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TREES Corporation Announces Strategic Restructuring of Senior Secured Loan; Resets 2024 for Growth Focusing on Revenue & Cash Flow Initiatives
December 21, 2023TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a vertically-integrated operator in Colorado and Oregon, today announced a significant restructuring of its senior secured loan; a strategic move designed to strengthen the Company's financial foundation and foster growth.
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Travel + Leisure Co. Successfully Reprices and Upsizes Secured Term Loan B Facility to $598 Million
December 21, 2023Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”).
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North Avenue Capital Facilitates $1.8 Million USDA REAP Loan for SEPV Cuyama, LLC's Renewable Energy Project
December 21, 2023North Avenue Capital (NAC), a leading provider of USDA Rural Development Program financing across America, is pleased to announce the successful closing of a $1.8 million USDA Rural Energy for America Program (REAP) Loan for SEPV Cuyama, LLC (SEPV). As an industry leader, NAC's alignment with the renewable energy sector demonstrates its commitment to bolstering innovation and sustainability across rural America.
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Private Equity Veteran Kelly Williams Joins Blank Rome in Houston
December 21, 2023Blank Rome LLP is pleased to announce that A. Kelly Williams has joined the firm’s Houston office as senior counsel in the Corporate, M&A, and Securities group. Kelly will focus his practice on advising clients, including private equity funds, portfolio companies, financial institutions, and privately held businesses, on structuring and implementing acquisitions, divestitures, and financing transactions, as well as providing strategic business counsel to support future growth.
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Many Multiunit Restaurant Chains Need to Reboot Their Balance Sheets
December 21, 2023Post-pandemic shifts necessitate more efficient operations and portfolios, advises Joe McKeska of A&G, along with fellow panelists at major restaurant industry conference
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Hilco Global Warms the Winter by Providing Coats to Asylum Seekers and the Homeless
December 21, 2023Hilco donates over 8,000 new winter coats to those in need and living in shelters in Chicago, IL, Boston, MA, Philadelphia, PA, and Alexandria, VA.
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US Private Credit: Stone Point Leads Financing for Vensure Employer Solutions
December 21, 2023Vensure Employer Solutions, a leading provider of HR/HCM technology, managed services, and global business process outsourcing, today announced that Stone Point Capital Markets, a division of Stone Point Capital LLC, a private equity firm based in Greenwich, Connecticut, led a senior secured financing of $500 million to support Vensure Employer Solutions.
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Amerisource Closes $5,000,000 Working Capital Facility for Manufacturer
December 21, 2023Amerisource Business Capital announced the closing and funding of a $5,000,000 working capital facility for a Texas-based manufacturer of outdoor recreational products. The proceeds were used to refinance the company's existing bank line and support its ongoing working capital needs.
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Dominion Lending Centres Inc. Amends and Extends Credit Facility
December 21, 2023Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has amended and extended its credit facilities with The Toronto-Dominion Bank effective December 19, 2023. The maturity date for the credit facilities has been extended from December 22, 2024 to December 19, 2026.
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Origis Energy Closes $344 Million Project Construction and Term Loan Facility with MUFG
December 20, 2023Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of a $344 million construction financing facility and conversion to term loan with MUFG, a leading global financial group, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi.
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Pathlight Capital Closes Third ABL Credit Fund with $860 Million of Commitments
December 20, 2023Pathlight Capital LP ("Pathlight") announced today the final closing of its third fund, Pathlight Capital Fund III LP ("Fund III") as well as the initial Tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP (the "Evergreen Fund" and together with Fund III, the "Fund").
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Catalent Announces Closing of Incremental Term Loans
December 20, 2023Catalent, Inc. announced today that its wholly owned subsidiary, Catalent Pharma Solutions, Inc., as borrower, and certain other wholly owned subsidiaries of Catalent, entered into an amendment, dated as of December 19, 2023, to its existing credit agreement for the issuance of new incremental term loans in an aggregate amount of $600 million, which was upsized due to very strong lender demand.
