has recapitalized with

Headwaters MB Advised Alta Colleges on a Recapitalization and New Senior Credit Facility

January 2010

DENVER, CO - Headwaters MB advised Alta Colleges, a post-secondary for-profit education company, on a recapitalization.  The transaction was funded by a new bank facility led by Bank of America.  JPMorgan Chase, Barclay’s and Northern Trust completed the syndicate.

“Headwaters was vital to all aspects of arranging and negotiating a new bank deal,” said Alta Colleges Chief Financial Officer Francis Barker. “They successfully repositioned our company for the credit markets and drove a highly competitive process across multiple markets.”  He continued, “Their involvement helped us get a terrific execution with a very tight timeframe.  The pricing and terms of this facility are substantially superior to market for companies like Alta.”

Philip W. Seefried, Co-Founder & CEO of Headwaters added, “We have a tremendous working relationship with the finance group, management team and Board of Directors at Alta.  Their diligent work, along with tremendous cooperation from our counterparties at Bank of America, made this time-sensitive transaction a great success.”

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Lead Professional

Phil Seefried

President
“We chose Capstone Headwaters as our advisor because of their in-depth knowledge across debt markets and their culture of urgency and advocacy.  Their efforts made a real difference for our company.”
Jamie Turner
Co-Founder & Vice-Chairman
Alta Colleges