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Summit Broadband Secures Additional $100 Million for Florida Expansion
December 19, 2024Summit Broadband, a leading fiber-optics telecommunications provider in Florida, announced the successful closing of an incremental $100 million debt facility and term expansion with Brookfield Asset Management ("Brookfield").
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Vesta Announces Closing of US$545 Million Global Syndicated Sustainable Credit Facility Including US$200 Million Revolving Credit Facility
December 19, 2024Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (BMV: Vesta; NYSE: VTMX), a leading industrial real estate company in Mexico, announced today that is has closed the previously announced US $545 million Global Syndicated Sustainable Credit Facility (the "Facility") comprised of a US $345 million term loan available through two tranches, for three and five years, with an 18-month availability period and a US $200 million Revolving Credit Facility, substituting the Company’s prior US $200 million in-place un-drawn Revolving Credit Facility.
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MONTICELLOAM, LLC, Huntington National Bank Provide $400M to Refinance Skilled Nursing Portfolio
December 19, 2024MONTICELLOAM, LLC (“MonticelloAM”) announced the closing of a $400,000,000 bridge loan for a 29-facility skilled nursing portfolio. A MonticelloAM firm affiliate acted as Agent, with Huntington National Bank as joint lead arranger. The financing comprised over 2,900 beds across Kentucky and Tennessee.
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B. Riley Securities Serves as Sole Bookrunner to Roman DBDR Acquisition Corp. II in Connection with its $200 Million Initial Public Offering
December 19, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunner to Roman DBDR Acquisition Corp. II (“Roman” or the “Company”) on its $200 million initial public offering.
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Hedaya Capital Provides $2.5 Million Factoring Facility to Help Family Business Expand
December 19, 2024The Hedaya Capital Group recently provided a $2.5 million factoring facility to a New Jersey-based high-end golf apparel brand that prioritizes the consumers’ athletic nature but can be worn for many engagements: athletic, personal, and professional.
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Amerisource Business Capital Closes a $3,500,000 Working Capital Facility for Industrial Coatings Firm
December 19, 2024Amerisource Business Capital is pleased to announce the successful closing and funding of a $3,500,000 working capital facility for an Oklahoma-based industrial coatings company serving diverse industries.
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Ashton Bennett Joins nFusion Capital as Senior Vice President, Underwriting
December 19, 2024nFusion Capital announced that experienced analyst Ashton Bennett has joined their team as Senior Vice President of Underwriting as of December 2, 2024. She is based in their Phoenix Office. In previous posts she has demonstrated steadfast leadership and a commitment to client satisfaction.
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Cervano Capital Launches as PE Firm
December 19, 2024Cervano focuses on investments in the lower middle market across business services, industrials, technology, and consumer sectors.
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Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio
December 19, 2024Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $10 million venture loan facility to OneNetwork, Inc. dba Finexio, of which $5 million has been initially funded.
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CIBC Innovation Banking Provides Growth Capital to AI-Powered Go-to-Market Platform Landbase
December 19, 2024CIBC Innovation Banking has provided growth capital financing to Landbase, an AI-powered go-to-market automation platform. The funding will support Landbase's growth plans and product development.
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AlixPartners Announces 23 Global Promotions at Partner & Managing Director and at Partner-level in its Turnaround and Restructuring Practice
December 19, 2024AlixPartners, the global consulting firm, announced today the promotion of 6 individuals to the role of Partner & Managing Director and 17 to the role of Partner from across its global Turnaround and Restructuring Practice, effective January 1, 2025.
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Soleno Therapeutics Enters Into $200 Million Debt Financing with Oxford Finance LLC
December 19, 2024Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced it has entered into a loan and security agreement with Oxford Finance LLC and its affiliates (Oxford) for up to $200 million.
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Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Announce a Merger of Equals to create a Premier Northeast Banking Franchise
December 19, 2024Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.
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Manulife-backed Serverfarm Upsizes TD Securities-led Credit Facility to $1.637 Billion to Deliver Critical Capacity to Hyperscale Tenants
December 19, 2024Serverfarm, a global data center developer and operator, has successfully increased its North American credit facility led by TD Securities to $1.637 billion, as part of its accelerated business growth backed by significant long-term commitments from hyperscale customers.
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Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.
December 18, 2024Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced it has entered into a multi-year Reserve-Based Lending (“RBL”) credit facility. The RBL facility, arranged with Citibank, N.A. (“Citi”), provides for an initial commitment of $44 million with the ability to expand up to $1 billion following production additions.
