Encina Private Credit Leads First Lien Credit Facility to Support H.I.G. Capital’s Acquisition of Tower Engineering Professionals
April 18, 2023, 08:00 AM
Encina Private Credit served as Administrative Agent, Collateral Agent, Joint Lead Arranger and Joint Bookrunner for a Senior Secured Credit Facility supporting H.I.G. Capital’s acquisition of Tower Engineering Professionals (“TEP”). TEP is a leading, national provider of maintenance-driven, technical inspection, engineering, and compliance solutions for telecom infrastructure.
Encina provided first lien financing in the form of a revolving line of credit, term loan, and delayed drawn term loan.
“We are extremely excited to partner with Tower Engineering Professionals by delivering our unique suite of lending capabilities as they execute on their growth strategy going forward,” said Mike Hensinger, President and Chief Commercial Officer at Encina Private Credit.
Headquartered in Raleigh, NC, TEP is one of the largest wireless and wireline engineering and infrastructure services providers to tower and telecom customers. The Company’s offering includes inspection and mapping services, structural and civil engineering, fiber engineering and maintenance, project and construction management, and site acquisition and survey services. TEP has locations throughout the United States and Canada.