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.
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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/
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