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World Renowned Banking and Financial Restructuring Team Joins Greenberg Traurig
December 20, 2023Leading banking, finance, and restructuring lawyer Kalyan “Kal” Das joined Greenberg Traurig, LLP along with Sharan Calay and Andrew Silverstein. They join from Seward & Kissel, where Das has spent over three decades and was head of its Global Bank and Institutional Finance & Restructuring Practice.
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Simpson Thacher Adds Prominent Fund Finance Partner in London
December 20, 2023Ranked by Chambers as one of the leading lawyers in banking and finance, Katie focuses on fund finance matters, advising borrowers across numerous fund strategies, as well as private credit lenders, on the full spectrum of products available in the market. Her work includes advising on subscription financings, NAV and hybrid financings, secondaries, GP-support debt facilities and equity products.
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Deerpath Capital Closes Ninth Collateralized Loan Obligation
December 20, 2023Deerpath Capital Management, LP announced the closing of Deerpath CLO 2023-2, a $353.65 million collateralized loan obligation (CLO). This marks Deerpath's second new issuance CLO in 2023.
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Ampla Secures $275 Million Credit Facility from Citi and Waterfall Asset Management to Fuel Continued Expansion
December 20, 2023Ampla, a leading provider of innovative financial solutions for consumer brands, announced today the successful closure of a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million from top tier investors, including Goldman Sachs and Atalaya Capital.
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Monroe Capital Supports Carousel Capital Partners’ Expedited Travel
December 20, 2023Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the refinancing of Expedited Travel, an existing portfolio company of Carousel Capital Partners.
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Bird Enters into Comprehensive Restructuring Support Agreement with First- and Second-Lien Lenders to Strengthen Financial Position
December 20, 2023Bird Global, Inc. (OTCQX: BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced its entry into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth.
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CIT Northbridge Credit Provides Working Capital Financing to Winona Foods
December 20, 2023First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, has provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, Wisconsin.
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Austin Financial Services Closed a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 20, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
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TREES Corporation Announces Strategic Restructuring of Senior Secured Loan; Resets 2024 for Growth Focusing on Revenue & Cash Flow Initiatives
December 21, 2023TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a vertically-integrated operator in Colorado and Oregon, today announced a significant restructuring of its senior secured loan; a strategic move designed to strengthen the Company's financial foundation and foster growth.
-
Travel + Leisure Co. Successfully Reprices and Upsizes Secured Term Loan B Facility to $598 Million
December 21, 2023Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”).
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North Avenue Capital Facilitates $1.8 Million USDA REAP Loan for SEPV Cuyama, LLC's Renewable Energy Project
December 21, 2023North Avenue Capital (NAC), a leading provider of USDA Rural Development Program financing across America, is pleased to announce the successful closing of a $1.8 million USDA Rural Energy for America Program (REAP) Loan for SEPV Cuyama, LLC (SEPV). As an industry leader, NAC's alignment with the renewable energy sector demonstrates its commitment to bolstering innovation and sustainability across rural America.
-
Private Equity Veteran Kelly Williams Joins Blank Rome in Houston
December 21, 2023Blank Rome LLP is pleased to announce that A. Kelly Williams has joined the firm’s Houston office as senior counsel in the Corporate, M&A, and Securities group. Kelly will focus his practice on advising clients, including private equity funds, portfolio companies, financial institutions, and privately held businesses, on structuring and implementing acquisitions, divestitures, and financing transactions, as well as providing strategic business counsel to support future growth.
-
Many Multiunit Restaurant Chains Need to Reboot Their Balance Sheets
December 21, 2023Post-pandemic shifts necessitate more efficient operations and portfolios, advises Joe McKeska of A&G, along with fellow panelists at major restaurant industry conference
-
Hilco Global Warms the Winter by Providing Coats to Asylum Seekers and the Homeless
December 21, 2023Hilco donates over 8,000 new winter coats to those in need and living in shelters in Chicago, IL, Boston, MA, Philadelphia, PA, and Alexandria, VA.
