Keene Advisors, Inc. Advises Systems & Technology Research, LLC on a New $120.0 Million Credit Facility
Keene Advisors, Inc. served as financial advisor to Systems & Technology Research, LLC in connection with its new $120 million credit facility which will support ongoing operations and fund future growth initiatives.
BOSTON, Massachusetts, Oct.9, 2024 – Keene Advisors is pleased to announce its role as financial advisor to Systems & Technology Research, LLC (“STR” or the “Company”) in connection with their new $120,000,000 credit facility. Proceeds from the new credit facility are being used to refinance existing debt and to provide capital to fund future growth. The $120 million credit facility provides significant incremental liquidity to support STRs impressive growth trajectory.
“This refinancing provides STR with the opportunity to expand on their existing achievements,” said Travis Borden, President of Keene Advisors. “With this credit facility, STR is well-positioned to continue advancing innovative technologies that solidify their leading role in national security,” he added.
STR is a leading provider of high-end technology that develops and applies innovative solutions to address complex national security challenges. Specializing in analytics, artificial intelligence, cybersecurity, sensors, and advanced technology systems, STR provides services designed to make the world a safer place.
“With the rapid pace of emerging technology, we value the flexibility provided by the new credit facility, which allows us to remain agile and pursue new investment opportunities,” said Carmen D’Amico, Chief Financial Officer at STR. “We are excited about our growth prospects and the positive reception STR received from the lending community on this financing, which opens up many more possibilities for us in the future,” he continued. “Keene Advisors was a valuable partner throughout the process, providing strategic and financial guidance that led to stronger results for STR.”
Keene Advisors, a Benefit Corporation, is a full-service Boston-based strategy consulting and investment banking advisory firm with over $40 billion in successful mergers and acquisitions, leveraged buyouts, capital raising, and restructuring advisory transactions.
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CONTACT:
Keene Advisors, Inc.
Adrienne Penake, CFA