Chiron Financial Advisors, L.L.C. was engaged for the purpose of providing financial advisory services relating to a capital raise.
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Garden Ridge has grown into a leader in home-decorating accessories with 44 stores in 13 Midwest and southeast states. Garden Ridge filed for Chapter 11 Reorganization in February, 2004. Chiron Financial Advisors, L.L.C. was engaged to raise capital for an alternative plan of reorganization on behalf of the Ad Hoc Committee of Landlords.
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KT Foods, LLC is a Houston-based specialty foods company that specializes in hand-stuffing olives with jalapenos, blue cheese, garlic, onions, and other foodstuffs. Chiron Financial Advisors, L.L.C. was retained by the Company to arrange a debt facility for the purpose of financing an acquisition. Chiron Financial Advisors, L.L.C. was successful in arranging a senior-secured credit facility with Capital One Bank.
Chiron Financial Advisors, L.L.C. advised the buyer on both deal terms and structure and now manages the assets of the company.
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Magnus Energy Marketing, Ltd. (Magnus) is a wholesale energy marketing and trading company serving natural gas producers, utilities, industrial users, and other energy wholesalers. Magnus had substantial revenue growth from inception with revenues exceeding $500.0 million. Chiron Financial Advisors, L.L.C. was engaged in a capital raise to increase the senior line of credit and provide alternatives for junior capital. The senior line was increased substantially and no junior facility was needed.
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Renata Resort, LLC is a Florida-based company established to erect a 23-story high-rise condominium on the beach of Panama City Beach. The Company was facing financial distress and Chiron Financial Advisors, L.L.C. was hired. Chiron Financial Advisors, L.L.C. was successful in arranging a Debtor-in-Possession financing facility. The DIP financing saved the Company and allowed sufficient time to conduct an auction in order to sell the Company, maximizing value to the estate.
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SOLA Communications, LLC is a Louisiana-based company that provides telecommunications, safety and control systems, engineering, contracting, and network management services both domestically and internationally. The Company had sought protection under Chapter 11 of the US Bankruptcy Code and Chiron Financial Advisors, L.L.C. was retained by a distressed debt acquisition group to assist them with the purchase of the Company. Chiron Financial Advisors, L.L.C. was successful in helping the group execute a letter of intent to purchase the senior secured term loan and raising the capital to close.
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Corporation Spirit Minerals, LP is the sister company to Spirit Drilling Fluids, Ltd. Spirit Minerals mines, processes and distributes barite to the oil and gas drilling fluid industry. Chiron Financial Advisors, L.L.C. was engaged to provide a debt placement for equipment and infrastructure relating to the expansion of the mining operation.
Senior Debt Facility
Spirit Drilling Fluids, Ltd. is a drilling fluids and related well-site services to exploration and production (E&P) companies. Chiron Financial Advisors, L.L.C. was retained by the Company to advise it regarding its financial alternatives. Chiron Financial Advisors, L.L.C. was successful in arranging a senior credit facility with LaSalle bank.
Senior and Term B Debt Facility
Chiron Financial Advisors, L.L.C. was engaged to provide a $21.0 million senior and Term B acquisition facility. The debt facility is expected to close in mid-February, 2007.
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TrueMRI was founded in 2002 and is a pioneer in multi-positional weight bearing MRI Service in California. TrueMRI had developed unique, proprietary software for interpreting and delivering radiological services. Chiron Financial Advisors, L.L.C. was engaged to provide financial advisory services relating to a private equity offering.
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