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SmartStop Self Storage REIT, Inc. Announces $200 Million Increase to its Credit Facility
October 11, 2021SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it exercised $200 million of its accordion (the “Accordion”) under its existing multi-currency credit facility (the “Credit Facility”) with a syndicate of banks led by KeyBank National Association, Wells Fargo, N.A., Citibank, N.A. and Bank of Montreal.
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TAB Bank Provides Clean Air Products Manufacturer in Florida with a $3.25 Million Asset-Based Credit Facility
October 11, 2021TAB Bank is pleased to announce it has provided a clean air products manufacturer in Florida with a $3.25 million asset-based credit facility. In addition to the revolving credit line, TAB also provided the company with $1.7 million in an equipment term loan. 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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MAP Health Management Powers Growth with $14 Million Credit Facility From Espresso Capital
October 11, 2021Espresso Capital announced today that it has provided MAP Health Management, LLC with a $14 million credit facility. MAP will use the funds to scale its business and help fuel its M&A strategy. MAP's integrated platform is designed to improve outcomes for patients being treated for addictions and other behavioral health illnesses and delivers a broad range of telehealth services including virtual peer support, psychiatric care and therapeutic care for patients and their family members.
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Healthcare Trust of America, Inc. Announces $1.3 Billion Revolving Credit and Term Loan Agreement
October 7, 2021J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, U.S. Bank National Association, BofA Securities, Inc., Capital One, National Association, and PNC Capital Markets LLC served as Joint Lead Arrangers with JP Morgan Chase Bank, N.A. serving as the Administrative Agent. Wells Fargo Bank, National Association, U.S. Bank National Association, Capital One, National Association, PNC Bank, National Association, and Bank of America, N.A. served as syndication agents.
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Alston & Bird Advises Synovus Bank in SPB Hospitality’s Acquisition of J Alexander’s Holdings
October 7, 2021Alston & Bird advised Synovus Bank, as administrative agent and a lender, in SPB Hospitality’s acquisition of J Alexander’s Holdings, the parent company of J Alexander’s Restaurant and other brands. Upon closing, each share of J. Alexander’s common stock was converted into the right to receive $14.00 in cash per share, which equates to an equity value of approximately $220 million.
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Republic Provides a $1.5m Traditional Factoring Facility for a Los Angeles-based Apparel Importer
October 7, 2021When a Los Angeles apparel manufacturing and import company sought funding for their Fall and Winter orders, they chose Republic Business Credit to fuel their growth. Republic approved a scalable traditional factoring facility to support their expected growth in anticipation of the orders they have received for the additional reopening of retail stores.
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Funds Managed By Ares Management To Acquire Majority Stake In Apex Clean Energy
October 7, 2021Apex Clean Energy (“Apex”) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that funds and other accounts managed by Ares’ Infrastructure and Power strategy have entered into an agreement to acquire a majority stake in Apex. The transaction will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer (IPP).
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Alvarez & Marsal's Global Transaction Advisory Group Launches Proprietary Technology for Deal Idea Generation
October 7, 2021Leading global professional services firm Alvarez & Marsal’s (A&M) Global Transaction Advisory Group (TAG) has launched A&M Data Intelligence Gateway (A&M DIG), a new proprietary technology that significantly increases the speed of deal identification. Led by A&M DIG Executive Directors Tara Bilby, and Mishelle Weinerman, along with Chief Technology Officer Joey Baruch, the technology provides private equity firms with data, for better private market intelligence, from which to make informed deal identification decisions.
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GovTech SaaS Company Thentia Announces $15M Credit Facility With Espresso Capital Marking Second Major Capital Event in 2021
October 7, 2021Thentia, a global leader in GovTech software as a service (SaaS), announced today that it has secured a $15 million credit facility to support key investments and acquisitions as the company accelerates its rapid expansion into new markets. This latest financing marks Thentia's third financing from Espresso Capital, a leading provider of venture debt solutions, and its second major capital event this year.
