Traffic Management, Inc.

Case Study

Traffic Management, Inc. refinances existing bank debt and funds a dividend to its owners

Based in Long Beach, California, Traffic Management, Inc. (“Traffic Management”) is a leading provider of traffic control and related services specializing in short-duration flagger and lane-closure operations. Traffic Management primarily serves electric and natural gas utility customers.

At a Glance

PGIM began our relationship with Traffic Management in early 2024. In August 2024, we provided a One-Stop financing solution consisting of a $20 million Revolving Credit Facility, an $83.5 million Senior Term Loan, and $45 million Unsecured Subordinated Notes.

The proceeds were used to refinance the Company’s senior debt and provide its founders with liquidity in the form of a dividend.

Traffic Management, Inc. decided to solely partner with us given our capital delivered the necessary flexibility to the Company and to the founders. Our ability to speak for the entire capital structure gave the Company certainty of execution that alternatives did not. The founders and management team also valued our relationship-focused approach and local presence.

We are excited to formalize our partnership with Traffic Management, Inc. through this investment, and we look forward to supporting the Company in the years to come.

Relationship Since 2024

Transaction details:

$20,000,000 Revolving Credit Facility
$83,500,000 Senior Term Loan
$45,000,000 Subordinated Debt

“We are proud to call Traffic Management a partner, and we look forward to supporting the business as it continues to execute on its growth strategy in years to come.”

Adolfo Cabrera Executive Director PGIM