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Dechert Announces New Global Leadership Team
December 1, 2022Global law firm Dechert has today announced that, effective July 1, 2023, partners David W. Forti and Mark E. Thierfelder will become Co-Chairs and that partners Sabina Comis and Vincent H. Cohen, Jr. will become the firm's first Global Managing Partners. The incoming leadership team will succeed Andy J. Levander, the firm's Chair since 2011, and Henry N. Nassau, the firm's CEO since 2016, when their leadership terms end on June 30, 2023.
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Nautilus, Inc. Completes Refinancing of Existing Term Loan, Enhancing its Liquidity Position and Increasing the Total Credit Facility to $130 Million
December 1, 2022Nautilus, Inc. (NYSE: NLS) (the “Company”) today announced the amendment of its existing credit facility by refinancing the previous term loan with a new $30 million term loan (“New Term Loan”), thereby increasing the Company’s total credit facility to $130 million. The credit facility previously consisted of a $100 million asset-based revolver and a $15 million term loan provided by Wells Fargo Bank, NA.
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Alvarez & Marsal Launches Mass Torts Practice, Naming Timothy Raab Managing Director and Practice Leader
December 1, 2022Leading global professional services firm Alvarez & Marsal (A&M) has launched a new Mass Torts offering, within its Disputes and Investigations practice, dedicated to helping litigants, companies, special masters, and parties in bankruptcy cases forecast and assess the economic impact of mass torts. Timothy Raab, based in Washington-DC, has been appointed Managing Director to head the new Mass Torts practice in North America for helping clients resolve cases ranging from product liability to toxic pollution and natural disasters.
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Sterling Announces New $700 Million Credit Facility and $100 Million Share Repurchase Program
December 1, 2022Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) today announced a $700 million refinancing of the Company’s credit facility and the authorization of a $100 million share repurchase program. KeyBanc Capital Markets Inc. led the refinancing transaction with Wells Fargo Securities, LLC, Citizens Bank N.A., and J.P. Morgan Chase Bank N.A. acting as Joint Lead Arrangers.
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Audax Private Debt Provides Financing to Support Odyssey Investment Partners’ Investment in Magna Legal Services
December 1, 2022Audax Private Debt (“Audax”) announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support Odyssey Investment Partners’ (“Odyssey”) acquisition of Magna Legal Services (“Magna” or the “Company”). Headquartered in Philadelphia, Magna provides litigation support services to over 13,000 law firms, corporations, insurance carriers, and government agencies.
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Aspen Aerogels, Inc. Announces $100 Million Secured Loan Agreement with General Motors
November 30, 2022Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that its wholly-owned subsidiary, Aspen Aerogels Georgia LLC, together with the Company and Aspen Aerogels Rhode Island, LLC have entered into a definitive loan agreement with General Motors Holdings LLC ("GM"), an affiliate of General Motors (NYSE: GM), for a secured lending commitment of $100 million in connection with Aspen's construction and equipping of its second aerogel manufacturing facility in Statesboro, Georgia.
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Viemed Announces New Senior Secured Credit Facilities
November 30, 2022Viemed Healthcare, Inc. (the “Company” or “Viemed”) (NASDAQ:VMD and TSX:VMD.TO), a national leader in respiratory care and technology-enabled home medical equipment services, announced that it has entered into new syndicated credit facilities, consisting of a five-year senior secured revolving credit facility of up to $30 million and a five-year delayed draw term loan facility of up to $30 million, which may be borrowed in multiple drawdowns.
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Eyenovia Announces $15 Million Credit Facility with Avenue Venture Debt Fund
November 30, 2022Eyenovia, Inc. (NASDAQ: EYEN), a pre-commercial ophthalmic technology company developing the Optejet® delivery system for use both in combination with its own drug-device therapeutic programs for mydriasis, presbyopia and pediatric progressive myopia as well as out-licensing for additional indications, today announced that the company has entered into a $15 million credit facility with the Avenue Venture Opportunities Fund, L.P. (“Avenue Venture Debt Fund” or “Avenue”).
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Brightwood Capital Advisors Leads Senior Secured Credit Facility to Support Beringer Capital’s Investment in VeraData
November 30, 2022Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, today announced that it acted as sole lead arranger and administrative agent for a senior secured credit facility in support of Beringer Capital’s investment in VeraData (“the Company”), a decision science company that leverages next generation analytics and omni-channel data to optimize direct marketing campaign results.
