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EzFill Announces New Revolving Credit Facility
December 20, 2021EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in on-demand mobile fueling, announced today that it has entered into a revolving credit line agreement with City National Bank of Florida (the “Bank”). Under the revolving credit facility, the Company may borrow up to approximately $16 million, a number that will vary over time. Funds can be used for general corporate purposes.
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Interfor Expands and Extends Its Revolving Credit Facility
December 20, 2021INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has closed an early renewal and expansion of its revolving credit facility with a syndicate of major Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo.
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NOW Inc. Amends Senior Secured Revolving Credit Facility
December 20, 2021NOW Inc. (NYSE:DNOW) announced today that it has entered into an amendment (the “First Amendment”) to the existing senior secured credit facility with a syndicate of lenders, with Wells Fargo Bank, National Association serving as the administrative agent (as amended, the “Credit Agreement”).
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Marathon Asset Management Closes $155 Million Credit Facility for Brown Jordan
December 20, 2021Marathon Asset Management (“Marathon”) today announced the closing of a $155 million credit facility for Brown Jordan Inc. (“Brown Jordan” or the “Company”), a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S.
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Russel Metals Extends its $450 Million Credit Facility
December 20, 2021Russel Metals Inc. (TSX: RUS) announces that it has extended its $450 million credit facility with a syndicate of banks led by RBC Capital Markets. The credit facility has been extended from September 21, 2023 to September 21, 2025. In addition to the extension, the amended credit agreement includes a more favourable interest rate grid.
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Veeco Announces New $150 Million Senior Secured Credit Facility
December 20, 2021HSBC Bank USA, N.A. is acting as administrative agent and collateral agent. HSBC Bank, N.A. along with, Barclays Bank PLC, Santander Bank, N.A., and Citibank, N.A. served as joint lead arranger and joint bookrunner on the Facility with Silicon Valley Bank as an additional lender. Morrison & Foerster LLP acted as counsel to Veeco.
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Nordic Aviation Capital Reaches Restructuring Support Agreement with Majority of Lenders to Strengthen Capital Structure and Position the Company for Long-term Growth and Success
December 20, 2021Restructuring will be implemented through a pre-arranged Chapter 11 process in U.S. Bankruptcy Court. Provides for the injection of $537 million of capital through a $337 million equity rights offering and a $200 million new revolving facility. Company has obtained an additional $170 million debtor in possession financing facility from existing creditors to help fund the Chapter 11 process.
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JCPenney Announces Paydown of Take-Back Term Loan and Refinancing of ABL and FILO Facilities
December 20, 2021JCPenney announced today that it paid off its $506 million take-back term loan on Dec. 1, 2021. The Company used its strong existing liquidity position to reduce its debt and save interest as the business continues its transformation.
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Bank of America Names Rita Sola Cook President of Chicago
December 20, 2021Bank of America has named Rita Sola Cook as President of Bank of America Chicago. Cook succeeds Paul Lambert, who announced his retirement after 30 years with the company. As Chicago president, Cook will be responsible for connecting the banking and investment resources offered through the bank's eight lines of business to people and companies across Chicagoland.
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Winston & Strawn Represents Founder SPAC
December 16, 2021Winston & Strawn is representing Founder SPAC (“Founder”) (Nasdaq: FOUN), a publicly-traded special purpose acquisition company, in connection with its merger with Rubicon Technologies, LLC (“Rubicon”), a certified B-Corporation and innovative software platform that provides smart waste and recycling solutions for businesses and governments worldwide.
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SLR Healthcare ABL Announces Financing
December 16, 2021SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to an integrated pain management provider in December 2021.
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Boston Attorney Lewis J. Cohn of Cohn & Dussi Named to Boston Magazine’s First-Ever Top Lawyers List
December 16, 2021Cohn & Dussi, a full-service law firm with its principal office in Boston, is pleased to announce that Managing Partner Lewis J. Cohn has been named a Top Lawyer by Boston magazine. Boston magazine’s inaugural Top Lawyers List recognizes lawyers throughout Greater Boston for excellence in the field as chosen by their peers. Cohn was chosen as a Top Lawyer in the field of bankruptcy law.
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CIT Arranges $34 Million in Financing for Senior Housing Community in Arizona
December 16, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community located in Chandler, Arizona. The financing was provided to Spectrum Retirement Communities LLC, a leading developer, owner and operator of senior housing communities headquartered in Denver, Colorado.
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BHI Appoints Brian Foley as First Vice President, Food & Beverage Group
December 16, 2021BHI, a full-service commercial bank, announced that it has appointed Brian Foley as First Vice President in the bank’s Food & Beverage Group. Foley is a veteran banker with 20 years of commercial banking experience across diversified sectors.
