Wise Metals Group, LLC
- With revenue of over $600 million, Wise Metals produces approximately 15% of the beverage industry’s can sheet for aluminum beverage containers, representing approximately 15 billion cans for such beverages as Coca-Cola, Miller beer and niche brands.
-
Wise required additional liquidity to fund: (i) growth initiatives, (ii) a refinance of seller notes and (iii) refinance its foreign bank group that was no longer actively participating in the United States market.
- M&A Capital identified multiple capital sources that may have had an interest in providing capital to Wise, including: senior lenders, B-Loan underwriters, high-yield underwriters, subordinated debt providers and other junior capital sources.
- After generating proposals from several capital sources, M&A Capital determined the viable alternatives from which Wise’s management selected the most accretive solution.
- M&A Capital worked with the selected sources to close the most viable solution available to Wise.