Dec 03, 2019 / 09:10PM GMT
Unidentified Analyst -
The format of the day. I'm lucky to have Target Hospitality Corp. and their CFO, Eric Kalamaras. For those of you who probably recognize Eric, he's been in the credit markets as -- in a role just like mine at another firm, and has been at several other companies. This is a newer company for him. It's -- so Target Hospitality is the largest vertically integrated specialty rental and hospitality services company in the U.S. They own a network of geographically relocatable specialty rental assets with 12,485 average available beds -- you can tell me if that number is up-to-date across 25 locations. Basically, about 63% of those beds are in the Permian, 7% in the Bakken, 20% are government and 10% are other. And they're -- they are -- this is a sort of a longer-term type business, which has relatively good visibility, especially if you're covering the energy sector and guaranteed payment contracts. And we'll talk about in a little bit, but Target is here in the high-yield markets through an acquisition or through Platinum Eagle Acquisition Corp., which I believe, was a reverse merger to [a spag]
Target Hospitality Corp at Bank of America Merrill Lynch Leveraged Finance Conference Transcript
Feb 09, 2024
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