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BMO Helps Sandstorm Gold Royalties achieve ESG goals with Sustainability-Linked Loan
October 7, 2021BMO Financial Group (TSX: BMO) (NYSE: BMO), acting as sole Sustainability Structuring Agent, has announced a financing deal with royalty company Sandstorm Gold Ltd. ("Sandstorm" or "Sandstorm Gold Royalties"). Adopting a Sustainability-Linked Loan structure as part of its 2021 revolving credit facility renewal enables Sandstorm to link its ESG strategy and cost of capital, reinforcing and demonstrating its commitment to sustainability.
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Runway Growth Capital LLC Expands Life Sciences Origination Team with Appointment of Silicon Valley Bank Veteran, Igor DaCruz
October 7, 2021Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Igor DaCruz as Managing Director to continue to expand the company's Life Sciences Origination team.
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Amerisource Honored in M&A 15th Annual Turnaround Awards
October 7, 2021Amerisource Business Capital was honored in the M&A Advisor’s 15th Annual Turnaround Awards. Amerisource received its award at the Turnaround Awards Gala, which took place at the 2021 Distressed Investing Summit on September 29, 2021 in midtown Manhattan.
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Monroe Capital Hires Sweta Chanda to Head Business Strategy
October 7, 2021Monroe Capital LLC today announced Sweta Chanda has joined the firm as Managing Director, Head of Business Strategy based in the firm’s New York office. She will be responsible for firmwide strategy, product and corporate development, and new initiatives to expand Monroe’s global footprint.
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Gateway Trade Funding Provides a $1,000,000 Purchase Order Facility to a Company Supplying Warehouse Equipment
October 7, 2021A Global Supply Chain Management Company supplying Dollar Stores with warehouse equipment had exceeded its internal funding capability. They needed to seek new outside funding so they would not lose new business opportunities. An industry colleague and current Gateway Trade Funding client suggested they call Gateway to see if purchase order financing could help. Gateway successfully provided the global supply chain management company with a $1,000,000 PO facility.
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OppFi Expands Bank Credit Facility to Support Growth of SalaryTap
October 6, 2021OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it has expanded its existing $25 million bank credit facility to $45 million.
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Finacity, a White Oak Company, Facilitates Consumer Loan Funding Program for Express Credit Group’s African Lending Operations
October 6, 2021Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully completed the facilitation of a new consumer loan funding program for Express Credit Group’s Botswana specialty finance operations (”Express Credit”).
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Winston & Strawn LLP Represents Etac AB
October 6, 2021Winston & Strawn LLP represented Etac AB, a global supplier of mobility equipment and patient handling solutions used in home care, long term care, and acute care, in connection with its acquisition of Ki Mobility, a North American leader in the complex rehab wheelchair and seating industry.
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Siena Honored with M&A Advisor’s Turnaround Award
October 6, 2021Siena Lending Group LLC ("Siena") is proud to be an honoree in the 15th Annual Turnaround Awards, which recognize achievements in the distressed investing and reorganization industry. The awards, sponsored by The M&A Advisor, were presented at a gala dinner in late September.
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Eloxx Pharmaceuticals Secures Debt Facility of Up to $30 Million from Hercules Capital
October 6, 2021Eloxx Pharmaceuticals, Inc. (Nasdaq: ELOX), today announced that the company has entered into a debt facility of up to $30.0 million with Hercules Capital, Inc. (NYSE: HTGC), a specialty financing lender for life science and technology companies. Eloxx has drawn the initial tranche of $12.5 million and used the proceeds to repay in full amounts outstanding under the Company’s existing debt facility.
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LBC Credit Partners Supports the Acquisition of Profile Custom Extrusions, LLC
October 6, 2021LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support the acquisition of Profile Custom Extrusions, LLC ("Profile"), by KPS Mid-Cap Investments ("KPS Mid-Cap"), an affiliate of KPS Capital Partners, LP ("KPS"). LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.