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Main Street Announces Follow-On Investment
December 16, 2021Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street, along with its co-investor, made the follow-on investment in Hawk Ridge Systems, LLC ("Hawk Ridge" or the "Company") to support the Company's acquisition of a complimentary leading value-added reseller of SolidWorks software solutions and Markforged 3D printing solutions in a new geographic area that is highly complementary to Hawk Ridge's existing geographies ("Acquired Company"), and to provide financing for the Company's continued internal growth initiatives.
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Citizens Financial Group Expands M&A Advisory Team with DH Capital Acquisition
December 16, 2021Citizens Financial Group, Inc. (NYSE: CFG) today announced a definitive agreement to purchase substantially all of the assets of DH Capital LLC, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and communications sectors. This transaction, which follows several recent moves by Citizens to add key talent and solutions, further strengthens Citizens’ growing corporate advisory capabilities.
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Ares Management Corporation Raises $2.2 Billion of Climate Infrastructure Capital
December 16, 2021Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (“ACIP” or the “Fund”) with approximately $1.4 billion in total raised, and $800 million in related transaction vehicles.
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LiquidX Joins RiskStream Collaborative™ Blockchain Working Group to Streamline Surety Bonds Power of Attorney Verification
December 16, 2021LiquidX, the global fintech solutions provider for working capital, trade finance, and trade credit insurance, has joined The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium, and will participate in a working group serving the surety industry. The aim of the working group is to streamline and digitize the power of attorney registration and verification process using blockchain technology.
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Great Rock Capital Closes $27.9MM Senior Secured Term Facility with GT Technologies
December 15, 2021Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $27.9 million senior secured term loan facility with GT Technologies (“GTT”), a manufacturer of custom-engineered valvetrain components and assemblies for the global automotive, heavy-duty truck, and off-road vehicle industries.
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Resolute Completes Amendment and Extension of Its ABL Credit Facility
December 15, 2021Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to borrowing base availability based on specified advance rates, eligibility criteria and customary reserves. The facility also includes an Environmental, Social and Governance ("ESG") module with targets to be agreed upon with the bank syndicate, which upon activation will impact ABL pricing.
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EzFill Announces New Revolving Credit Facility
December 20, 2021EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in on-demand mobile fueling, announced today that it has entered into a revolving credit line agreement with City National Bank of Florida (the “Bank”). Under the revolving credit facility, the Company may borrow up to approximately $16 million, a number that will vary over time. Funds can be used for general corporate purposes.
-
Interfor Expands and Extends Its Revolving Credit Facility
December 20, 2021INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has closed an early renewal and expansion of its revolving credit facility with a syndicate of major Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo.
-
NOW Inc. Amends Senior Secured Revolving Credit Facility
December 20, 2021NOW Inc. (NYSE:DNOW) announced today that it has entered into an amendment (the “First Amendment”) to the existing senior secured credit facility with a syndicate of lenders, with Wells Fargo Bank, National Association serving as the administrative agent (as amended, the “Credit Agreement”).
-
Marathon Asset Management Closes $155 Million Credit Facility for Brown Jordan
December 20, 2021Marathon Asset Management (“Marathon”) today announced the closing of a $155 million credit facility for Brown Jordan Inc. (“Brown Jordan” or the “Company”), a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S.
-
Russel Metals Extends its $450 Million Credit Facility
December 20, 2021Russel Metals Inc. (TSX: RUS) announces that it has extended its $450 million credit facility with a syndicate of banks led by RBC Capital Markets. The credit facility has been extended from September 21, 2023 to September 21, 2025. In addition to the extension, the amended credit agreement includes a more favourable interest rate grid.
-
Veeco Announces New $150 Million Senior Secured Credit Facility
December 20, 2021HSBC Bank USA, N.A. is acting as administrative agent and collateral agent. HSBC Bank, N.A. along with, Barclays Bank PLC, Santander Bank, N.A., and Citibank, N.A. served as joint lead arranger and joint bookrunner on the Facility with Silicon Valley Bank as an additional lender. Morrison & Foerster LLP acted as counsel to Veeco.
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Nordic Aviation Capital Reaches Restructuring Support Agreement with Majority of Lenders to Strengthen Capital Structure and Position the Company for Long-term Growth and Success
December 20, 2021Restructuring will be implemented through a pre-arranged Chapter 11 process in U.S. Bankruptcy Court. Provides for the injection of $537 million of capital through a $337 million equity rights offering and a $200 million new revolving facility. Company has obtained an additional $170 million debtor in possession financing facility from existing creditors to help fund the Chapter 11 process.
