• Obra Capital Completes Super Priority Secured Debtor-In-Possession Credit and Security Agreement with GWG Holdings, Inc.
    December 21, 2022
    Obra Capital, Inc. (“Obra”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced that it completed a super priority secured Debtor-In-Possession credit and security agreement with GWG Holdings, Inc. Obra, through Vida Insurance Credit Opportunity Fund III, LP and its related affiliates, agreed to provide a term loan credit facility in an initial aggregate principal amount of approximately $564 million and a revolving credit facility in an aggregate principal amount of up to $40 million.
  • Middle Market Company Acquisition Made Possible with $13 Commitment from Accord Financial
    December 20, 2022
    Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the closing of a $13 million credit facility to support the acquisition of an equipment services company. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package backed by accounts receivable and inventory as well as a term loan supported by equipment.
  • Ucore Announces Increase in Private Placement Financing to $4.2 Million and Update
    December 20, 2022
    On December 6, 2022, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") announced its plans to complete a non-brokered private placement of approximately 3.1 million units ("Units") for total proceeds of $2 million (the "Offering"). The Company is pleased to announce that it has received subscription agreements for in excess of $4.2 million and that the Company intends to increase the size of the Offering and accept these additional orders.
  • CMCT Announces Closing of New Credit Facility
    December 20, 2022
    CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has entered into a new $206 million secured credit facility. The new facility matures in December 2025 with two one-year extension options and replaces the company's prior credit facility that was set to mature in October 2023.
  • Allego Expands Credit Facility to €400 million, Securing Growth Capital Supporting its Significant Backlog
    December 20, 2022
    Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced that it has successfully expanded its credit facility by €230 million to €400 million. The new facility expires in December 2027.
  • Evans Expected to Increase Momentum With Expanded Credit Facility from PNC Bank
    December 20, 2022
    Evans Transportation Services Inc. today announced it has closed a new credit facility with PNC Bank, N.A. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018.
  • B. Riley Securities Served as Lead Left Bookrunner to Lion Electric on its $50 Million Follow-On Offering
    December 20, 2022
    B. Riley Securities, Inc., a leading full-service investment bank, was pleased to serve as lead left bookrunner to the Lion Electric Company (NYSE: LEV) ("Lion" or the "Company") in its successful Follow-On Offering which resulted in gross proceeds of US$50 million to Lion Electric.
  • OppFi Closes $150 Million Credit Facility
    December 20, 2022
    OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced that subsidiaries of the Company have closed a $150 million credit facility with an affiliate of Castlelake L.P. ("Castlelake") as lender. Affiliates of Hudson Cove Capital Management LLC ("Hudson Cove") are also participating in the credit facility.
  • Monroe Capital Supports TruArc Partners’ Investment in Prototek
    December 20, 2022
    Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the refinancing of Prototek Holdings LLC (“Prototek”), an existing portfolio company of TruArc Partners.
  • M&T Bank's Wilmington Trust Agrees to Sell CIT Business to Madison Dearborn Partners
    December 20, 2022
    Wilmington Trust, N.A. ("Wilmington Trust"), a leader in wealth management and corporate and institutional services and a wholly-owned subsidiary of M&T Bank Corporation ("M&T") (NYSE: MTB), today announced an agreement with Madison Dearborn Partners, LLC ("MDP"), a leading private equity firm based in Chicago, under which funds affiliated with MDP will acquire Wilmington Trust's Collective Investment Trust ("CIT") business.
  • Banc of California Announces Executive Promotions and a Retirement
    December 20, 2022
    Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the promotions of several senior executives effective January 1, 2023. The Company also announced the retirement of Lynn Sullivan as the Company’s Executive Vice President and Chief Risk Officer, effective as of year-end, following a distinguished career in banking and exceptional service to the Bank. Ms. Sullivan will serve as a consultant to the Bank for a six-month transition period
  • Superior Industries Announces Refinancing
    December 19, 2022
    Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) provided the capital for a new $400 million Senior Secured Term Loan maturing December 15, 2028. J.P. Morgan Chase Bank is Agent for a new $60 million Revolving Credit Facility maturing on December 15, 2027.
  • ASK Chemicals Refinances Senior Credit Facilities
    December 19, 2022
    ASK Chemicals, a leading global supplier of high-performance industrial resins and materials, today announced that it has signed definitive agreements to refinance the company's existing senior secured credit facilities; consisting of a €190m senior secured term loan facility and a €25m senior secured multi-currency revolving credit facility. Goldman Sachs Bank Europe SE acted as sole mandated lead arranger and bookrunner on the financing.
