DEAL SIZE
$700,000,000
Boart Longyear
COMPANY
Boart Longyear is a global mineral exploration company founded in 1888. It is headquartered in Salt Lake City, Utah, United States. Regional offices and operations are located in the Asia-Pacific region, North and South America, Europe, and Africa.
OVERVIEW
- Company experienced several challenges in its capital structure and was facing an imminent breach of its debt coverage ratio
- Hired by the company to assist with restructuring the capital structure and negotiations with lenders and potential investors
ACM VALUE ADD
- ACM evaluated multiple strategic alternatives and prepared a plan specific to the company’s needs
- Led diligence process with bankers, consultants and potential investors
- Company successfully restructured its capital structure through a series of equity offerings raising over $700 million
- ACM professionals support, facilitated a successful recapitalization and restructuring for Boart Longyear, a leader in drilling services
