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Intelsat Achieves Support of Nearly 75% of Funded Debt on Comprehensive Financial Restructuring
August 25, 2021Intelsat S.A. (OTC: INTEQ), operator of the world’s largest and most advanced integrated satellite and terrestrial network, today announced that it has achieved the support of key creditor groups across the capital structure on the terms of a comprehensive financial restructuring that would reduce the Company’s debt by more than half – from nearly $15 billion to $7 billion – and position the Company for long-term success.
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Hilco Global Gives Away $1.2 Million Dollars of Athletic Apparel to The Salvation Army and the Alexandria Redevelopment Housing Authority for Families in Need
August 25, 2021International financial services firm Hilco Global, the world's preeminent authority on asset valuation, monetization, advisory, and capital solutions, today announced that they have donated over $1,200,000 worth of new athletic apparel to The Salvation Army in Chicago, New Jersey, Boston, Philadelphia, and the Alexandria Redevelopment Housing Authority in Alexandria, Virginia.
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Pathlight Capital Agents $50MM Senior Secured Term Facility for My Alarm Center, LLC
August 24, 2021Choate represented Pathlight Capital as agent in its $50MM senior secured term loan facility (“the Term Loan”) to My Alarm Center, LLC, and certain of its affiliates.
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Cadence Business Finance Agents $73.5 Million Revolving Credit Facility for NuBridge Commercial Lending
August 24, 2021NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent.
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Franklin Capital is pleased to announce the completion of a $250,000 factoring and PO finance facility for a Canadian-based apparel company.
August 24, 2021A Canadian-based apparel company focusing on sportswear and outerwear experiencing growth needed financing assistance.
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CIT Serves as Sole Lead Arranger on $26 Million Financing for West Palm Beach Industrial Portfolio
August 24, 2021CIT Group Inc. today announced that its Real Estate Finance business served as sole lead arranger on a $26 million loan for the acquisition of a three-building portfolio of industrial buildings in West Palm Beach, Florida.
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Citizens Leads $325 Million Senior Secured Credit Facilities for W.B. Mason
August 24, 2021Citizens announced today that it served as Sole Lead Arranger for Brockton, Mass.-based W.B. Mason’s new $325 million senior secured credit facilities.
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Evolve Announces Completion of Amended Credit Agreement Supporting Business Strategy Shift
August 24, 2021Evolve Transition Infrastructure LP (“Evolve”) (NYSE American: SNMP) today announced it has executed the previously announced amendment to its credit agreement with the Royal Bank of Canada (“RBC”).
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Century Park Capital Partners Announces Sale of Covercraft
August 24, 2021Century Park Capital Partners (“Century Park”) is pleased to announce that it has completed the sale of Covercraft Industries (“Covercraft”) to Audax Private Equity.
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Stonebriar Issues $227 Million of Fixed-Rate Reset Cumulative Preferred Shares
August 24, 2021Stonebriar Commercial Finance (“Stonebriar” or “the Company”), a leading large-ticket independent commercial finance company, announced today that it has issued and sold $227,000,000 of Series A 7.50% Fixed-Rate Reset Cumulative Preferred Shares (“Preferred Shares”) in a private offering.
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Aleafia Health Announces Closing of $10 Million Credit Facility
August 24, 2021Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”), a leader in cannabis wellness products and services, is pleased to announce the closing of a $10 million senior secured term (non-revolving) credit facility (the “Credit Facility”).
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Rite Aid Announces Successful Amendment and Extension to Credit Agreement
August 24, 2021New facilities have a scheduled maturity in August 2026 compared to prior scheduled maturity of December 2023
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Fast Pay Partners, A Wholly Owned Subsidiary of SLR Business Credit, Provides $30MM Working Capital Facility to Premier Digital Publisher
August 24, 2021The Company was experiencing rapid growth and wanted to secure a non-dilutive credit facility to refinance their incumbent lender for more flexibility and availability, help finance working capital, and to reinvest in recently acquired properties.