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Viva Capital Funding Closes $85.0 Million in Bank Credit Facilities
November 30, 2022Viva Capital Funding, LLC (“Viva”), a leading invoice factoring specialty finance company, today announced the closing of $85.0 million in two bank credit facilities; consisting of $45.0 million for factoring and $40.0 million for land banking. This transaction follows a successful $18.5 million investment-grade rated corporate note financing completed by the Company in June 2022.
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HYPERAMS Announces Upcoming Auction of Gerke Excavating, Inc. Assets
November 30, 2022HYPERAMS, LLC announced the December 15, 2022 live virtual online auction of surplus assets owned by Gerke Excavating, a leading provider of excavation, site grading, gravel crushing, and trucking services in western Wisconsin. The assets are located in Onalaska, Wisconsin and will be available for auction preview and inspection prior to the auction date on December 13 and 14 by appointment only. Event details can be viewed at https://www.hyperams.com/yellow-iron-auction-december-2022.
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TD Bank Invests $5 Million in Citizens Trust Bank, a Minority-owned Financial Institution Serving the Atlanta Region for Over 100 Years
November 30, 2022The Commercial Bank of TD Bank, America’s Most Convenient Bank®, announced today that it has made a $5 million equity investment in Citizens Trust Bank in Atlanta, Ga., to help expand opportunities for minority-owned businesses as it eyes further expansion into the region.
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TAB Bank Provides Commercial Truck Parts Distributor in Texas with a $5 Million Asset-Based Credit Facility
November 30, 2022TAB Bank is pleased to announce it has provided a commercial truck parts distributor in Texas with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Sallyport Tailors $2.5 Million Finance for Food and Beverage Manufacturer
November 30, 2022Sallyport is thrilled to announce a tailored finance package of $2,500,000 for a family-owned manufacturer of powdered coffees, cappuccino mixes and other specialty drinks. The funding comprises accounts receivable and inventory finance and a cash flow loan which will enable the client to cover their operational expenses as they expand the business both at home and abroad.
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Runway Growth Finance Corp. Commences Offering of Notes
November 30, 2022Oppenheimer & Co. Inc., UBS Securities LLC, B. Riley Securities, Inc. and Ladenburg Thalmann & Co. Inc. are acting as joint book-running managers of this offering. Compass Point Research & Trading, LLC, Janney Montgomery Scott LLC and Hovde Group, LLC are acting as co-managers of this offering.
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PRA Group Announces Refinancing of European Revolving Credit Facility
November 29, 2022PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that on November 23, 2022, it completed the refinancing of its $750 million European revolving credit facility.
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Blue Bird Corporation Announces Amendment and Extension of Credit Facility
November 29, 2022Blue Bird Corporation (NASDAQ: BLBD), the leader in electric and cleaner-emission school buses, announced that it entered into a sixth amendment to its credit facility, dated as of December 12, 2016, extending the maturity date through December 31, 2024.
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The Interface Financial Group Has Provided $37,000,000 of Digital Supply Chain Finance to Group of Suppliers in Multiple Countries
November 29, 2022The Interface Financial Group (“IFG”) announced the funding of a $37,000,000 digital supply chain finance for a group of suppliers in multiple countries. The digital early payments program provided by IFG helps suppliers to address the pressure of the current economic environment.
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Greenbacker Closes new $150 Million Senior Secured Sustainability Revolving Credit Facility
November 29, 2022Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading climate-focused investment manager and independent power producer, today announced that it completed the closing of a new $150.0 million senior secured sustainability revolving credit facility. The closing of the credit facility reaffirms Greenbacker’s position among renewable energy companies as a well-capitalized owner and operator with access to capital through market cycles.
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Norton Rose Fulbright Adds to Highly Regarded Energy Practice With Transactions Partner in Houston
November 29, 2022Global law firm Norton Rose Fulbright today announced that energy transactions lawyer McCaleb “Mac” Marshall has joined its highly regarded energy, infrastructure and resources practice as a partner in Houston. Joining from Porter Hedges, Marshall represents energy clients in connection with onshore, offshore, upstream and midstream projects located in the US and around the world. He has particular experience in acquisitions and divestitures, joint ventures, exploration and development projects, gas storage agreements, oil and gas transportation and marketing agreements as well as service and drilling contracts.
