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Ecopetrol Gets MHCP Authorization For Up To $4 Bln Credit Loan
August 16, 2021Ecopetrol S.A. (EC) said the Ministry of Finance and Public Credit authorized the company to enter into an external credit loan with international banks for up to $4 billion whose exclusive purpose will be to finance the acquisition of Interconexión Eléctrica S.A. ESP. The lenders under the credit facility are Banco Santander, S.A., Citibank, N.A., JPMorgan Chase Bank, N.A. and The Bank of Nova Scotia.
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Huntington Business Credit Provides Credit Facility for TeleTracking Technologies, Inc.
August 16, 2021Huntington Business Credit announced it closed a new $60,000,000 credit facility with TeleTracking Technologies, Inc. on June 28, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.
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Hyatt to buy Apple Leisure Group from KKR, KSL Capital for $2.7 billion
August 16, 2021U.S. hotel operator Hyatt Hotels Corp said on Sunday it entered a deal to buy resort company Apple Leisure Group from its private-equity owner KKR & Co and travel-and-leisure specialist KSL Capital Partners for $2.7 billion in cash. Hyatt said it expects to fund more than 80% of the purchase with a combination of $1 billion of cash on hand and new debt financings, and the remainder with about $500 million from equity financing. It added that Hyatt has secured a $1.7 billion financing commitment from JP Morgan.
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LivaNova Announces Early Retirement of $450 Million Term Loan and Executes $125 Million Revolving Credit Facility
August 16, 2021LivaNova PLC (NASDAQ:LIVN), a market-leading medical technology and innovation company, today announced the early retirement of its $450 million five-year senior secured term loan (the Term Loan). In addition, LivaNova today announced the execution of a $125 million secured revolving credit facility (the Credit Facility) with Goldman Sachs Bank USA as agent, and Goldman Sachs Bank USA, Barclays Bank PLC and UBS AG, Stamford Branch as lenders.
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Funding Circle Extends Partnership with Congressional Bank to Get More Capital to US Small Businesses
August 16, 2021Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, have today announced an extension of their existing lending partnership to provide more capital to small businesses across the US. The second phase of the partnership will significantly expand Congressional’s purchase of loans through the Funding Circle platform. By utilizing Funding Circle’s technology and powerful risk models Congressional benefits from a highly efficient and cost-effective way to deploy significant capital to Main Street businesses looking for funding.
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SGT Capital Purchases Utimaco, the Global Leader in Cybersecurity Solutions
August 16, 2021SGT Capital is pleased to announce that the EQT Mid Market Europe fund ("EQT Private Equity") has agreed to sell Utimaco Verwaltungs GmbH ("Utimaco" or the "Company") to SGT Capital, a global alternative asset manager with offices in Germany and Singapore.
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Fundamental Advisors Completes Acquisition of MMA Capital Holdings
August 16, 2021An affiliate of Fundamental Advisors LP (together, "Fundamental"), a leading alternative asset manager focused on municipal, public purpose and community assets, today announced that it is has completed its previously announced acquisition of MMA Capital Holdings (the "Company"), an infrastructure finance company focused on providing debt financing for renewable energy projects, in an all-cash transaction valued at approximately $162 million.
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White Oak Delivers $45 Million Acquisition Term Loan Financing
August 16, 2021White Oak Global Advisors, LLC (“White Oak”), announced it provided a $45 million term loan to a global metals and commodity trading conglomerate, supporting its acquisition of the largest domestic vertically integrated producer of Alumina.
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Eclipse Business Capital Provides $100 Million Revolving Credit Facility to a Global Distributor
August 16, 2021Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced today that it has provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distribution company.
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Chase Corporation Announces Amended and Restated Credit Agreement
August 16, 2021Chase Corporation (NYSE American: CCF), a global specialty chemicals company that is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors, has entered into a new amended and restated credit agreement with Bank of America, N.A., as administrative agent, and with participation from Wells Fargo Bank, N.A., PNC Bank, N.A. and JPMorgan Chase Bank, N.A.
