Over the past few years, Mr. Parsons has been responsible for completing a variety of financing transactions including the following:
As co-founder, structured the Company’s wireless affiliation agreement with Sprint PCS, recruited the CEO, and arranged the private placement of $25 million in senior debt, $8 million in subordinated debt and $17 million in equity to build-out and operate the Reno/Tahoe market. UbiquiTel was sold to Sprint in June 2006 for $1.3 billion.
Arranged for the private placement of $250 million in senior debt, $25 million in equity (plus a “call” on an additional $100 million in equity) from DLJ Merchant Banking and $125 million in subordinated bridge notes from DLJ for this Sprint PCS affiliate to build-out and operate in multiple markets covering approximately 8 million POPs.
Advised management on the merger of its Washington and California operations, restructured and converted approximately $3.6 million in debt and equity, arranged for a new $4.5 million bank credit facility and assisted in recruiting a new CEO and Corporate Controller. Stupid Prices operates a chain of 16 retail stores offering name brand, deep-discount merchandise.
Advised this purchaser of distressed debt on the purchase of $40 million in telecommunication loans and $6 million in feature film loans from the FDIC.
Arranged private placements totaling $9 million in equity for growth, expansion and liquidity for company founders. Winebid conducts auctions of premium wine over the internet.
Arranged the private placement of $75 million in senior credit facilities and $15 million in convertible subordinated debt for this publicly traded company to finance the acquisition of communication towers. Westower engineers, constructs and owns communication towers. Westower was subsequently sold to SpectaSite Holdings.
Advised management in its management buyout from SpectraSite, and arranged the private placement of $20 million in senior secured credit facilities.
Advised management on the restructuring and consolidation of the Company, and arranged for the sale of this chain of retail liquidation outlet stores.
Arranged the placement of $35 million in senior secured credit facilities to finance two acquisitions, refinance existing term debt, expand working capital and fund capital expenditure growth. TriQuest is a precision plastic injection molding manufacturer.
Advised management on the $65 million sale of the Company to Sealaska.
Arranged the private placement of $10 million in equity and subordinated debt for the growth of this publicly traded chain of British-style pub restaurants.
Arranged the private placement of $25 million in equity and senior secured debt, and advised management in connection with this management buyout of a Washington based cellular operator.
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