CEA Group recently reported from Tampa its advisory role in providing a senior debt facility to DSM Technology Consultants LLC of Lakeland, Florida in order to facilitate debt consolidation and increase working capital.
DSM obtained guidance from CEA’s corporate finance advisory division under the direction of Beth Cahill, senior managing director, who is based in CEA’s Tampa branch office. Managing director Peter Schmedt assisted in the transaction.
Funding was provided by BBVA Compass Bank, a subsidiary of BBVA Compass Bancshares Inc. BBVA operates mainly in the Sunbelt with branches in Texas, Alabama, Arizona, California, Colorado and New Mexico as well as Florida. It ranks among the nation’s top 25 commercial banks in size based on deposit market share.
As a pre-eminent cloud solutions provider in Florida, DSM is expanding its national presence with fully managed private and hybrid network solutions. DSM prides itself on its “white glove” treatment for its customers while delivering practical solutions in the realms of disaster recovery, data protection and platform maintenance.
By definition, senior debt refers to a liability that takes precedence over other unsecured or “junior” debts owed by the issuer.
All of DSM’s services are provided from CJIS, SSAE16, SOC and HIPAA certified facilities.
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