Columbia West Capital News
10.14.05 CWC closes $35.0 million Recapitalization for Power Plus


We are pleased to announce that S.R. Bray Corporation (d.b.a.
“Power Plus!”) has successfully recapitalized its senior debt and
funded the repurchase of shares from an institutional investor.
PowerPlus!, an Irvine, CA-based Company, is the leading supplier of
temporary power and related utility services in California, Nevada
and Arizona.

The transaction consisted of a $20 million Senior Secured Revolving
Credit Facility, a $5 million Senior Secured Term Loan and a $10
million Senior Secured Second Lien Term Loan. PNC Business
Credit underwrote the entire credit facility which was structured to
achieve both attractive terms, lower interest rates and the flexibility
to fund the expansion of PowerPlus’ rapidly growing business.

This financing was arranged by Columbia West Capital, LLC, an
Arizona-based investment banking firm.