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CBIZ Board Appoints Richard T. Marabito as Independent Director
August 16, 2021CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, today announced the appointment of Richard T. Marabito as independent director to the Company's Board of Directors, effective August 12, 2021.
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Waha Capital Secures New $500 Million Revolving Credit Facility
August 16, 2021Waha Capital, an investment management company in Abu Dhabi, has announced the completion of the refinancing of its revolving credit facility with the support of four local and regional banks. The 3-year US$500 million revolving credit facility replaces and upsizes the current facility of US$400 million.
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Idea Financial Announces the Promotion of Sean Hritz to Vice President of Credit and Risk; Expansion of Small Business Loans up to 36 Months in Length
August 16, 2021Idea Financial, a leading provider of small business lending solutions, has announced the promotion of Sean Hritz to Vice President of Credit and Risk. In addition, Idea Financial will now offer lines of credit and term loans up to 36 months. Sean Hritz joined the company in 2018 as Director of Underwriting and, prior to that, held multiple senior underwriting roles in the lending industry.
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National Bank CEO Louis Vachon to Retire, Laurent Ferreira Named Successor
August 16, 2021National Bank of Canada chief executive Louis Vachon will retire at the end of October after nearly 15 years in the job, the bank said Wednesday. Chief operating officer Laurent Ferreira will replace him in the top post starting Nov. 1, the Montreal-based bank said.
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Apollo Hires Vikram Mahidhar as Operating Partner and Head of Data & Digital Transformation
August 16, 2021Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced that Vikram Mahidhar has joined the Firm as an Operating Partner to lead Private Equity’s Data & Digital Transformation efforts within Apollo’s Portfolio Performance Solutions (“APPS”) platform.
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Aria Systems Secures $90 Million in Growth Capital from Goldman Sachs Asset Management
August 16, 2021Aria Systems, the leader in helping enterprises grow subscription and usage-based revenue, today announced that the company has secured a $90 million investment from Goldman Sachs Asset Management Private Credit (Goldman Sachs). The capital will be used to accelerate global business expansion and deepen Aria’s penetration in strategic target markets, including the telecommunications, technology, financial services, and media and publishing industries.
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Haversine Expands Team and Further Bolsters Experience with Another Senior Hire
August 13, 2021Haversine Funding, a leading provider of alternative financing solutions, today announced the hiring of Cheryl Mayo to serve as director, portfolio manager for factoring and ABL client lenders. The company’s recent hires further support Haversine’s commitment to cultivating and deploying alternative financing solutions within the specialty finance space.
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Bankrupt Limetree Bay Refinery Gets $10 Million Debtor-in-Possession Funds to Unwind
August 12, 2021Limetree Bay refinery can get another $10 million in debtor-in-possession (DIP) financing this month, a Houston bankruptcy court judge said on Wednesday, cash that will go toward unwinding operations. The St. Croix, U.S. Virgin Islands, refinery filed for bankruptcy in July after investors poured $4.1 billion into an unsuccessful revival of the aging facility. An initial restart had to be abandoned after its stacks spewed oil on homes and contaminated drinking water.
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Fasken Ranks Among Top Legal Advisors for Canadian M&A, Capital Markets in First Half of 2021
August 12, 2021The Canadian law firm Fasken topped benchmark league tables for Mergers and Acquisitions (M&A) and capital markets in H1 of this year, reflecting the firm’s continued success in achieving clients’ objectives. Bloomberg, Refinitiv, MergerMarket, and the Financial Post all ranked Fasken among the leading advisors in several key M&A categories in H1:
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CIT Provides $28.2 Million in Financing for California Apartment Complex Development
August 12, 2021CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $28.2 million in financing for construction of the Via Del Lago apartments in the Moreno Valley region of Greater Los Angeles.
