Genco Energy SServices

Genco Energy Services

Service Category


Served as the exclusive investment banker to Genco Energy Services in an out of court restructuring and refinancing comprised of the placement of new debt facilities totaling $20.6 million including additional borrowing capacity to support the company's growth and the elimination of $33.7 million of debt from its balance sheet. A revolving credit facility was provided by Republic Business Credit, mezzanine financing was provided by Super G Capital, and an equipment financing facility was provided by Utica Leaseco. Genco has significantly improved its financial position by reducing its debt by $13 million, converting $6.0 million of legacy subordinated debt to preferred stock and issuing $1.2 million of additional preferred stock.