[slide 1]
Nexford Industrial Holdings Inc. — Corporate Organizational Structure
Organizational structure prepared in connection with the $1,400,000,000 senior secured Term Loan B refinancing and dividend recapitalization
Prepared by Calderwood & Harkness LLP — Matter No. 1005-00001
Initially prepared February 10, 2025; updated March 15, 2025
Confidential and privileged — for internal working group use
[slide 2]
Ownership Structure — Sponsor and Holdings Tier
Granite Peak Capital Fund IV, LP (Delaware LP) — 92% equity owner of Holdings
GP Fund IV Co-Invest, LP (Delaware LP, co-investment vehicle) — 8% equity owner of Holdings
Granite Peak Capital GP IV, LLC (Delaware LLC) — general partner of Fund IV
Granite Peak NIH Holdings, LLC (Delaware LLC) — direct parent; owns 100% of Nexford; Holdings Guarantor
Nexford Industrial Holdings Inc. (Delaware corporation) — Borrower; HQ at 1400 Industrial Parkway, Schaumburg, IL 60173
[slide 3]
Nexford Industrial Holdings Inc. — Direct Domestic Subsidiaries
Nexford Precision Components, Inc. (Delaware corp.) — Subsidiary Guarantor; Rockford, IL
Nexford Engineered Systems, LLC (Delaware LLC) — Subsidiary Guarantor; Greenville, SC
Nexford Coatings & Surface Technologies, Inc. (Delaware corp.) — Subsidiary Guarantor; Houston, TX
Nexford Manufacturing Services, LLC (Illinois LLC) — Subsidiary Guarantor; Schaumburg, IL
Nexford Properties, LLC (Delaware LLC) — Subsidiary Guarantor; real property holding entity
Nexford International Holdings, Inc. (Delaware corp.) — CFC Holdco; Subsidiary Guarantor (limited pledge)
[slide 4]
Acquired Domestic Subsidiaries (Bolt-Ons)
Clearfield Tool & Die, Inc. (Pennsylvania corp.) — Subsidiary Guarantor (acquired 2021); Clearfield, PA
Summit Industrial Fabrication Co. (South Carolina corp.) — Subsidiary Guarantor (acquired 2022); Spartanburg, SC
Ridgepoint Specialty Coatings, LLC (Texas LLC) — Subsidiary Guarantor (acquired 2023); Houston, TX
Lakeshore Precision Engineering, Inc. (Michigan corp.) — Subsidiary Guarantor (acquired 2024); Muskegon, MI
[slide 5]
Foreign Subsidiaries — CFC Structure and Limited Pledge
Nexford International Holdings, Inc. (Delaware corp.) — CFC Holdco; Subsidiary Guarantor with limited pledge
Nexford Canada Holdings ULC (British Columbia ULC) — foreign subsidiary; NOT a Guarantor; Vancouver, BC
Nexford Canada Manufacturing, Inc. (Ontario corp.) — foreign subsidiary; NOT a Guarantor; Mississauga, ON
Equity pledge limited to 65% of voting equity and 100% of non-voting equity of first-tier foreign subsidiaries
[slide 6]
Guarantor and Collateral Summary
Guarantors: Granite Peak NIH Holdings, LLC (Holdings Guarantor) plus 11 domestic Subsidiary Guarantors
First-priority security interest in substantially all assets of the Borrower and each Guarantor
Equity pledges: 100% of direct domestic subsidiaries; 65% voting / 100% non-voting of first-tier foreign subsidiaries
Four mortgaged properties with total appraised value of $193,000,000
Excluded/non-guarantor entities: Nexford Canada Holdings ULC and Nexford Canada Manufacturing, Inc.