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Ecopetrol Gets MHCP Authorization For Up To $4 Bln Credit Loan
August 16, 2021Ecopetrol S.A. (EC) said the Ministry of Finance and Public Credit authorized the company to enter into an external credit loan with international banks for up to $4 billion whose exclusive purpose will be to finance the acquisition of Interconexión Eléctrica S.A. ESP. The lenders under the credit facility are Banco Santander, S.A., Citibank, N.A., JPMorgan Chase Bank, N.A. and The Bank of Nova Scotia.
-
Huntington Business Credit Provides Credit Facility for TeleTracking Technologies, Inc.
August 16, 2021Huntington Business Credit announced it closed a new $60,000,000 credit facility with TeleTracking Technologies, Inc. on June 28, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.
-
Hyatt to buy Apple Leisure Group from KKR, KSL Capital for $2.7 billion
August 16, 2021U.S. hotel operator Hyatt Hotels Corp said on Sunday it entered a deal to buy resort company Apple Leisure Group from its private-equity owner KKR & Co and travel-and-leisure specialist KSL Capital Partners for $2.7 billion in cash. Hyatt said it expects to fund more than 80% of the purchase with a combination of $1 billion of cash on hand and new debt financings, and the remainder with about $500 million from equity financing. It added that Hyatt has secured a $1.7 billion financing commitment from JP Morgan.
-
LivaNova Announces Early Retirement of $450 Million Term Loan and Executes $125 Million Revolving Credit Facility
August 16, 2021LivaNova PLC (NASDAQ:LIVN), a market-leading medical technology and innovation company, today announced the early retirement of its $450 million five-year senior secured term loan (the Term Loan). In addition, LivaNova today announced the execution of a $125 million secured revolving credit facility (the Credit Facility) with Goldman Sachs Bank USA as agent, and Goldman Sachs Bank USA, Barclays Bank PLC and UBS AG, Stamford Branch as lenders.
-
Funding Circle Extends Partnership with Congressional Bank to Get More Capital to US Small Businesses
August 16, 2021Funding Circle, the small business loans platform and Congressional Bank, a bank headquartered in Maryland, have today announced an extension of their existing lending partnership to provide more capital to small businesses across the US. The second phase of the partnership will significantly expand Congressional’s purchase of loans through the Funding Circle platform. By utilizing Funding Circle’s technology and powerful risk models Congressional benefits from a highly efficient and cost-effective way to deploy significant capital to Main Street businesses looking for funding.
-
SGT Capital Purchases Utimaco, the Global Leader in Cybersecurity Solutions
August 16, 2021SGT Capital is pleased to announce that the EQT Mid Market Europe fund ("EQT Private Equity") has agreed to sell Utimaco Verwaltungs GmbH ("Utimaco" or the "Company") to SGT Capital, a global alternative asset manager with offices in Germany and Singapore.
-
Fundamental Advisors Completes Acquisition of MMA Capital Holdings
August 16, 2021An affiliate of Fundamental Advisors LP (together, "Fundamental"), a leading alternative asset manager focused on municipal, public purpose and community assets, today announced that it is has completed its previously announced acquisition of MMA Capital Holdings (the "Company"), an infrastructure finance company focused on providing debt financing for renewable energy projects, in an all-cash transaction valued at approximately $162 million.
-
White Oak Delivers $45 Million Acquisition Term Loan Financing
August 16, 2021White Oak Global Advisors, LLC (“White Oak”), announced it provided a $45 million term loan to a global metals and commodity trading conglomerate, supporting its acquisition of the largest domestic vertically integrated producer of Alumina.
-
Eclipse Business Capital Provides $100 Million Revolving Credit Facility to a Global Distributor
August 16, 2021Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced today that it has provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distribution company.
-
Chase Corporation Announces Amended and Restated Credit Agreement
August 16, 2021Chase Corporation (NYSE American: CCF), a global specialty chemicals company that is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors, has entered into a new amended and restated credit agreement with Bank of America, N.A., as administrative agent, and with participation from Wells Fargo Bank, N.A., PNC Bank, N.A. and JPMorgan Chase Bank, N.A.
