Business Description:
Horizon provides marine construction services to the offshore oil and gas industry around the world. The company performs a wide range of marine construction activities, including laying, burying and repairing marine pipelines; providing hook-up and commissioning services; installing offshore production platforms and other structures; and disassembling and salvaging production platforms and other structures.

Falcon Solution:
The company’s longer-term prospects were strong as it had a record backlog of contracted projects, but it was facing near-term liquidity concerns due to certain exogenous factors. Falcon’s highly structured financing provided the company with liquidity to execute its backlog. Falcon and its co-investors also supported the company with additional capital upon the occurrence of unforeseen challenges.