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BB Energy Asia Closes Secured Digital Borrowing Base Facility
December 18, 2024BB Energy Asia, a wholly-owned subsidiary of BB Energy Group Holding Ltd (“BB Energy Group” or the “Group”), has successfully closed a USD 340 million secured digital borrowing base facility (“Facility”) to support the working capital needs of its Asian trading business.
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Wolters Kluwer Indicator Survey Reveals Persisting Pain Points in Banks’ Risk Management and Regulatory Compliance Efforts
December 17, 2024While virtually half of respondents continue to express high levels of concern over key risk management and regulatory compliance obligations in the U.S. banking industry, those concerns are lower than in previous years, according to results of the 2024 Regulatory & Risk Management Indicator survey conducted by Wolters Kluwer.
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Private Credit Has New Opportunities in the Gulf, Golub Says
December 17, 2024New mid-sized businesses springing up in the Gulf will offer fresh lending opportunities to private credit firms in the region, the chief executive officer of Golub Capital said.
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Sound Point Provides Financing to Support the Acquisition of BNP Associates
December 17, 2024Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien, senior secured credit facility to BNP Associates, Inc. (“BNP” or the “Company”). The financing was used to support the acquisition of the Company by Godspeed Capital (“Godspeed” or the “Sponsor”).
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Mount Logan Capital Inc. Expands Corporate Credit Facility In Support of Key Business Initiatives
December 17, 2024Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) announced today that its wholly-owned subsidiary, MLC US Holdings LLC (“MLC US Holdings”), as Borrower, has entered into an amendment to its existing credit agreement (the “Fourth Amendment”) to upsize the facility by approximately $13.0 million, while amending the facility to, among other things, incorporate a pricing step-down mechanism as the business continues to perform, which is expected to reduce Mount Logan’s cost of debt.
-
Summit Broadband Secures Additional $100 Million for Florida Expansion
December 19, 2024Summit Broadband, a leading fiber-optics telecommunications provider in Florida, announced the successful closing of an incremental $100 million debt facility and term expansion with Brookfield Asset Management ("Brookfield").
-
Vesta Announces Closing of US$545 Million Global Syndicated Sustainable Credit Facility Including US$200 Million Revolving Credit Facility
December 19, 2024Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (BMV: Vesta; NYSE: VTMX), a leading industrial real estate company in Mexico, announced today that is has closed the previously announced US $545 million Global Syndicated Sustainable Credit Facility (the "Facility") comprised of a US $345 million term loan available through two tranches, for three and five years, with an 18-month availability period and a US $200 million Revolving Credit Facility, substituting the Company’s prior US $200 million in-place un-drawn Revolving Credit Facility.
-
MONTICELLOAM, LLC, Huntington National Bank Provide $400M to Refinance Skilled Nursing Portfolio
December 19, 2024MONTICELLOAM, LLC (“MonticelloAM”) announced the closing of a $400,000,000 bridge loan for a 29-facility skilled nursing portfolio. A MonticelloAM firm affiliate acted as Agent, with Huntington National Bank as joint lead arranger. The financing comprised over 2,900 beds across Kentucky and Tennessee.
-
B. Riley Securities Serves as Sole Bookrunner to Roman DBDR Acquisition Corp. II in Connection with its $200 Million Initial Public Offering
December 19, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunner to Roman DBDR Acquisition Corp. II (“Roman” or the “Company”) on its $200 million initial public offering.
-
Hedaya Capital Provides $2.5 Million Factoring Facility to Help Family Business Expand
December 19, 2024The Hedaya Capital Group recently provided a $2.5 million factoring facility to a New Jersey-based high-end golf apparel brand that prioritizes the consumers’ athletic nature but can be worn for many engagements: athletic, personal, and professional.
-
Amerisource Business Capital Closes a $3,500,000 Working Capital Facility for Industrial Coatings Firm
December 19, 2024Amerisource Business Capital is pleased to announce the successful closing and funding of a $3,500,000 working capital facility for an Oklahoma-based industrial coatings company serving diverse industries.
-
Ashton Bennett Joins nFusion Capital as Senior Vice President, Underwriting
December 19, 2024nFusion Capital announced that experienced analyst Ashton Bennett has joined their team as Senior Vice President of Underwriting as of December 2, 2024. She is based in their Phoenix Office. In previous posts she has demonstrated steadfast leadership and a commitment to client satisfaction.
