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Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger
November 27, 2023Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest.
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Great Elm Capital Corp. (“GECC”) Extends Revolving Credit Facility, Lowers Cost of Capital
November 27, 2023Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it has amended its existing $25 million revolving line of credit (the “Revolver”).
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Longroad Energy Secures $600 Million in Debt Financing to Power Expansion of its Renewable Energy Portfolio
November 27, 2023Longroad Energy Holdings, LLC ("Longroad"), a U.S.-based renewable energy developer, owner and operator, announced today that it has closed $600 million in debt financing to further accelerate the growth of its wind, solar, and battery portfolio. The credit facility is composed of a $275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.
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Fluence Energy, Inc. Announces Closing of New $400 Million Asset-Backed Lending Facility
November 27, 2023Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global provider of energy storage products and services and optimization software for renewables and storage, today announced that it has entered into a new four-year $400 million Asset Backed Lending (“ABL”) credit facility maturing in November 2027.
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RVL Completes Financial Restructuring
November 27, 2023RVL Pharmaceuticals, Inc. (“RVL” or the “Company”), a specialty pharmaceutical company focused on the commercialization of UPNEEQ® (oxymetazoline hydrochloride ophthalmic solution), 0.1%, for the treatment of acquired blepharoptosis, or droopy eyelids, in adults, today announced that it and its wholly-owned U.S. operating subsidiary RVL Pharmacy, LLC (collectively, the “RVL Subsidiaries”), successfully emerged from their Chapter 11 cases on November 22, 2023
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Hogan Lovells Expands Energy Transition Capabilities in Washington, D.C. with Addition of Michael Bonsignore
November 27, 2023Global law firm Hogan Lovells today announced that Michael Bonsignore has joined the Corporate & Finance practice group in Washington, D.C. as a partner in the firm’s Infrastructure, Energy, Resources, and Projects (IERP) practice area. He joins from Clifford Chance.
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Bibby Financial Services Chooses FGI T.R.U.S.T.™ for Strategic Partnership
November 27, 2023FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that the UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”), has chosen FGI T.R.U.S.T. ™ as its software platform for bad debt protection management and administration.
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Marathon Asset Management Provides Creative Capital Solution to Support Bridger Aerospace’s Growth
November 27, 2023Bridger Aerospace Group Holdings, Inc. ("Bridger" or "Bridger Aerospace"), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, announced it has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund.
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Greencore Agrees £350m Sustainability Linked Credit Facility
November 27, 2023Food group Greencore said it has agreed a new sustainability-linked credit facility worth £350 million that will give the company financial flexibility as it targets growth.
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Xerox Corp. (XRX) Enters Agreement for $550M Credit Facility
November 27, 2023On November 17, 2023 (the “Closing Date”), Xerox Corporation (“Xerox”), as borrower, its parent company, Xerox Holdings Corporation (the “Company”), and certain subsidiaries of Xerox entered into a first lien term loan credit agreement (the “Credit Agreement”) with Jefferies Finance LLC, as administrative agent and collateral agent (the “Agent”) and the lenders party thereto (the “Lenders”), providing for a first lien senior secured term loan credit facility (the “TLB”) of $550.0 million to be extended to Xerox on the Closing Date
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Erik Olson Joins BerryDunn to Expand Transaction Advisory Services
November 27, 2023The team provides in-depth financial data analysis to help businesses plan and structure for the future. According to Seth Webber, Valuation Practice Group Principal, “Erik has a long career specializing in project finance, M&A, and corporate finance transactions. His unique skill set deepens our ability to meet the strategic business needs of our expanding customer base.”
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Sallyport Commercial Finance Provides Manufacturer With $16 Million Finance for Sustainable Future
November 27, 2023Sallyport Commercial Finance announced it provided $7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics manufacturer.
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Citizens Advises Engineered Solutions Group on its Acquisition by The Timken Company
November 27, 2023Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Engineered Solutions Group on its previously announced acquisition by The Timken Company.
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SC&H Capital Principal Hank Waida Named Among Top 100 Restructuring Professionals by Global M&A Network
November 27, 2023The Global M&A Network has recognized Hank Waida in the 2023 Top 100 Restructuring Professionals. Celebrating its 10th anniversary, the annual list highlights influential professionals in the restructuring, distressed M&A, and turnaround communities.
