Project Crop Nutrients

Description

Carter Morse & Goodrich (“CMG”) is pleased to announce that it served as the exclusive financial advisor to H.J. Baker & Bro., LLC. (“H.J. Baker”) in its $100 million debt refinancing with BMO Harris Bank, a U.S. subsidiary of the Bank of Montreal (“BMO”).  The multinational debt package, which will  be syndicated, included an asset backed line of credit, an specialized equipment finance term loan as well as a cash flow based term loan.

Founded in 1850, H.J. Baker is a fifth-generation family-owned company headquartered in Shelton, Connecticut and is a world leader in sulphur and animal nutrition industries. Earlier in the year, members of the CMG team advised H.J. Baker on its acquisition of ICEC, a major international marketing and distribution house with offices and staff around the world. Formerly named Oxbow Sulphur, ICEC, a H.J. Baker Company, is the world’s largest independent marketer and distributor of sulphur and sulphur-based products. The Company owns and operates a wide array of assets and provides a variety of services to oil refineries and gas producers, as well as customers producing fertilizer, mining precious metals and manufacturing diverse chemical products.