Established in 1969, Lucas Total Contract Solutions (Lucas TCS) is a well-diversified civil construction, infrastructure and resources contractor with a long-standing track record of high-level project delivery. This has assisted Lucas TCS to complete thousands of varied civil construction, earthmoving and resources projects throughout Australia over the last four decades. The company is privately owned and was founded by the Lucas family in Adelaide.
Lucas TCS was looking to simplify its existing capital structure (previously, the Issuer had a number of discrete financiers on the equipment base) and also access additional liquidity to facilitate growth.
Lucas TCS worked closely with FIIG to issue a Senior Secured Note into the capital markets. The 5 year term was aligned to Lucas requirements, providing a long term funding with a graduated amortisation profile that enabled cash flows to be reinvested into growth.