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US Private Credit: Stone Point Leads Financing for Vensure Employer Solutions
December 21, 2023Vensure Employer Solutions, a leading provider of HR/HCM technology, managed services, and global business process outsourcing, today announced that Stone Point Capital Markets, a division of Stone Point Capital LLC, a private equity firm based in Greenwich, Connecticut, led a senior secured financing of $500 million to support Vensure Employer Solutions.
-
Amerisource Closes $5,000,000 Working Capital Facility for Manufacturer
December 21, 2023Amerisource Business Capital announced the closing and funding of a $5,000,000 working capital facility for a Texas-based manufacturer of outdoor recreational products. The proceeds were used to refinance the company's existing bank line and support its ongoing working capital needs.
-
Dominion Lending Centres Inc. Amends and Extends Credit Facility
December 21, 2023Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has amended and extended its credit facilities with The Toronto-Dominion Bank effective December 19, 2023. The maturity date for the credit facilities has been extended from December 22, 2024 to December 19, 2026.
-
Origis Energy Closes $344 Million Project Construction and Term Loan Facility with MUFG
December 20, 2023Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of a $344 million construction financing facility and conversion to term loan with MUFG, a leading global financial group, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi.
-
Pathlight Capital Closes Third ABL Credit Fund with $860 Million of Commitments
December 20, 2023Pathlight Capital LP ("Pathlight") announced today the final closing of its third fund, Pathlight Capital Fund III LP ("Fund III") as well as the initial Tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP (the "Evergreen Fund" and together with Fund III, the "Fund").
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Catalent Announces Closing of Incremental Term Loans
December 20, 2023Catalent, Inc. announced today that its wholly owned subsidiary, Catalent Pharma Solutions, Inc., as borrower, and certain other wholly owned subsidiaries of Catalent, entered into an amendment, dated as of December 19, 2023, to its existing credit agreement for the issuance of new incremental term loans in an aggregate amount of $600 million, which was upsized due to very strong lender demand.
-
World Renowned Banking and Financial Restructuring Team Joins Greenberg Traurig
December 20, 2023Leading banking, finance, and restructuring lawyer Kalyan “Kal” Das joined Greenberg Traurig, LLP along with Sharan Calay and Andrew Silverstein. They join from Seward & Kissel, where Das has spent over three decades and was head of its Global Bank and Institutional Finance & Restructuring Practice.
-
Simpson Thacher Adds Prominent Fund Finance Partner in London
December 20, 2023Ranked by Chambers as one of the leading lawyers in banking and finance, Katie focuses on fund finance matters, advising borrowers across numerous fund strategies, as well as private credit lenders, on the full spectrum of products available in the market. Her work includes advising on subscription financings, NAV and hybrid financings, secondaries, GP-support debt facilities and equity products.
-
Deerpath Capital Closes Ninth Collateralized Loan Obligation
December 20, 2023Deerpath Capital Management, LP announced the closing of Deerpath CLO 2023-2, a $353.65 million collateralized loan obligation (CLO). This marks Deerpath's second new issuance CLO in 2023.
-
Ampla Secures $275 Million Credit Facility from Citi and Waterfall Asset Management to Fuel Continued Expansion
December 20, 2023Ampla, a leading provider of innovative financial solutions for consumer brands, announced today the successful closure of a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million from top tier investors, including Goldman Sachs and Atalaya Capital.
-
Monroe Capital Supports Carousel Capital Partners’ Expedited Travel
December 20, 2023Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the refinancing of Expedited Travel, an existing portfolio company of Carousel Capital Partners.
-
Bird Enters into Comprehensive Restructuring Support Agreement with First- and Second-Lien Lenders to Strengthen Financial Position
December 20, 2023Bird Global, Inc. (OTCQX: BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced its entry into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth.
-
CIT Northbridge Credit Provides Working Capital Financing to Winona Foods
December 20, 2023First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, has provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, Wisconsin.
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Austin Financial Services Closed a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 20, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
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