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Dechert Announces New Global Leadership Team
December 1, 2022Global law firm Dechert has today announced that, effective July 1, 2023, partners David W. Forti and Mark E. Thierfelder will become Co-Chairs and that partners Sabina Comis and Vincent H. Cohen, Jr. will become the firm's first Global Managing Partners. The incoming leadership team will succeed Andy J. Levander, the firm's Chair since 2011, and Henry N. Nassau, the firm's CEO since 2016, when their leadership terms end on June 30, 2023.
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Nautilus, Inc. Completes Refinancing of Existing Term Loan, Enhancing its Liquidity Position and Increasing the Total Credit Facility to $130 Million
December 1, 2022Nautilus, Inc. (NYSE: NLS) (the “Company”) today announced the amendment of its existing credit facility by refinancing the previous term loan with a new $30 million term loan (“New Term Loan”), thereby increasing the Company’s total credit facility to $130 million. The credit facility previously consisted of a $100 million asset-based revolver and a $15 million term loan provided by Wells Fargo Bank, NA.
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Alvarez & Marsal Launches Mass Torts Practice, Naming Timothy Raab Managing Director and Practice Leader
December 1, 2022Leading global professional services firm Alvarez & Marsal (A&M) has launched a new Mass Torts offering, within its Disputes and Investigations practice, dedicated to helping litigants, companies, special masters, and parties in bankruptcy cases forecast and assess the economic impact of mass torts. Timothy Raab, based in Washington-DC, has been appointed Managing Director to head the new Mass Torts practice in North America for helping clients resolve cases ranging from product liability to toxic pollution and natural disasters.
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Sterling Announces New $700 Million Credit Facility and $100 Million Share Repurchase Program
December 1, 2022Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) today announced a $700 million refinancing of the Company’s credit facility and the authorization of a $100 million share repurchase program. KeyBanc Capital Markets Inc. led the refinancing transaction with Wells Fargo Securities, LLC, Citizens Bank N.A., and J.P. Morgan Chase Bank N.A. acting as Joint Lead Arrangers.
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Audax Private Debt Provides Financing to Support Odyssey Investment Partners’ Investment in Magna Legal Services
December 1, 2022Audax Private Debt (“Audax”) announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support Odyssey Investment Partners’ (“Odyssey”) acquisition of Magna Legal Services (“Magna” or the “Company”). Headquartered in Philadelphia, Magna provides litigation support services to over 13,000 law firms, corporations, insurance carriers, and government agencies.
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Aspen Aerogels, Inc. Announces $100 Million Secured Loan Agreement with General Motors
November 30, 2022Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that its wholly-owned subsidiary, Aspen Aerogels Georgia LLC, together with the Company and Aspen Aerogels Rhode Island, LLC have entered into a definitive loan agreement with General Motors Holdings LLC ("GM"), an affiliate of General Motors (NYSE: GM), for a secured lending commitment of $100 million in connection with Aspen's construction and equipping of its second aerogel manufacturing facility in Statesboro, Georgia.
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Viemed Announces New Senior Secured Credit Facilities
November 30, 2022Viemed Healthcare, Inc. (the “Company” or “Viemed”) (NASDAQ:VMD and TSX:VMD.TO), a national leader in respiratory care and technology-enabled home medical equipment services, announced that it has entered into new syndicated credit facilities, consisting of a five-year senior secured revolving credit facility of up to $30 million and a five-year delayed draw term loan facility of up to $30 million, which may be borrowed in multiple drawdowns.
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Eyenovia Announces $15 Million Credit Facility with Avenue Venture Debt Fund
November 30, 2022Eyenovia, Inc. (NASDAQ: EYEN), a pre-commercial ophthalmic technology company developing the Optejet® delivery system for use both in combination with its own drug-device therapeutic programs for mydriasis, presbyopia and pediatric progressive myopia as well as out-licensing for additional indications, today announced that the company has entered into a $15 million credit facility with the Avenue Venture Opportunities Fund, L.P. (“Avenue Venture Debt Fund” or “Avenue”).
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Brightwood Capital Advisors Leads Senior Secured Credit Facility to Support Beringer Capital’s Investment in VeraData
November 30, 2022Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, today announced that it acted as sole lead arranger and administrative agent for a senior secured credit facility in support of Beringer Capital’s investment in VeraData (“the Company”), a decision science company that leverages next generation analytics and omni-channel data to optimize direct marketing campaign results.