-
CBIZ Board Appoints Richard T. Marabito as Independent Director
August 16, 2021CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, today announced the appointment of Richard T. Marabito as independent director to the Company's Board of Directors, effective August 12, 2021.
-
Waha Capital Secures New $500 Million Revolving Credit Facility
August 16, 2021Waha Capital, an investment management company in Abu Dhabi, has announced the completion of the refinancing of its revolving credit facility with the support of four local and regional banks. The 3-year US$500 million revolving credit facility replaces and upsizes the current facility of US$400 million.
-
Idea Financial Announces the Promotion of Sean Hritz to Vice President of Credit and Risk; Expansion of Small Business Loans up to 36 Months in Length
August 16, 2021Idea Financial, a leading provider of small business lending solutions, has announced the promotion of Sean Hritz to Vice President of Credit and Risk. In addition, Idea Financial will now offer lines of credit and term loans up to 36 months. Sean Hritz joined the company in 2018 as Director of Underwriting and, prior to that, held multiple senior underwriting roles in the lending industry.
-
National Bank CEO Louis Vachon to Retire, Laurent Ferreira Named Successor
August 16, 2021National Bank of Canada chief executive Louis Vachon will retire at the end of October after nearly 15 years in the job, the bank said Wednesday. Chief operating officer Laurent Ferreira will replace him in the top post starting Nov. 1, the Montreal-based bank said.
-
Apollo Hires Vikram Mahidhar as Operating Partner and Head of Data & Digital Transformation
August 16, 2021Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced that Vikram Mahidhar has joined the Firm as an Operating Partner to lead Private Equity’s Data & Digital Transformation efforts within Apollo’s Portfolio Performance Solutions (“APPS”) platform.
-
Aria Systems Secures $90 Million in Growth Capital from Goldman Sachs Asset Management
August 16, 2021Aria Systems, the leader in helping enterprises grow subscription and usage-based revenue, today announced that the company has secured a $90 million investment from Goldman Sachs Asset Management Private Credit (Goldman Sachs). The capital will be used to accelerate global business expansion and deepen Aria’s penetration in strategic target markets, including the telecommunications, technology, financial services, and media and publishing industries.
-
Haversine Expands Team and Further Bolsters Experience with Another Senior Hire
August 13, 2021Haversine Funding, a leading provider of alternative financing solutions, today announced the hiring of Cheryl Mayo to serve as director, portfolio manager for factoring and ABL client lenders. The company’s recent hires further support Haversine’s commitment to cultivating and deploying alternative financing solutions within the specialty finance space.
-
Bankrupt Limetree Bay Refinery Gets $10 Million Debtor-in-Possession Funds to Unwind
August 12, 2021Limetree Bay refinery can get another $10 million in debtor-in-possession (DIP) financing this month, a Houston bankruptcy court judge said on Wednesday, cash that will go toward unwinding operations. The St. Croix, U.S. Virgin Islands, refinery filed for bankruptcy in July after investors poured $4.1 billion into an unsuccessful revival of the aging facility. An initial restart had to be abandoned after its stacks spewed oil on homes and contaminated drinking water.
-
Fasken Ranks Among Top Legal Advisors for Canadian M&A, Capital Markets in First Half of 2021
August 12, 2021The Canadian law firm Fasken topped benchmark league tables for Mergers and Acquisitions (M&A) and capital markets in H1 of this year, reflecting the firm’s continued success in achieving clients’ objectives. Bloomberg, Refinitiv, MergerMarket, and the Financial Post all ranked Fasken among the leading advisors in several key M&A categories in H1:
-
CIT Provides $28.2 Million in Financing for California Apartment Complex Development
August 12, 2021CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $28.2 million in financing for construction of the Via Del Lago apartments in the Moreno Valley region of Greater Los Angeles.
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