"Parkfield was an integral part of the refinancing and repositioning of our business,” said Dan Scuri, SoCal Valve's Chief Financial Officer. “We are grateful to Andres Pinter and his team at Parkfield for the advice and support provided to us during this process."
MANHATTAN BEACH, CA (PRWEB) December 18, 2017
Parkfield Capital Advisors LLC (“Parkfield”) announced today that its client, Southern California Valve (“SoCal Valve” or the “Company”), recently completed a refinancing of $10 million of senior debt. Parkfield advised the Company on the refinancing as well as a series of related transactions, including the strategic sale of certain non-core assets.
Based in Santa Fe Springs, CA, SoCal Valve is a leading manufacturer of both commodity and specialty valves serving the power, paper & pulp, oil & gas, and petro-chemical sectors. As a result of sustained turbulence in the domestic oil & gas exploration industry, the Company was seeking a lender better suited to its unique circumstances. With its capital structure optimized, SoCal Valve is now focused on the continued growth of its core businesses and expansion into related industries.
“Parkfield was an integral part of the refinancing and re-positioning of our business,” said Dan Scuri, SoCal Valve's Chief Financial Officer. “We are grateful to Andres Pinter and his team at Parkfield for the advice and support provided to us during this process.”
About SoCal Valve
Founded in 1972 as a maintenance and modification company, SoCal Valve has become a premier manufacturer of both commodity and specialty valves serving the power, paper and pulp, oil and gas, and petro-chemical sectors. SoCal Valve manufactures all sizes, pressure classes, and metallurgical compositions utilizing the strictest quality control measures to ensure the customer’s total satisfaction. SoCal Valve has earned its API 6A, API 6D, ISO: 9001, CE-PED, and CRN certifications while operating under the API Q1 Quality Management System.
Parkfield Capital Advisors LLC is a leading boutique financial advisory firm located in Manhattan Beach, California. Parkfield focuses on advising companies and their stakeholders on balance sheet restructurings and private placements of debt and equity. The firm was founded by Andres Pinter in 2014.