ORIX Leveraged Finance announced today the closing of a junior capital facility to United States Environmental Services (“USES”). Proceeds recapitalize the company and support continuing growth of the business. ORIX Leveraged Finance served as lead arranger, administrative agent and sole lender.
Based in Houston, Texas, USES provides specialized industrial, environmental and maritime cleaning and remediation services to various end-market customers including petroleum refineries, chemical and heavy manufacturers, bulk storage facilities, maritime and shipping companies, and power generators in the Gulf States. The company is principally owned by Florida Capital Partners. For more information, please visit www.usesgroup.com.
Ted Thorp, co-head of ORIX Leveraged Finance, said, "We are pleased to continue our relationship with USES to support the significant growth of the business executed by the proven ownership group and management team. The cleaning solutions and services provided by USES are a critical component in keeping key industrial facilities clean and well maintained, as well as helping to keep our environment clean and safe following environmental adversities.”
Felix Wong, managing director at Florida Capital Partners, credited ORIX Leveraged Finance with putting together a creative junior capital investment. “We're excited to once again partner with ORIX Leveraged Finance. They provided the ability to structure an attractive junior capital investment to further support our continued success in the business.”About ORIX Leveraged Finance ORIX Leveraged Finance, a business unit of ORIX USA Corporation, provides debt and equity capital to well-managed small and mid-sized businesses in all industry sectors throughout the United States. For more information about ORIX Leveraged Finance, please visit us at www.orixleveragedfinance.com. ORIX USA Corporation is a Dallas-based financial conglomerate with more than 1,400 employees and primary offices in Dallas, New York, Los Angeles, Columbus and Minneapolis. ORIX USA holds approximately $6 billion of assets and manages an additional $25 billion. ORIX USA is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 28 countries worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, please visit us at www.orix.com.