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SmartStop Self Storage REIT, Inc. Announces $200 Million Increase to its Credit Facility
October 11, 2021SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it exercised $200 million of its accordion (the “Accordion”) under its existing multi-currency credit facility (the “Credit Facility”) with a syndicate of banks led by KeyBank National Association, Wells Fargo, N.A., Citibank, N.A. and Bank of Montreal.
-
TAB Bank Provides Clean Air Products Manufacturer in Florida with a $3.25 Million Asset-Based Credit Facility
October 11, 2021TAB Bank is pleased to announce it has provided a clean air products manufacturer in Florida with a $3.25 million asset-based credit facility. In addition to the revolving credit line, TAB also provided the company with $1.7 million in an equipment term loan. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
-
MAP Health Management Powers Growth with $14 Million Credit Facility From Espresso Capital
October 11, 2021Espresso Capital announced today that it has provided MAP Health Management, LLC with a $14 million credit facility. MAP will use the funds to scale its business and help fuel its M&A strategy. MAP's integrated platform is designed to improve outcomes for patients being treated for addictions and other behavioral health illnesses and delivers a broad range of telehealth services including virtual peer support, psychiatric care and therapeutic care for patients and their family members.
-
Healthcare Trust of America, Inc. Announces $1.3 Billion Revolving Credit and Term Loan Agreement
October 7, 2021J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, U.S. Bank National Association, BofA Securities, Inc., Capital One, National Association, and PNC Capital Markets LLC served as Joint Lead Arrangers with JP Morgan Chase Bank, N.A. serving as the Administrative Agent. Wells Fargo Bank, National Association, U.S. Bank National Association, Capital One, National Association, PNC Bank, National Association, and Bank of America, N.A. served as syndication agents.
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Alston & Bird Advises Synovus Bank in SPB Hospitality’s Acquisition of J Alexander’s Holdings
October 7, 2021Alston & Bird advised Synovus Bank, as administrative agent and a lender, in SPB Hospitality’s acquisition of J Alexander’s Holdings, the parent company of J Alexander’s Restaurant and other brands. Upon closing, each share of J. Alexander’s common stock was converted into the right to receive $14.00 in cash per share, which equates to an equity value of approximately $220 million.
-
Republic Provides a $1.5m Traditional Factoring Facility for a Los Angeles-based Apparel Importer
October 7, 2021When a Los Angeles apparel manufacturing and import company sought funding for their Fall and Winter orders, they chose Republic Business Credit to fuel their growth. Republic approved a scalable traditional factoring facility to support their expected growth in anticipation of the orders they have received for the additional reopening of retail stores.
-
Funds Managed By Ares Management To Acquire Majority Stake In Apex Clean Energy
October 7, 2021Apex Clean Energy (“Apex”) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that funds and other accounts managed by Ares’ Infrastructure and Power strategy have entered into an agreement to acquire a majority stake in Apex. The transaction will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer (IPP).
-
Alvarez & Marsal's Global Transaction Advisory Group Launches Proprietary Technology for Deal Idea Generation
October 7, 2021Leading global professional services firm Alvarez & Marsal’s (A&M) Global Transaction Advisory Group (TAG) has launched A&M Data Intelligence Gateway (A&M DIG), a new proprietary technology that significantly increases the speed of deal identification. Led by A&M DIG Executive Directors Tara Bilby, and Mishelle Weinerman, along with Chief Technology Officer Joey Baruch, the technology provides private equity firms with data, for better private market intelligence, from which to make informed deal identification decisions.
-
GovTech SaaS Company Thentia Announces $15M Credit Facility With Espresso Capital Marking Second Major Capital Event in 2021
October 7, 2021Thentia, a global leader in GovTech software as a service (SaaS), announced today that it has secured a $15 million credit facility to support key investments and acquisitions as the company accelerates its rapid expansion into new markets. This latest financing marks Thentia's third financing from Espresso Capital, a leading provider of venture debt solutions, and its second major capital event this year.