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Viva Capital Funding Closes $85.0 Million in Bank Credit Facilities
November 30, 2022Viva Capital Funding, LLC (“Viva”), a leading invoice factoring specialty finance company, today announced the closing of $85.0 million in two bank credit facilities; consisting of $45.0 million for factoring and $40.0 million for land banking. This transaction follows a successful $18.5 million investment-grade rated corporate note financing completed by the Company in June 2022.
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HYPERAMS Announces Upcoming Auction of Gerke Excavating, Inc. Assets
November 30, 2022HYPERAMS, LLC announced the December 15, 2022 live virtual online auction of surplus assets owned by Gerke Excavating, a leading provider of excavation, site grading, gravel crushing, and trucking services in western Wisconsin. The assets are located in Onalaska, Wisconsin and will be available for auction preview and inspection prior to the auction date on December 13 and 14 by appointment only. Event details can be viewed at https://www.hyperams.com/yellow-iron-auction-december-2022.
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TD Bank Invests $5 Million in Citizens Trust Bank, a Minority-owned Financial Institution Serving the Atlanta Region for Over 100 Years
November 30, 2022The Commercial Bank of TD Bank, America’s Most Convenient Bank®, announced today that it has made a $5 million equity investment in Citizens Trust Bank in Atlanta, Ga., to help expand opportunities for minority-owned businesses as it eyes further expansion into the region.
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TAB Bank Provides Commercial Truck Parts Distributor in Texas with a $5 Million Asset-Based Credit Facility
November 30, 2022TAB Bank is pleased to announce it has provided a commercial truck parts distributor in Texas with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Sallyport Tailors $2.5 Million Finance for Food and Beverage Manufacturer
November 30, 2022Sallyport is thrilled to announce a tailored finance package of $2,500,000 for a family-owned manufacturer of powdered coffees, cappuccino mixes and other specialty drinks. The funding comprises accounts receivable and inventory finance and a cash flow loan which will enable the client to cover their operational expenses as they expand the business both at home and abroad.
-
Runway Growth Finance Corp. Commences Offering of Notes
November 30, 2022Oppenheimer & Co. Inc., UBS Securities LLC, B. Riley Securities, Inc. and Ladenburg Thalmann & Co. Inc. are acting as joint book-running managers of this offering. Compass Point Research & Trading, LLC, Janney Montgomery Scott LLC and Hovde Group, LLC are acting as co-managers of this offering.
-
PRA Group Announces Refinancing of European Revolving Credit Facility
November 29, 2022PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that on November 23, 2022, it completed the refinancing of its $750 million European revolving credit facility.
-
Blue Bird Corporation Announces Amendment and Extension of Credit Facility
November 29, 2022Blue Bird Corporation (NASDAQ: BLBD), the leader in electric and cleaner-emission school buses, announced that it entered into a sixth amendment to its credit facility, dated as of December 12, 2016, extending the maturity date through December 31, 2024.
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The Interface Financial Group Has Provided $37,000,000 of Digital Supply Chain Finance to Group of Suppliers in Multiple Countries
November 29, 2022The Interface Financial Group (“IFG”) announced the funding of a $37,000,000 digital supply chain finance for a group of suppliers in multiple countries. The digital early payments program provided by IFG helps suppliers to address the pressure of the current economic environment.
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Greenbacker Closes new $150 Million Senior Secured Sustainability Revolving Credit Facility
November 29, 2022Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading climate-focused investment manager and independent power producer, today announced that it completed the closing of a new $150.0 million senior secured sustainability revolving credit facility. The closing of the credit facility reaffirms Greenbacker’s position among renewable energy companies as a well-capitalized owner and operator with access to capital through market cycles.
-
Norton Rose Fulbright Adds to Highly Regarded Energy Practice With Transactions Partner in Houston
November 29, 2022Global law firm Norton Rose Fulbright today announced that energy transactions lawyer McCaleb “Mac” Marshall has joined its highly regarded energy, infrastructure and resources practice as a partner in Houston. Joining from Porter Hedges, Marshall represents energy clients in connection with onshore, offshore, upstream and midstream projects located in the US and around the world. He has particular experience in acquisitions and divestitures, joint ventures, exploration and development projects, gas storage agreements, oil and gas transportation and marketing agreements as well as service and drilling contracts.
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