At the beginning of 2024, ACS focused on accelerating growth in its core markets while expanding into new regions, including a recent launch in India. To support its growth strategies and operational improvements, ACS sought to refinance its existing debt facilities to increase liquidity and provide the financial flexibility needed to fuel near-term growth initiatives.
ACS engaged G2 Capital Advisors, LLC (“G2”) in Fall 2023 to secure a new credit facility via a competitive process that would enable ACS to allocate more operating cash flow toward strategic growth initiatives, particularly within its emerging green energy segment. ACS decided to partner with PGIM due to our (i) speed and certainty of execution, (ii)proven relationship-focused approach through economic cycles, and (iii) sector expertise. In December 2024, ACS, alongside G2, successfully closed a transformative credit facility in partnership with PGIM Private Capital and ACS’s incumbent lender.
The new financing package includes a revolving line of credit, term loan, and delayed draw term loan, significantly enhancing ACS’s liquidity and structural flexibility. We are excited for the opportunity to partner with ACS through this transaction and look forward to continuing to support the Company into the future.
