Co-Financial Advisor
One Source Restoration, LLC
Debt Capital Markets
Transaction Details
- On April 25, 2024, One Source Restoration, LLC (“OSR” or the “Company”), a nationwide utility emergency resource management provider, received an asset-based credit facility from Wells Fargo Capital Finance (“Wells Fargo”).
- The $70 million revolving credit facility will be used to support OSR’s working capital needs as it continues to provide best-in-class emergency resource management services to utility providers.
- The financing will fund OSR’s ever-growing number of resources available to utility providers and provide OSR with the flexibility to meet the needs of its utility partners in weather-related emergency response situations.
About the company
About One Source Restoration
One Source Restoration is an emergency response management company providing power line and vegetation management crews, damage assessors, wire down guards, staging site support resources, and other services to utility companies during weather events that cause damage to the utility’s critical infrastructure. Founded in 2015, OSR has grown to work with over 10,000 sub-contractor resources and has partnered with over 70 utility companies across the U.S.
Sources: Company Press Release.
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