  • Paul Hastings Grows Again in London, Adding Weil Finance Partner
    December 19, 2022
    U.S. law firm Paul Hastings on Monday said it had added another partner from rival Weil, Gotshal & Manges, bringing on London-based Patrick Bright to strengthen its global finance practice.
  • Configure Partners Advises Hidden Harbor Capital Partners on its Acquisition Financing for Inspire Aesthetics LLC
    December 19, 2022
    Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor”) in securing committed debt capital to support Hidden Harbor’s acquisition of Inspire Aesthetics, LLC (“Inspire Aesthetics”), a leading network of plastic surgery and aesthetics centers in South Florida.
  • Evelo Biosciences Announces $45 Million Loan Agreement with Horizon Technology Finance Corporation to Refinance Existing Debt
    December 19, 2022
    Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered medicines acting on the small intestinal axis, SINTAX, today announced it has entered into a senior secured loan agreement with Horizon Technology Finance Corporation (Horizon) (Nasdaq: HRZN), 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.
  • Synovus Names New Enterprise and Operational Risk Executive Director
    December 19, 2022
    Synovus Financial Corp. (NYSE: SNV) today announced the hiring of Michael Colasso as the company’s new enterprise and operational risk executive director. Colasso reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia.
  • Avaya Holdings Likely To File For Bankruptcy: Report
    December 19, 2022
    Avaya Holdings Corp (NYSE: AVYA) will likely file for chapter 11 bankruptcy. Earlier in the week, Avaya said it is considering restructuring proposals from creditor groups. The technology company, Bloomberg reported, has been trying to clear problems around its accounting standards.
  • Wastequip Extends Senior Secured Revolving Credit Facility
    December 19, 2022
    Wastequip, the leading North American manufacturer of waste handling equipment, today announced it has successfully completed an amendment and extension of its senior secured revolving credit facility. As a result of the transaction, Wastequip's revolving lenders have agreed to extend the maturity of commitments totaling $45 million by 18 months to September 20, 2024.
  • Ero Copper Increases Revolving Credit Facility to $150 Million and Extends Maturity to December 2026
    December 19, 2022
    Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce that it has amended its existing senior secured revolving credit facility (the "Amended Credit Facility") to increase the aggregate commitments from $75 million to $150 million and extend the maturity from March 2025 to December 2026.
  • Obra Capital Completes Super Priority Secured Debtor-In-Possession Credit and Security Agreement with GWG Holdings, Inc.
    December 21, 2022
    Obra Capital, Inc. (“Obra”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced that it completed a super priority secured Debtor-In-Possession credit and security agreement with GWG Holdings, Inc. Obra, through Vida Insurance Credit Opportunity Fund III, LP and its related affiliates, agreed to provide a term loan credit facility in an initial aggregate principal amount of approximately $564 million and a revolving credit facility in an aggregate principal amount of up to $40 million.
  • Middle Market Company Acquisition Made Possible with $13 Commitment from Accord Financial
    December 20, 2022
    Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the closing of a $13 million credit facility to support the acquisition of an equipment services company. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package backed by accounts receivable and inventory as well as a term loan supported by equipment.
  • Ucore Announces Increase in Private Placement Financing to $4.2 Million and Update
    December 20, 2022
    On December 6, 2022, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") announced its plans to complete a non-brokered private placement of approximately 3.1 million units ("Units") for total proceeds of $2 million (the "Offering"). The Company is pleased to announce that it has received subscription agreements for in excess of $4.2 million and that the Company intends to increase the size of the Offering and accept these additional orders.
  • CMCT Announces Closing of New Credit Facility
    December 20, 2022
    CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has entered into a new $206 million secured credit facility. The new facility matures in December 2025 with two one-year extension options and replaces the company's prior credit facility that was set to mature in October 2023.
  • Allego Expands Credit Facility to €400 million, Securing Growth Capital Supporting its Significant Backlog
    December 20, 2022
    Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced that it has successfully expanded its credit facility by €230 million to €400 million. The new facility expires in December 2027.
  • Evans Expected to Increase Momentum With Expanded Credit Facility from PNC Bank
    December 20, 2022
    Evans Transportation Services Inc. today announced it has closed a new credit facility with PNC Bank, N.A. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018.
  • B. Riley Securities Served as Lead Left Bookrunner to Lion Electric on its $50 Million Follow-On Offering
    December 20, 2022
    B. Riley Securities, Inc., a leading full-service investment bank, was pleased to serve as lead left bookrunner to the Lion Electric Company (NYSE: LEV) ("Lion" or the "Company") in its successful Follow-On Offering which resulted in gross proceeds of US$50 million to Lion Electric.
