Southland Holdings Secures $160M for Growth and Debt Refinancing
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Southland Holdings ( (SLND) ) just unveiled an announcement.
Southland Holdings, Inc. has secured a $160 million financing package through Callodine Commercial Finance, LLC, featuring a $140 million term loan and a $20 million delayed draw option, set to mature in 2028. This strategic move, aimed at bolstering the company’s financial position, enabled Southland to refinance existing debts, including fully repaying and terminating its prior revolving credit facility. The new credit facility’s flexible structure and the expertise of Texas Capital Securities as the financial advisor underscore Southland’s commitment to growth and financial stability.
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