Livingstone Chicago\u2019s Debt Advisory team have advised JD Norman Industries, Inc. on a refinancing of the business backed by Bank of America and Medley Capital Corporation. The financing allows the Company to expand through the acquisition of two business units from vehicle technology group Federal-Mogul.<\/p>\n\n\n\n
JD Norman is a diversified manufacturer of highly engineered metal components and systems with operations in the US, Mexico, Canada and the UK. The acquisitions expand the group\u2019s geographical footprint to include a connecting rod machining operation in Windsor, Canada and a camshaft casting foundry in Lydney, England, and further consolidates JD Norman\u2019s position as a critical part supplier for automotive powertrains.<\/p>\n\n\n\n
\u201cGiven the multi-jurisdictional nature of the deal, together with the tight time frame we were operating under, it was imperative that we partnered with an advisor that had a track record of closing complex debt transactions. Livingstone was instrumental in helping us structure the transaction, while also aligning JD Norman with financial partners which have the experience to support our future growth,\u201d<\/strong> commented Justin Norman, President and CEO of JD Norman.<\/p>\n\n\n\n \u201cThis transaction marks Livingstone\u2019s sixth Debt Advisory transaction in six months,\u201d<\/strong> commented Livingstone Chicago\u2019s debt expert Tom Lesch. \u201cAs an international firm, these are the types of mid-market deals we are accustomed to closing. Our collective knowledge of the global debt markets and first-hand knowledge of foreign secured lending laws allowed us to run a competitive process for JD Norman.\u201d<\/strong><\/p>\n\n\n\n Livingstone\u2019s Debt Advisory team have completed transactions including: iPrism, The FNA Group, Lakeshore Recycling Systems, ATI Physical Therapy, OAD Orthopaedics, Trio Video, Goose Island Beer Company and Genuine Scooters.<\/p>\n","protected":false},"excerpt":{"rendered":" \u5148\u8fdb\u7684\u91d1\u5c5e\u96f6\u4ef6\u53ca\u7cfb\u7edf\u7684\u591a\u5143\u5316\u5236\u9020\u5546JD Norman Industries, Inc.\u83b7\u5f97\u7531Bank of America\u4e0eMedley Capital Corporation\u652f\u6301\u7684\u518d\u878d\u8d44\u3002<\/p>\n","protected":false},"featured_media":2991,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-4852","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[898],"date":"20130722","client_type":61,"type":[1082],"region":[1157],"services":[422],"sectors":[534],"related_transactions":"","related_testimonials":"","contacts":null},"yoast_head":"\n