Symmetry management decided to engage Periculum to manage the senior debt restructuring process based on the ongoing turmoil in the financial markets and to provide the necessary attention to the process. Periculum's involvement allowed the management team
to focus on operating the business while shortening the timeline for completing the financing. The Company desired a multi-year structure that would meet its working capital, general corporate and acquisitions needs. In recent years, multi-year credit facilities
have been challenging to obtain. Periculum advised the Company on positioning and marketing its story which resulted in a significant over subscription and achieved highly competitive market pricing and terms, as well as multiple top tier participant banks.
As advisor, Periculum's role included arranging prospective agent bank meetings, obtaining and vetting various bank proposals, identifying participant banks familiar with the Company's industry, and assisting in the closing negotiations and documentation. As
a result of the process, Symmetry obtained a 5 year revolving facility with terms suitable for the Company's needs provided by a top tier bank group capable of supporting its long term growth initiatives.
Symmetry Medical Inc. is a leading independent provider of implants and related instruments and cases to the orthopaedic device industry. The Company also designs, develops and produces these products for companies in other segments of the medical device market,
including arthroscopy, dental, laparoscopy, osteobiologic and endoscopy sectors and provides limited specialized products and services to non-healthcare markets, such as the aerospace market.
Periculum Capital Company, LLC continues to be active in providing outsourced treasury services including debt placement for middle market companies. In addition, with the recent rise in company valuations and improved liquidity in the banking markets, Periculum
has seen a significant pick up in its core Merger and Acquisition practice.