EMS Group Completes Private Placement of Notes and Warrants
Houston, March 2, 2007 – Energy Maintenance Services Group I, LLC (“EMS Group”), a full service provider of operations and maintenance services to owners and operators of energy pipelines, announced today that it has closed a private offering of $83 million of Units, consisting of 11.5% Senior Secured Notes due 2014 and Warrants. The net proceeds of the offering were used to fund the acquisition of Zaval-Tex Construction Company, to repay existing indebtedness and for working capital purposes, including acquisitions.
The private transaction was made in accordance with an exemption from registration under the Securities Act of 1933, as amended (“Securities Act”). The securities have not been registered under the Securities Act and may not be offered or sold in the United States absent registration unless pursuant to an applicable exemption from the registration requirements of the Securities Act.
Media Contact:
Trevor Eade, EMS Group: 713 595 7613
Teade@emsglobal.net
