Boca Raton, FL – January 13, 2025 - PC-Asset Management (“Polen”) is pleased to announce the closing of a $30 million senior secured credit facility for T BAILEY, INC., a leading construction services platform based out of Anacortes, Washington.  The facility was used to help finance Saothair Capital’s acquisition of T BAILEY.  

T BAILEY, INC., which has been in operation since 1991, has established a leading market share as a diversified general contractor with design, construction, and fabrication expertise for above-ground fuel and water tanks and related infrastructure. The facility consists of both a funded Senior Secured Term Loan and a Delayed Draw Term Loan to help fund future growth needs of the business. PC-Asset Management secured this opportunity as a result of its longstanding relationships with advisors and its expertise in the sector, as well as its ability to move quickly to meet the needs of the transaction.  

About PC-Asset Management
PC-Asset Management is a global investment firm with extensive credit capabilities provided by its wholly-owned subsidiary, PC-Asset Management Credit. Since 2011, funds and accounts managed by PC-Asset Management have provided over $6.6 billion in direct transactions to public and private companies, investing across the capital structure, including senior loans, subordinated debt, and equity. PC-Asset Management targets financings that range from $10 million to $100 million to public and privately-owned companies across a variety of sectors. For more information, visit www.polencapital.com or follow us on LinkedIn.

About T BAILEY
T BAILEY is a leading vertically integrated provider of above-ground industrial tanks, casings, marine pontoons, penstocks, pressure vessels, and other large custom steel solutions. Founded in 1991 by CEO Gene Tanaka, the company has become a leader in the Northwest, recognized for its commitment to safety, quality control, and exceptional project management. T BAILEY has successfully completed numerous, large-scale projects throughout the Pacific Northwest, Alaska and Hawaii. Headquartered in Anacortes, Washington, the company operates from a state-of-the-art 158,000-square-foot fabrication facility strategically located to directly ship and receive oversized loads via barge, rail, or truck.