Names & notes

Friday, Nov. 20, 2009

Hazelwood joins energetics center staff

Dylan Hazelwood has joined the Energetics Technology Center as director of information technology, where he is responsible for the direction, planning and implementation of all IT infrastructure and resources. He also oversees the IT budget, all technical development, and the Energetics Technology Center Web site. Hazelwood comes to the Energetics Technology Center after 10 years in the Department of Mechanical Engineering at the University of Maryland, College Park.

"It is great to have Dylan on board here at ETC," said Bob Kavetsky, CEO for the center. "He and I have worked together for several years, through my association with the university and his expertise will be well utilized here."

Hazelwood earned a bachelor of applied computing degree from the University of Tasmania at Launceston, Tasmania, Australia.

The Energetics Technology Center is a private, nonprofit enterprise dedicated to growing science and technology in Southern Maryland. It focuses on workforce and economic development in the region and is a catalyst for energetics research and development. The center is based in La Plata.

United Site Services announces restructuring of debt

United Site Services, whose mid-Atlantic headquarters is in Waldorf, announced a debt restructuring on Nov. 16.

The company, which provides portable toilets and other products to construction sites, special events and disaster areas, announced an agreement in principle with its main lenders and some of its equity holders.

Under the terms of the agreement, holders of the company's term loan and mezzanine debt have agreed to convert their entire investment into equity. In addition, the company's revolving credit agreement as amended and restated would remain in place.

This will effectively reduce the company's debt by more than 80 percent and reduce its interest expense by nearly 90 percent. Assuming conditions are satisfied, the restructuring is expected to be completed by the end of this year.

United Site Services is a leading provider of portable restrooms, temporary fence, storage, erosion control, power, sweeping and other site services.

Based in Boston, USS has more than 50 branch locations with 1,300 employees.