Bird Electric Enterprises, LLC


Monroe Credit Advisors worked with the sponsor,, and management of Bird Electric Enterprises, LLC to structure and refinance the company’s existing debt. The company is a leading service provider that designs, constructs, maintains and restores electric power infrastructure for exploration and production, utility and electric cooperative customers across North America with a strategic focus on the Permian Basin oilfield of West Texas and Southeastern New Mexico. Key objectives were to simplify the capital structure, lower overall cost of debt, eliminate personal guarantees and provide capital to support growth. Management has a strong track record of executing on its growth initiatives and was seeking a capital structure that was aligned with its goals. The company and sponsor engaged Monroe Credit Advisors to utilize its leveraged finance expertise and relationships to raise senior and junior credit facilities in order to refinance existing debt and provide debt capacity for future growth.


Monroe Credit Advisors ran a placement process that targeted banks, commercial finance companies and junior debt funds. The company chose from both cash flow and asset based senior proposals to drive the most flexible and favorable terms. The company also chose from a variety of junior proposals. The new credit facilities consolidated the lender base, eliminated personal guarantees, and improved cash flow through an overall lower cost of capital and lower amortization. The new structure allows the company to better execute its growth strategy through organic initiatives and help transition it to the next phase of its life cycle.