April 26, 2017 11:03 PM ET

Transportation Infrastructure

Company Overview of Intelligent Highway Solutions, Inc.

Company Overview

Intelligent Highway Solutions, Inc. operates as a technology based highway solutions contractor. The company focuses on providing corrective service and maintenance services for the California state transportation infrastructure. It also distributes standard lighting solutions, as well as custom lighting products for indoor and outdoor applications. In addition, the company installs temperature control systems and associated sensors, as well as engages in the other general electrical contracting works. Intelligent Highway Solutions, Inc. was founded in 2011 and is based in Sacramento, California.

8 Light Sky Court

Sacramento, CA 95828

United States

Founded in 2011

3 Employees

Phone:

916-379-0324

Fax:

916-379-0338

Key Executives for Intelligent Highway Solutions, Inc.

Intelligent Highway Solutions, Inc. does not have any Key Executives recorded.

Intelligent Highway Solutions, Inc. Key Developments

TCA Cresent Construction Company, LLC and Intelligent Highway Solutions, Inc. Enter into Secured Revolving Credit Facility Agreement with TCA Global Credit Master Fund, LP

The senior secured revolving credit facility agreement (as amended, restated, modified or supplemented from time to time, this ‘Agreement’), dated as of February 28, 2017 and made effective as of March 9, 2017 (the ‘Effective Date’), is executed by and among: (i) TCA Cresent Construction Company, LLC (‘TCA Cresent’), and Intelligent Highway Solutions, Inc. (‘Intelligent Highway’) (each a ‘Borrower’ and together, jointly and severally, the ‘Borrowers’); (ii) CRESENT CONSTRUCTION COMPANY, INC., (‘Cresent’), and any person to hereafter become a subsidiary of a borrower pursuant to Section 10.18 hereof, and any person that from time to time may hereafter become liable for the obligations, or any part thereof, as joint and several guarantors (together, jointly and severally, the ‘Guarantors’ and together with the borrowers, the ‘Credit Parties’); and (iii) TCA GLOBAL CREDIT MASTER FUND, LP, as lender (the ‘Lender’). The Borrowers have requested that Lender extend a senior secured revolving credit facility to Borrowers of up to $5 million for working capital financing for Borrowers and for any other purposes permitted and for these purposes, Lender is willing to make certain loans and extensions of credit available to Borrowers of up to such amount and upon the terms and conditions set out and as a material inducement for Lender to make loans and extensions of credit to Borrowers pursuant to the terms and conditions set out herein: (i) the Guarantors have, inter alia, agreed to execute Guaranty Agreements in favor of Lender, whereby each Guarantor shall jointly and severally guarantee any and all of the Borrowers' Obligations owed under this Agreement and under any other Loan Document; (ii) the Credit Parties have, inter alia, agreed to execute Security Agreements in favor of Lender, whereby each Credit Party shall grant to the Lender a first priority security interest in and lien upon all of its existing and after-acquired tangible and intangible assets, as security for the payment and performance of any and all Obligations owed under this Agreement and under any other Loan Document; and (iii) the Borrowers have agreed to execute a Pledge Agreement in favor of Lender, whereby the Borrowers shall pledge to the Lender all of its right, title and interest in and to, and provide a first priority lien and security interest on, all of its issued and outstanding shares and/or membership interests of the Guarantors, as applicable, as security for the payment and performance of any and all Obligations owed under this Agreement and under any other Loan Document.

Intelligent Highway Solutions, Inc. announced delayed 10-Q filing

On 11/16/2015, Intelligent Highway Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Intelligent Highway Solutions, Inc. Announces Purchase Order for the Suncloak Grow Lighting System

Intelligent Highway Solutions, Inc. announced it received the first purchase order for the Suncloak grow lighting system. The system was purchased by AAA Organics.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 24, 2017
Cresent Construction Company, Inc.
 

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