NEW YORK – December 9, 2024. Keystone Global is pleased to announce its role as the exclusive financial advisor on the I-285 / I-20 West Interchange Project (“Project”) to Legacy Infrastructure Contractors, LLC, a special purpose vehicle established by C.W. Matthews Contracting Co., Inc. (“CWM”). Keystone Global advised CWM to achieve financial close on the design, build and finance (“DBF”) project undertaken by the Georgia Department of Transportation as part of its Major Mobility Investment Program.
The Project involves the reconstruction of a key segment of Interstate I-285 and Interstate 20 in Cobb and Fulton Counties, just southwest of the City of Atlanta and will address congestion by improving east-west and north-south mobility on the beltway around the City of Atlanta and improve safety for all motorists who travel through and near the Project.
“We are delighted to have had the opportunity to work with the C.W. Matthews team on this very important project”, said Maria Kang, Managing Director at Keystone Global. “It was a pleasure working alongside such talented individuals and we very much appreciate the team for trusting us to secure financing to ultimately reach financial close.” Bob Thompson, Division Vice President of C.W. Matthews said, “The experience of the Keystone Global team and their diligence in pursuing and securing the optimal financing solution was one of the keys to our success.”
The DBF contract valued at ~$1.25 billion will be funded with a fixed-rate, tax-exempt bank loan that is fully drawn at financial close in an amount sufficient to cover the forecasted gap between the Project spend rate and the State’s Maximum Available Public Funds.
The Project reached commercial close on October 10 and financial close on December 5.
About C.W. Matthews Contracting Co., Inc.
Established in 1946, C.W. Matthews Contracting Co., Inc. is one of Georgia’s leading transportation construction companies. The company is a privately-owned Georgia corporation headquartered in Marietta and is among the leading highway contractors who builds the infrastructure that keeps Georgia moving forward.
About Keystone Global
Keystone Global Holdings, LLC* is an independent, full-service financial and strategic advisor with offices in the U.S. and Europe, dedicated to the construction industry and infrastructure sector. The company was incorporated after Star America Global Holdings sold its infrastructure fund to Tikehau Capital in 2020 and subsequently sold its strategic and financial advisory businesses, now known as Keystone Global.
*All investment related services are offered through KSG Advisors, LLC, a registered Capital Acquisition Broker and member FINRA/SIPC, doing business as Keystone Global.
Contact: info@keystoneglobaladvisors.com
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