Recognised for Debt Financing Deal of the Year
Dresner Partners, Mergers Alliance partner in the USA, was awarded “Debt Financing Deal of the Year” by The M&A Advisor during the 21st Annual M&A Advisor Awards that took place in New York on the 15th November. The M&A Advisor Awards honored the professional whose activities set the standards for M&A transactions. This year, over 350 nominees, representing over 500 companies, bacame finalists for the awards.
Christopher Nolan, Managing Director, accepted the award on behalf of the Dresner Partners team which was recognized for advising Accoya USA, LLC, a joint venture between Accesys Technologies PLC and Eastman Chemical Company, to successfully raise $80 million in debt capital to fund the construction of a new facility in Kingsport, Tennessee to produce Accoya, a high-performance, sustainable wood product. The financing was provided by First Horizon Bank.
Roger Aguinaldo, Founder of the M&A Advisor said, “The award recipients represent the best of the M&A industry this past year and earned these honors by extanding out in a group of extremely impressive finalists. From lower middle market to multi-billion dollar deal, we are recognizing the leading transactions, firms and individuals that represent the highest levels of achievement.”
Commenting on the award, Steven Dresner, President of Dresner Partners said, “We are very excited to be recognized by The M&A Advisor for the distinguished honor of Debt Financing Deal of the Year. We are very pleased to have received this challenging assignment from two great industry companies, each with a remarkable focus sustainability. The technology behind Accoya is groundbreaking and we look forward to seeing Accoya USA make incredible strides in the US market.
Christopher Nolan added, “We are proud to be associated with all the outstanding professionals who worked with us in the transaction including our colleagues at First Horizon Bank, whose Kingsport office worked enthusiastically with Dresner, Acceys and Eastman to develop a very creative financing structure that enabled the parties to complete a financing that successfully met our clients’ respective objectives”.
