Firm Closes Senior Term Loan and Revolving Line of Credit for Nationwide Facilities Maintenance Firm
McLean, Virginia – March 31, 2013 – Backbone Capital Advisors, LLC (Backbone Capital) arranged the closing of a $4.4 million senior secured credit facility for its client Pristine Environments, Inc. (PEI), headquartered in McLean, Virginia. PEI, which has operations nationwide, provides facilities maintenance services for large commercial and government clients. Full Circle Capital Corporation (Nasdaq: FULL), provided the credit facilities, consisting of a senior revolving line of credit and a senior term loan. Proceeds of the facilities are to be used to partially fund an acquisition and for working capital. Backbone Capital Advisors, LLC, located in Los Angeles, CA, is a full-service arranger, with complete execution, of both traditional and non-traditional debt financing and capital sources for middle market businesses.