-
Cervano Capital Launches as PE Firm
December 19, 2024Cervano focuses on investments in the lower middle market across business services, industrials, technology, and consumer sectors.
-
Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio
December 19, 2024Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $10 million venture loan facility to OneNetwork, Inc. dba Finexio, of which $5 million has been initially funded.
-
CIBC Innovation Banking Provides Growth Capital to AI-Powered Go-to-Market Platform Landbase
December 19, 2024CIBC Innovation Banking has provided growth capital financing to Landbase, an AI-powered go-to-market automation platform. The funding will support Landbase's growth plans and product development.
-
AlixPartners Announces 23 Global Promotions at Partner & Managing Director and at Partner-level in its Turnaround and Restructuring Practice
December 19, 2024AlixPartners, the global consulting firm, announced today the promotion of 6 individuals to the role of Partner & Managing Director and 17 to the role of Partner from across its global Turnaround and Restructuring Practice, effective January 1, 2025.
-
Soleno Therapeutics Enters Into $200 Million Debt Financing with Oxford Finance LLC
December 19, 2024Soleno Therapeutics, Inc. (Soleno) (NASDAQ: SLNO), a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of rare diseases, today announced it has entered into a loan and security agreement with Oxford Finance LLC and its affiliates (Oxford) for up to $200 million.
-
Berkshire Hills Bancorp, Inc. and Brookline Bancorp, Inc. Announce a Merger of Equals to create a Premier Northeast Banking Franchise
December 19, 2024Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB), the parent company of Berkshire Bank ("Berkshire Bank"), and Brookline Bancorp, Inc. ("Brookline") (NASDAQ: BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank (the "Banks"), today announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.
-
Manulife-backed Serverfarm Upsizes TD Securities-led Credit Facility to $1.637 Billion to Deliver Critical Capacity to Hyperscale Tenants
December 19, 2024Serverfarm, a global data center developer and operator, has successfully increased its North American credit facility led by TD Securities to $1.637 billion, as part of its accelerated business growth backed by significant long-term commitments from hyperscale customers.
-
Prairie Operating Co. Announces $1 Billion Reserve Based Lending Facility with Citibank, N.A.
December 18, 2024Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced it has entered into a multi-year Reserve-Based Lending (“RBL”) credit facility. The RBL facility, arranged with Citibank, N.A. (“Citi”), provides for an initial commitment of $44 million with the ability to expand up to $1 billion following production additions.
-
BB Energy Asia Closes Secured Digital Borrowing Base Facility
December 18, 2024BB Energy Asia, a wholly-owned subsidiary of BB Energy Group Holding Ltd (“BB Energy Group” or the “Group”), has successfully closed a USD 340 million secured digital borrowing base facility (“Facility”) to support the working capital needs of its Asian trading business.
-
Wolters Kluwer Indicator Survey Reveals Persisting Pain Points in Banks’ Risk Management and Regulatory Compliance Efforts
December 17, 2024While virtually half of respondents continue to express high levels of concern over key risk management and regulatory compliance obligations in the U.S. banking industry, those concerns are lower than in previous years, according to results of the 2024 Regulatory & Risk Management Indicator survey conducted by Wolters Kluwer.
-
Private Credit Has New Opportunities in the Gulf, Golub Says
December 17, 2024New mid-sized businesses springing up in the Gulf will offer fresh lending opportunities to private credit firms in the region, the chief executive officer of Golub Capital said.
-
Sound Point Provides Financing to Support the Acquisition of BNP Associates
December 17, 2024Sound Point Capital Management, LP (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien, senior secured credit facility to BNP Associates, Inc. (“BNP” or the “Company”). The financing was used to support the acquisition of the Company by Godspeed Capital (“Godspeed” or the “Sponsor”).
-
Mount Logan Capital Inc. Expands Corporate Credit Facility In Support of Key Business Initiatives
December 17, 2024Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) announced today that its wholly-owned subsidiary, MLC US Holdings LLC (“MLC US Holdings”), as Borrower, has entered into an amendment to its existing credit agreement (the “Fourth Amendment”) to upsize the facility by approximately $13.0 million, while amending the facility to, among other things, incorporate a pricing step-down mechanism as the business continues to perform, which is expected to reduce Mount Logan’s cost of debt.
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