-
JCPenney Announces Paydown of Take-Back Term Loan and Refinancing of ABL and FILO Facilities
December 20, 2021JCPenney announced today that it paid off its $506 million take-back term loan on Dec. 1, 2021. The Company used its strong existing liquidity position to reduce its debt and save interest as the business continues its transformation.
-
Bank of America Names Rita Sola Cook President of Chicago
December 20, 2021Bank of America has named Rita Sola Cook as President of Bank of America Chicago. Cook succeeds Paul Lambert, who announced his retirement after 30 years with the company. As Chicago president, Cook will be responsible for connecting the banking and investment resources offered through the bank's eight lines of business to people and companies across Chicagoland.
-
Winston & Strawn Represents Founder SPAC
December 16, 2021Winston & Strawn is representing Founder SPAC (“Founder”) (Nasdaq: FOUN), a publicly-traded special purpose acquisition company, in connection with its merger with Rubicon Technologies, LLC (“Rubicon”), a certified B-Corporation and innovative software platform that provides smart waste and recycling solutions for businesses and governments worldwide.
-
SLR Healthcare ABL Announces Financing
December 16, 2021SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to an integrated pain management provider in December 2021.
-
Boston Attorney Lewis J. Cohn of Cohn & Dussi Named to Boston Magazine’s First-Ever Top Lawyers List
December 16, 2021Cohn & Dussi, a full-service law firm with its principal office in Boston, is pleased to announce that Managing Partner Lewis J. Cohn has been named a Top Lawyer by Boston magazine. Boston magazine’s inaugural Top Lawyers List recognizes lawyers throughout Greater Boston for excellence in the field as chosen by their peers. Cohn was chosen as a Top Lawyer in the field of bankruptcy law.
-
CIT Arranges $34 Million in Financing for Senior Housing Community in Arizona
December 16, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community located in Chandler, Arizona. The financing was provided to Spectrum Retirement Communities LLC, a leading developer, owner and operator of senior housing communities headquartered in Denver, Colorado.
-
BHI Appoints Brian Foley as First Vice President, Food & Beverage Group
December 16, 2021BHI, a full-service commercial bank, announced that it has appointed Brian Foley as First Vice President in the bank’s Food & Beverage Group. Foley is a veteran banker with 20 years of commercial banking experience across diversified sectors.
-
Main Street Announces Follow-On Investment
December 16, 2021Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street, along with its co-investor, made the follow-on investment in Hawk Ridge Systems, LLC ("Hawk Ridge" or the "Company") to support the Company's acquisition of a complimentary leading value-added reseller of SolidWorks software solutions and Markforged 3D printing solutions in a new geographic area that is highly complementary to Hawk Ridge's existing geographies ("Acquired Company"), and to provide financing for the Company's continued internal growth initiatives.
-
Citizens Financial Group Expands M&A Advisory Team with DH Capital Acquisition
December 16, 2021Citizens Financial Group, Inc. (NYSE: CFG) today announced a definitive agreement to purchase substantially all of the assets of DH Capital LLC, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and communications sectors. This transaction, which follows several recent moves by Citizens to add key talent and solutions, further strengthens Citizens’ growing corporate advisory capabilities.
-
Ares Management Corporation Raises $2.2 Billion of Climate Infrastructure Capital
December 16, 2021Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (“ACIP” or the “Fund”) with approximately $1.4 billion in total raised, and $800 million in related transaction vehicles.
-
LiquidX Joins RiskStream Collaborative™ Blockchain Working Group to Streamline Surety Bonds Power of Attorney Verification
December 16, 2021LiquidX, the global fintech solutions provider for working capital, trade finance, and trade credit insurance, has joined The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium, and will participate in a working group serving the surety industry. The aim of the working group is to streamline and digitize the power of attorney registration and verification process using blockchain technology.
-
Great Rock Capital Closes $27.9MM Senior Secured Term Facility with GT Technologies
December 15, 2021Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $27.9 million senior secured term loan facility with GT Technologies (“GTT”), a manufacturer of custom-engineered valvetrain components and assemblies for the global automotive, heavy-duty truck, and off-road vehicle industries.
-
Resolute Completes Amendment and Extension of Its ABL Credit Facility
December 15, 2021Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to borrowing base availability based on specified advance rates, eligibility criteria and customary reserves. The facility also includes an Environmental, Social and Governance ("ESG") module with targets to be agreed upon with the bank syndicate, which upon activation will impact ABL pricing.
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