Atwell: $200 Million Senior Credit Facility Entered With Lending Group Led By BofA

By Amit Chowdhry ● Feb 2, 2024

Atwell – a leading consulting, engineering, and construction services firm – announced that it had secured a $200 million senior credit facility with a lending group led by Bank of America. The lending group also included U.S. Bank, TD Bank, and Old National Bank.

Atwell brings together a broad platform of diverse services in providing customized solutions for a precise industry. And as a professional services company, Atwell works together across disciplines to provide industry knowledge and technical expertise while developing and sustaining long-lasting relationships with clients.

Atwell instinctively manages critical issues for every project, such as quality, safety, and technical results. But it may surprise you how well the company gets to know you and your vision.

This new facility enhances Atwell’s financial flexibility, with an increased capacity to drive anticipated organic and acquisition growth. The terms of the transaction were not disclosed.

Atwell was advised in this deal by its Exclusive Placement Agent, Nomura Securities International, accounting advisor Cohn Reznick, and legal advisor Bodman.

KEY QUOTE:

“Atwell has seen tremendous growth over the past several years, and we intend to continue growing to better serve our clients, expand into new markets and geographies, and create the strongest opportunities for our people to grow professionally. This agreement with Bank of America will allow us to optimize our capital structure and give us the flexibility needed to accomplish our goals.”

– Brian Wenzel, Atwell’s Chief Executive Officer