H.I.G. Capital News

Contact:

Sean Ozbolt
Managing Director
sozbolt@bayside.com

Bayside Capital
1450 Brickell Avenue
Miami, FL 33131
P 305.379.8686
F 305.379.3655
www.bayside.com

Bayside Capital Provides $20 Million Senior Secured Term Loan to Xinergy Ltd. (TSX: XRG)

MIAMI – December 21, 2012 – Bayside Capital, Inc. ("Bayside") announced today that its affiliate has provided a new $20 million Senior Secured Credit Facility to Xinergy Ltd. (“Xinergy” or the “Company”). Headquartered in Knoxville, TN, Xinergy operates low-cost thermal and metallurgical coal mining complexes in eastern Kentucky, West Virginia and Virginia. The Company has approximately 114 million tons of proven and probable reserves.

With over $4.5 billion of committed capital, Bayside provides creative capital solutions to address complex financing needs and to fund growth initiatives. Matt Goldfarb, Xinergy’s Chief Executive Officer, commented, “Bayside was an ideal financing partner for Xinergy due to their flexible loan structure, and willingness and ability to move quickly to close before year-end.”

Sean Ozbolt, Managing Director at Bayside Capital added, "We are excited to complete this financing with Xinergy to support its growth initiatives. Xinergy is a well-managed business with low-cost operations and premium quality reserves, and we look forward to a long-term relationship with the Company.”

About Xinergy Ltd.
Headquartered in Knoxville, TN, Xinergy Ltd., through its wholly owned subsidiary Xinergy Corp. and its subsidiaries, is engaged in coal mining in eastern Kentucky, West Virginia and Virginia. Xinergy sells high quality thermal and metallurgical coal to electric utilities, steelmakers, energy trading firms and industrial companies. For more information, please visit www.xinergycorp.com.

About Bayside Capital
Bayside Capital is an affiliate of H.I.G. Capital, a leading global private investment firm with more than $10 billion of equity capital under management. With over $4.5 billion of committed capital, Bayside is focused on providing capital solutions to address complex situations within short timeframes. Through improved access to capital or facilitating balance sheet realignments, Bayside can help support future strategies and expansion plans. Bayside has the ability to provide capital through a broad range of securities including asset-based and cash flow senior and subordinated debt, equity, debtor-in-possession facilities, and special situation loans. Bayside has the experience and resources to help companies quickly resume growth initiatives and improve their strategic position. For more information, please refer to the Bayside Capital website at www.bayside.com.