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Oak Valley Community Bank Announces Commercial Loan Officer Hiring
August 24, 2021Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Mona Dmitrenko joined the bank as Vice President, Commercial Loan Officer. She is currently based out of the Sacramento Capitol Mall Branch.
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Courtade Joins CohnReznick as Managing Director
August 24, 2021This strategic hire will expand CohnReznick’s geographic footprint in the Southeast
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7 MHH Attorneys Named Best Lawyers In America© & Best Lawyers In America© Ones To Watch For 2022
August 24, 2021The law firm of Moritt Hock & Hamroff LLP is pleased to announce that the following attorneys have been selected for inclusion in the 2022 Editions of Best Lawyers® and Best Lawyers®: Ones To Watch.
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Haivision Secures a $35 Million Revolving Line of Credit From Bank of Montreal
August 23, 2021Haivision Systems Inc. ("Haivision") (TSX: HAI), a leading global provider of mission-critical, real-time video streaming and networking solutions, today announced that the company has entered into a three-year credit agreement providing for a new revolving line credit facility in the maximum principal amount of $35 million with Bank of Montreal.
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Henry Schein Announces New $1 Billion Credit Facility
August 23, 2021Henry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care products and services to office-based dental and medical practitioners, today announced that it has amended its revolving credit facility, including an increase in the maximum borrowing amount from $750 million to $1 billion, and an extension of the facility through August 2026.
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GovCon Funding Corporation Completes Financing for $18MM Credit Facility
August 23, 2021GovCon Funding Corporation announced that it has completed financing on an $18MM credit facility for a global defense contractor.
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Truist Bank Announces the new Enterprise Operations and Global Services CoE; Team To Be Led by Raj Bharadwaj
August 23, 2021Truist Bank is combining its Banking Operations and Corporate & Institutional Group (CIG) Operations and launching a global services capability to create a new center of excellence (CoE) – Enterprise Operations and Global Services – under the Digital, Client Experience, Analytics and Marketing (DCAM) organization that is led by Dontá Wilson, chief digital and client experience officer.
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Intelsat Achieves Support of Nearly 75% of Funded Debt on Comprehensive Financial Restructuring
August 25, 2021Intelsat S.A. (OTC: INTEQ), operator of the world’s largest and most advanced integrated satellite and terrestrial network, today announced that it has achieved the support of key creditor groups across the capital structure on the terms of a comprehensive financial restructuring that would reduce the Company’s debt by more than half – from nearly $15 billion to $7 billion – and position the Company for long-term success.
-
Hilco Global Gives Away $1.2 Million Dollars of Athletic Apparel to The Salvation Army and the Alexandria Redevelopment Housing Authority for Families in Need
August 25, 2021International financial services firm Hilco Global, the world's preeminent authority on asset valuation, monetization, advisory, and capital solutions, today announced that they have donated over $1,200,000 worth of new athletic apparel to The Salvation Army in Chicago, New Jersey, Boston, Philadelphia, and the Alexandria Redevelopment Housing Authority in Alexandria, Virginia.
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Pathlight Capital Agents $50MM Senior Secured Term Facility for My Alarm Center, LLC
August 24, 2021Choate represented Pathlight Capital as agent in its $50MM senior secured term loan facility (“the Term Loan”) to My Alarm Center, LLC, and certain of its affiliates.
-
Cadence Business Finance Agents $73.5 Million Revolving Credit Facility for NuBridge Commercial Lending
August 24, 2021NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent.
-
Franklin Capital is pleased to announce the completion of a $250,000 factoring and PO finance facility for a Canadian-based apparel company.
August 24, 2021A Canadian-based apparel company focusing on sportswear and outerwear experiencing growth needed financing assistance.
-
CIT Serves as Sole Lead Arranger on $26 Million Financing for West Palm Beach Industrial Portfolio
August 24, 2021CIT Group Inc. today announced that its Real Estate Finance business served as sole lead arranger on a $26 million loan for the acquisition of a three-building portfolio of industrial buildings in West Palm Beach, Florida.