  • OppFi Closes $150 Million Credit Facility
    December 20, 2022
    OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced that subsidiaries of the Company have closed a $150 million credit facility with an affiliate of Castlelake L.P. ("Castlelake") as lender. Affiliates of Hudson Cove Capital Management LLC ("Hudson Cove") are also participating in the credit facility.
  • Monroe Capital Supports TruArc Partners’ Investment in Prototek
    December 20, 2022
    Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the refinancing of Prototek Holdings LLC (“Prototek”), an existing portfolio company of TruArc Partners.
  • M&T Bank's Wilmington Trust Agrees to Sell CIT Business to Madison Dearborn Partners
    December 20, 2022
    Wilmington Trust, N.A. ("Wilmington Trust"), a leader in wealth management and corporate and institutional services and a wholly-owned subsidiary of M&T Bank Corporation ("M&T") (NYSE: MTB), today announced an agreement with Madison Dearborn Partners, LLC ("MDP"), a leading private equity firm based in Chicago, under which funds affiliated with MDP will acquire Wilmington Trust's Collective Investment Trust ("CIT") business.
  • Banc of California Announces Executive Promotions and a Retirement
    December 20, 2022
    Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the promotions of several senior executives effective January 1, 2023. The Company also announced the retirement of Lynn Sullivan as the Company’s Executive Vice President and Chief Risk Officer, effective as of year-end, following a distinguished career in banking and exceptional service to the Bank. Ms. Sullivan will serve as a consultant to the Bank for a six-month transition period
  • Superior Industries Announces Refinancing
    December 19, 2022
    Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) provided the capital for a new $400 million Senior Secured Term Loan maturing December 15, 2028. J.P. Morgan Chase Bank is Agent for a new $60 million Revolving Credit Facility maturing on December 15, 2027.
  • ASK Chemicals Refinances Senior Credit Facilities
    December 19, 2022
    ASK Chemicals, a leading global supplier of high-performance industrial resins and materials, today announced that it has signed definitive agreements to refinance the company's existing senior secured credit facilities; consisting of a €190m senior secured term loan facility and a €25m senior secured multi-currency revolving credit facility. Goldman Sachs Bank Europe SE acted as sole mandated lead arranger and bookrunner on the financing.
  • Paul Hastings Grows Again in London, Adding Weil Finance Partner
    December 19, 2022
    U.S. law firm Paul Hastings on Monday said it had added another partner from rival Weil, Gotshal & Manges, bringing on London-based Patrick Bright to strengthen its global finance practice.
  • Configure Partners Advises Hidden Harbor Capital Partners on its Acquisition Financing for Inspire Aesthetics LLC
    December 19, 2022
    Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor”) in securing committed debt capital to support Hidden Harbor’s acquisition of Inspire Aesthetics, LLC (“Inspire Aesthetics”), a leading network of plastic surgery and aesthetics centers in South Florida.
  • Evelo Biosciences Announces $45 Million Loan Agreement with Horizon Technology Finance Corporation to Refinance Existing Debt
    December 19, 2022
    Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered medicines acting on the small intestinal axis, SINTAX, today announced it has entered into a senior secured loan agreement with Horizon Technology Finance Corporation (Horizon) (Nasdaq: HRZN), 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.
  • Synovus Names New Enterprise and Operational Risk Executive Director
    December 19, 2022
    Synovus Financial Corp. (NYSE: SNV) today announced the hiring of Michael Colasso as the company’s new enterprise and operational risk executive director. Colasso reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia.
  • Avaya Holdings Likely To File For Bankruptcy: Report
    December 19, 2022
    Avaya Holdings Corp (NYSE: AVYA) will likely file for chapter 11 bankruptcy. Earlier in the week, Avaya said it is considering restructuring proposals from creditor groups. The technology company, Bloomberg reported, has been trying to clear problems around its accounting standards.
  • Wastequip Extends Senior Secured Revolving Credit Facility
    December 19, 2022
    Wastequip, the leading North American manufacturer of waste handling equipment, today announced it has successfully completed an amendment and extension of its senior secured revolving credit facility. As a result of the transaction, Wastequip's revolving lenders have agreed to extend the maturity of commitments totaling $45 million by 18 months to September 20, 2024.
  • Ero Copper Increases Revolving Credit Facility to $150 Million and Extends Maturity to December 2026
    December 19, 2022
    Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce that it has amended its existing senior secured revolving credit facility (the "Amended Credit Facility") to increase the aggregate commitments from $75 million to $150 million and extend the maturity from March 2025 to December 2026.