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Investments: Current Investments: WL Plastics Corporation
WL Plastics Corporation |  Investment Date: October 2005  |  Investment Type: Buyout

Business Description:
WL Plastics manufactures high performance high density polyethylene pipe and related products for the oil, gas, mining, industrial and municipal water markets. With locations in Wyoming, Utah, Texas and Alberta, Canada, WL Plastics is one of the largest manufacturers of polyethylene pipe in western North America.

Falcon Solution:
Faced with a fast approaching deadline as well as complex capital structure issues, a non-traditional private equity group turned to Falcon to help fund its acquisition of the company. Falcon structured a financing solution consisting of senior subordinated notes, preferred stock and common equity to support strategic growth and expansion opportunities.

 

 

 

 

Industry:
High-density polyethylene pipe manufacturer
Sponsor:
Non-traditional private equity group
Securities:
Senior subordinated notes, preferred stock, and common equity
Financing Challenge:
Complex capital structure, as well as need for capital to execute strategic growth and expansion opportunities
Exit Date:
Current investment
Company Website:
http://www.wlplastics.com/