Little Red Services Financing

“The management team at Little Red Services, Inc. ("LRS") has worked closely with Zachary Scott over the past five years. The relationship began with a Zachary Scott led effort to successfully structure and finance the acquisition of the Company from its founder, thereby creating an opportunity for LRS management and employees to become significant owners of the business.

Most recently, Zachary Scott managed the effort to reset the company's financing arrangements. The results exceeded all expectations by retiring expensive junior acquisition capital, extending maturities, and arranging an exceptionally flexible credit structure.

We have a close relationship with the Zachary Scott team and look to them as a partner for advice and assistance as we continue to build our business.”

Doug Smith, President & CEO, Little Red Services

Situation

Little Red Services, Inc. (“LRS”) provides specialized pressure pumping services to the principal oilfield operators on the North Slope of Alaska. In 2008, LRS was acquired through a management-led buyout sponsored by Endeavour Capital. Following four successful years of operations, LRS desired to restructure its existing credit arrangements.

ZS Role

Zachary Scott was engaged to structure and arrange a refinancing of the company in order to retire the junior acquisition capital, extend maturities, provide a more flexible structure, and fund a shareholder dividend.

Results

Zachary Scott arranged a five-year reducing revolver facility that allowed the funding objectives to be achieved and provided LRS a flexible on-going capital structure that better supports its operating plan and strategic objectives.