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The Real Good Food Company Announces Definitive Debt Refinancing Agreement to Enhance Liquidity
November 27, 2023The Real Good Food Company, Inc. (NASDAQ: RGF) (“Real Good Foods” or the “Company”), a leading health and wellness frozen and refrigerated foods company, today announced the signing of a definitive debt refinancing agreement with PMC Financial Services Group, LLC (“PMC”), which is expected to enhance the Company’s liquidity position by up to $15 million.
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Golub Capital Leads $490 Million Term Loan for Colibri Group
November 27, 2023Golub Capital acted as Left Lead Arranger on a $490 million incremental first lien term loan for Colibri Group (“Colibri”). The proceeds will be used to fund two acquisitions and repay an existing second lien term loan. The deal initially launched at $400 million and was then upsized by $90 million to fund a new tuck-in acquisition.
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TD Bank Appoints Mike Nursey North Florida Commercial Market President
November 27, 2023TD Bank, America’s Most Convenient Bank®, today announced that Mike Nursey has been named its North Florida Commercial Market President to support continued growth efforts in the region, which includes the greater Orlando, Tampa/St. Petersburg, Jacksonville, Gainesville, Ocala, Daytona, Lakeland and Melbourne areas. Nursey is based in Tampa.
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Runway Growth Capital Provides a $50 Million Debt Commitment to Linxup
November 27, 2023Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today a $50 million debt commitment to Linxup, a U.S.-based GPS tracking, telematics and fleet management provider serving small and mid-size businesses.
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Gordon Brothers Partners with Maynards Europe to Sell AURORA Lichtwerke’s Lamp Development & Manufacturing Plant Assets
November 27, 2023Gordon Brothers, the global asset experts, is partnering with Maynards Europe to sell by online auction AURORA Lichtwerke’s lamp development and manufacturing plant assets.
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Havfram Signs Green ECA Term Loan Facility to Fully Finance Newbuilding Programme
November 21, 2023Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the "Facility") to fund its two Wind Turbine Installation Vessels ("WTIVs"), currently under construction at CIMC Raffles.
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Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger
November 27, 2023Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest.
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Great Elm Capital Corp. (“GECC”) Extends Revolving Credit Facility, Lowers Cost of Capital
November 27, 2023Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it has amended its existing $25 million revolving line of credit (the “Revolver”).
-
Longroad Energy Secures $600 Million in Debt Financing to Power Expansion of its Renewable Energy Portfolio
November 27, 2023Longroad Energy Holdings, LLC ("Longroad"), a U.S.-based renewable energy developer, owner and operator, announced today that it has closed $600 million in debt financing to further accelerate the growth of its wind, solar, and battery portfolio. The credit facility is composed of a $275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.
-
Fluence Energy, Inc. Announces Closing of New $400 Million Asset-Backed Lending Facility
November 27, 2023Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global provider of energy storage products and services and optimization software for renewables and storage, today announced that it has entered into a new four-year $400 million Asset Backed Lending (“ABL”) credit facility maturing in November 2027.
-
RVL Completes Financial Restructuring
November 27, 2023RVL Pharmaceuticals, Inc. (“RVL” or the “Company”), a specialty pharmaceutical company focused on the commercialization of UPNEEQ® (oxymetazoline hydrochloride ophthalmic solution), 0.1%, for the treatment of acquired blepharoptosis, or droopy eyelids, in adults, today announced that it and its wholly-owned U.S. operating subsidiary RVL Pharmacy, LLC (collectively, the “RVL Subsidiaries”), successfully emerged from their Chapter 11 cases on November 22, 2023
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Hogan Lovells Expands Energy Transition Capabilities in Washington, D.C. with Addition of Michael Bonsignore
November 27, 2023Global law firm Hogan Lovells today announced that Michael Bonsignore has joined the Corporate & Finance practice group in Washington, D.C. as a partner in the firm’s Infrastructure, Energy, Resources, and Projects (IERP) practice area. He joins from Clifford Chance.
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Bibby Financial Services Chooses FGI T.R.U.S.T.™ for Strategic Partnership
November 27, 2023FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that the UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”), has chosen FGI T.R.U.S.T. ™ as its software platform for bad debt protection management and administration.