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Citizens Leads $325 Million Senior Secured Credit Facilities for W.B. Mason
August 24, 2021Citizens announced today that it served as Sole Lead Arranger for Brockton, Mass.-based W.B. Mason’s new $325 million senior secured credit facilities.
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Evolve Announces Completion of Amended Credit Agreement Supporting Business Strategy Shift
August 24, 2021Evolve Transition Infrastructure LP (“Evolve”) (NYSE American: SNMP) today announced it has executed the previously announced amendment to its credit agreement with the Royal Bank of Canada (“RBC”).
-
Century Park Capital Partners Announces Sale of Covercraft
August 24, 2021Century Park Capital Partners (“Century Park”) is pleased to announce that it has completed the sale of Covercraft Industries (“Covercraft”) to Audax Private Equity.
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Stonebriar Issues $227 Million of Fixed-Rate Reset Cumulative Preferred Shares
August 24, 2021Stonebriar Commercial Finance (“Stonebriar” or “the Company”), a leading large-ticket independent commercial finance company, announced today that it has issued and sold $227,000,000 of Series A 7.50% Fixed-Rate Reset Cumulative Preferred Shares (“Preferred Shares”) in a private offering.
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Aleafia Health Announces Closing of $10 Million Credit Facility
August 24, 2021Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”), a leader in cannabis wellness products and services, is pleased to announce the closing of a $10 million senior secured term (non-revolving) credit facility (the “Credit Facility”).
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Rite Aid Announces Successful Amendment and Extension to Credit Agreement
August 24, 2021New facilities have a scheduled maturity in August 2026 compared to prior scheduled maturity of December 2023
-
Fast Pay Partners, A Wholly Owned Subsidiary of SLR Business Credit, Provides $30MM Working Capital Facility to Premier Digital Publisher
August 24, 2021The Company was experiencing rapid growth and wanted to secure a non-dilutive credit facility to refinance their incumbent lender for more flexibility and availability, help finance working capital, and to reinvest in recently acquired properties.
-
Oak Valley Community Bank Announces Commercial Loan Officer Hiring
August 24, 2021Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Mona Dmitrenko joined the bank as Vice President, Commercial Loan Officer. She is currently based out of the Sacramento Capitol Mall Branch.
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Courtade Joins CohnReznick as Managing Director
August 24, 2021This strategic hire will expand CohnReznick’s geographic footprint in the Southeast
-
7 MHH Attorneys Named Best Lawyers In America© & Best Lawyers In America© Ones To Watch For 2022
August 24, 2021The law firm of Moritt Hock & Hamroff LLP is pleased to announce that the following attorneys have been selected for inclusion in the 2022 Editions of Best Lawyers® and Best Lawyers®: Ones To Watch.
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Haivision Secures a $35 Million Revolving Line of Credit From Bank of Montreal
August 23, 2021Haivision Systems Inc. ("Haivision") (TSX: HAI), a leading global provider of mission-critical, real-time video streaming and networking solutions, today announced that the company has entered into a three-year credit agreement providing for a new revolving line credit facility in the maximum principal amount of $35 million with Bank of Montreal.
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Henry Schein Announces New $1 Billion Credit Facility
August 23, 2021Henry Schein, Inc. (Nasdaq: HSIC), the world's largest provider of health care products and services to office-based dental and medical practitioners, today announced that it has amended its revolving credit facility, including an increase in the maximum borrowing amount from $750 million to $1 billion, and an extension of the facility through August 2026.
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GovCon Funding Corporation Completes Financing for $18MM Credit Facility
August 23, 2021GovCon Funding Corporation announced that it has completed financing on an $18MM credit facility for a global defense contractor.
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Truist Bank Announces the new Enterprise Operations and Global Services CoE; Team To Be Led by Raj Bharadwaj
August 23, 2021Truist Bank is combining its Banking Operations and Corporate & Institutional Group (CIG) Operations and launching a global services capability to create a new center of excellence (CoE) – Enterprise Operations and Global Services – under the Digital, Client Experience, Analytics and Marketing (DCAM) organization that is led by Dontá Wilson, chief digital and client experience officer.
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