-
BMO Helps Sandstorm Gold Royalties achieve ESG goals with Sustainability-Linked Loan
October 7, 2021BMO Financial Group (TSX: BMO) (NYSE: BMO), acting as sole Sustainability Structuring Agent, has announced a financing deal with royalty company Sandstorm Gold Ltd. ("Sandstorm" or "Sandstorm Gold Royalties"). Adopting a Sustainability-Linked Loan structure as part of its 2021 revolving credit facility renewal enables Sandstorm to link its ESG strategy and cost of capital, reinforcing and demonstrating its commitment to sustainability.
-
Runway Growth Capital LLC Expands Life Sciences Origination Team with Appointment of Silicon Valley Bank Veteran, Igor DaCruz
October 7, 2021Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Igor DaCruz as Managing Director to continue to expand the company's Life Sciences Origination team.
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Amerisource Honored in M&A 15th Annual Turnaround Awards
October 7, 2021Amerisource Business Capital was honored in the M&A Advisor’s 15th Annual Turnaround Awards. Amerisource received its award at the Turnaround Awards Gala, which took place at the 2021 Distressed Investing Summit on September 29, 2021 in midtown Manhattan.
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Monroe Capital Hires Sweta Chanda to Head Business Strategy
October 7, 2021Monroe Capital LLC today announced Sweta Chanda has joined the firm as Managing Director, Head of Business Strategy based in the firm’s New York office. She will be responsible for firmwide strategy, product and corporate development, and new initiatives to expand Monroe’s global footprint.
-
Gateway Trade Funding Provides a $1,000,000 Purchase Order Facility to a Company Supplying Warehouse Equipment
October 7, 2021A Global Supply Chain Management Company supplying Dollar Stores with warehouse equipment had exceeded its internal funding capability. They needed to seek new outside funding so they would not lose new business opportunities. An industry colleague and current Gateway Trade Funding client suggested they call Gateway to see if purchase order financing could help. Gateway successfully provided the global supply chain management company with a $1,000,000 PO facility.
-
OppFi Expands Bank Credit Facility to Support Growth of SalaryTap
October 6, 2021OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it has expanded its existing $25 million bank credit facility to $45 million.
-
Finacity, a White Oak Company, Facilitates Consumer Loan Funding Program for Express Credit Group’s African Lending Operations
October 6, 2021Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully completed the facilitation of a new consumer loan funding program for Express Credit Group’s Botswana specialty finance operations (”Express Credit”).
-
Winston & Strawn LLP Represents Etac AB
October 6, 2021Winston & Strawn LLP represented Etac AB, a global supplier of mobility equipment and patient handling solutions used in home care, long term care, and acute care, in connection with its acquisition of Ki Mobility, a North American leader in the complex rehab wheelchair and seating industry.
-
Siena Honored with M&A Advisor’s Turnaround Award
October 6, 2021Siena Lending Group LLC ("Siena") is proud to be an honoree in the 15th Annual Turnaround Awards, which recognize achievements in the distressed investing and reorganization industry. The awards, sponsored by The M&A Advisor, were presented at a gala dinner in late September.
-
Eloxx Pharmaceuticals Secures Debt Facility of Up to $30 Million from Hercules Capital
October 6, 2021Eloxx Pharmaceuticals, Inc. (Nasdaq: ELOX), today announced that the company has entered into a debt facility of up to $30.0 million with Hercules Capital, Inc. (NYSE: HTGC), a specialty financing lender for life science and technology companies. Eloxx has drawn the initial tranche of $12.5 million and used the proceeds to repay in full amounts outstanding under the Company’s existing debt facility.
-
LBC Credit Partners Supports the Acquisition of Profile Custom Extrusions, LLC
October 6, 2021LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support the acquisition of Profile Custom Extrusions, LLC ("Profile"), by KPS Mid-Cap Investments ("KPS Mid-Cap"), an affiliate of KPS Capital Partners, LP ("KPS"). LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.
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