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Marathon Asset Management Provides Creative Capital Solution to Support Bridger Aerospace’s Growth
November 27, 2023Bridger Aerospace Group Holdings, Inc. ("Bridger" or "Bridger Aerospace"), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, announced it has entered into a joint venture partnership with Marathon Asset Management L.P. and Avenue Capital’s Sustainable Solutions Fund.
-
Greencore Agrees £350m Sustainability Linked Credit Facility
November 27, 2023Food group Greencore said it has agreed a new sustainability-linked credit facility worth £350 million that will give the company financial flexibility as it targets growth.
-
Xerox Corp. (XRX) Enters Agreement for $550M Credit Facility
November 27, 2023On November 17, 2023 (the “Closing Date”), Xerox Corporation (“Xerox”), as borrower, its parent company, Xerox Holdings Corporation (the “Company”), and certain subsidiaries of Xerox entered into a first lien term loan credit agreement (the “Credit Agreement”) with Jefferies Finance LLC, as administrative agent and collateral agent (the “Agent”) and the lenders party thereto (the “Lenders”), providing for a first lien senior secured term loan credit facility (the “TLB”) of $550.0 million to be extended to Xerox on the Closing Date
-
Erik Olson Joins BerryDunn to Expand Transaction Advisory Services
November 27, 2023The team provides in-depth financial data analysis to help businesses plan and structure for the future. According to Seth Webber, Valuation Practice Group Principal, “Erik has a long career specializing in project finance, M&A, and corporate finance transactions. His unique skill set deepens our ability to meet the strategic business needs of our expanding customer base.”
-
Sallyport Commercial Finance Provides Manufacturer With $16 Million Finance for Sustainable Future
November 27, 2023Sallyport Commercial Finance announced it provided $7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics manufacturer.
-
Citizens Advises Engineered Solutions Group on its Acquisition by The Timken Company
November 27, 2023Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Engineered Solutions Group on its previously announced acquisition by The Timken Company.
-
SC&H Capital Principal Hank Waida Named Among Top 100 Restructuring Professionals by Global M&A Network
November 27, 2023The Global M&A Network has recognized Hank Waida in the 2023 Top 100 Restructuring Professionals. Celebrating its 10th anniversary, the annual list highlights influential professionals in the restructuring, distressed M&A, and turnaround communities.
-
The Real Good Food Company Announces Definitive Debt Refinancing Agreement to Enhance Liquidity
November 27, 2023The Real Good Food Company, Inc. (NASDAQ: RGF) (“Real Good Foods” or the “Company”), a leading health and wellness frozen and refrigerated foods company, today announced the signing of a definitive debt refinancing agreement with PMC Financial Services Group, LLC (“PMC”), which is expected to enhance the Company’s liquidity position by up to $15 million.
-
Golub Capital Leads $490 Million Term Loan for Colibri Group
November 27, 2023Golub Capital acted as Left Lead Arranger on a $490 million incremental first lien term loan for Colibri Group (“Colibri”). The proceeds will be used to fund two acquisitions and repay an existing second lien term loan. The deal initially launched at $400 million and was then upsized by $90 million to fund a new tuck-in acquisition.
-
TD Bank Appoints Mike Nursey North Florida Commercial Market President
November 27, 2023TD Bank, America’s Most Convenient Bank®, today announced that Mike Nursey has been named its North Florida Commercial Market President to support continued growth efforts in the region, which includes the greater Orlando, Tampa/St. Petersburg, Jacksonville, Gainesville, Ocala, Daytona, Lakeland and Melbourne areas. Nursey is based in Tampa.
-
Runway Growth Capital Provides a $50 Million Debt Commitment to Linxup
November 27, 2023Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today a $50 million debt commitment to Linxup, a U.S.-based GPS tracking, telematics and fleet management provider serving small and mid-size businesses.
-
Gordon Brothers Partners with Maynards Europe to Sell AURORA Lichtwerke’s Lamp Development & Manufacturing Plant Assets
November 27, 2023Gordon Brothers, the global asset experts, is partnering with Maynards Europe to sell by online auction AURORA Lichtwerke’s lamp development and manufacturing plant assets.
-
Havfram Signs Green ECA Term Loan Facility to Fully Finance Newbuilding Programme
November 21, 2023Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the "Facility") to fund its two Wind Turbine Installation Vessels ("WTIVs"), currently under construction at CIMC Raffles.
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