Press Release

Closed Transaction Announcement
Bravaldo Capital Advisors
Has been refinanced with senior debt provided by:

Bravaldo Capital Advisors, Inc. (“BCA”) is pleased to announce the successful refinancing of its client, Red Clay Consulting, Inc. (“Red Clay”) by BBVA USA. Red Clay is an Atlanta-based leading boutique consultancy for the utility industry, delivering technical and business solutions on customer information systems, customer experience, meter data management systems, mobile field applications, LodeStar, and load profiling & settlement. BCA arranged a senior revolving loan facility and senior term loan, which were used to pay off existing indebtedness and provide liquidity for working capital and growth.

Paul Marnell, Co-Founder and Managing Partner of Red Clay, noted, “Despite the significant uncertainty in the debt capital markets, BCA advised us to remain patient and to trust in their capital sourcing process. They were able to locate the right partner for Red Clay that believes in our company and its growth potential. We look forward to building our partnership with BBVA and continuing our plans for corporate growth.”

Don Bravaldo, President of Bravaldo Capital Advisors, added, “We are grateful to have worked with such a dynamic growth company such as Red Clay. Founders, Paul Marnell and Michael Cocroft and the Red Clay team have created a first-class boutique consulting firm that has grown and effectively adapted its business model both pre-and post-pandemic. This will be an exciting new partnership between Red Clay and BBVA, which is a forward-looking financial institution that is intentional about adding clients during a difficult time of uncertainty in our country. We are excited about BBVA’s commitment to provide access to working capital to support Red Clay’s continued growth.”

For more information, contact:
Don Bravaldo at dbravaldo@bc-advisors.com or Mark Heyman at mheyman@bc-advisors.com