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Antares Supports Sentinel Capital Partners’ Acquisition of ECM Industries
February 18, 2020Antares announced that it served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support Sentinel Capital Partners’ acquisition of ECM Industries. Headquartered in New Berlin, WI, ECM Industries is a global manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply and gas utility markets.
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Golub Capital Agents $1.6 Billion One-Loan Debt Facility to Support a Strategic Investment by Harvest Partners in MRI Software, a Portfolio Company of TA Associates and GI Partners
February 18, 2020Golub Capital acted as the Administrative Agent, Left Lead Arranger and Joint Bookrunner on a $1.6 billion GOLD facility to finance a substantial strategic investment in MRI Software by funds managed by Harvest Partners, LP and refinance existing indebtedness. GOLD facilities are Golub Capital One-Loan Debt facilities.
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FDIC Approval Moves Varo to Final Stage of Bank Charter Journey
February 18, 2020Landmark approval signifies pivotal moment for banking industry, formalizing mobile-first brand's massive role in providing consumers greater choice and leading digital experiences
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The Boy Scouts of America Files for Chapter 11 Bankruptcy
February 18, 2020The Boy Scouts of America (BSA) today announced that the national organization has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue carrying out its mission for years to come. The BSA intends to use the Chapter 11 process to create a Victims Compensation Trust that would provide equitable compensation to victims.
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North Mill Capital Funds Seating Concepts, LLC
February 18, 2020North Mill Capital is pleased to announce the funding of a $3,000,000 revolving line of credit and a $500,000 equipment term loan facility to Seating Concepts, LLC. The proceeds were used to pay off the existing lender and provide additional working capital.
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Allegiant Announces Closing Of Repricing And Upsize Of Term Loan B Facility
February 18, 2020Allegiant Travel Company (today announced the closing of the amended agreement of its existing term loan with Barclays Bank PLC as administrative agent. Barclays Bank PLC, Goldman Sachs Lending Partners LLC and Credit Agricole Corporate and Investment Bank served as lead arrangers, bookrunners and syndication agents for the transaction. The amendment effects a repricing and upsizing of the Term Loa
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Omnicom Extends Agreement of $2.5 Billion Revolving Credit Facility
February 18, 2020Omnicom Group Inc. (NYSE: OMC) announced today the amendment and extension of its multiyear revolving credit facility to February 2025. Amounts available for borrowings under the facility are unchanged at $2.5 billion. The agreement includes two one-year extensions of the facility on any anniversary date with bank approvals.
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Stonybrook Capital Advises on Cypress Group Holdings' $45M Senior Secured Credit Facility
February 18, 2020Stonybrook Capital is pleased to announce the completion of a capital raise for a $45,000,000 senior secured credit facility for Cypress Group Holdings, Inc. (“Cypress”). Stonybrook Capital served as the exclusive financial advisor to Cypress on this transaction.
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Greenfields Petroleum Corporation Announces Extension of Forbearance Agreement and Agreement to Defer Payment of its Senior Secured Debt
February 18, 2020Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces that Vitol Energy (Bermuda) Ltd. (“Vitol”), the Company’s senior debt lender, has agreed to further amend the forbearance agreement executed on November 28, 2019 and previously amended on January 3, 2020 (the "Forbearance Agreement"), by extending the forbearance period and deferred payments due under the senior secured loan agreement with the Company (the "Vitol Loan") until March 16, 2020.
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Webster Promotes Jason Soto to Executive Vice President, Chief Credit Officer
February 13, 2020Webster Bank is pleased to announce that Jason Soto, Chief Credit Officer, has been promoted to executive vice president, responsible for credit risk activities across the organization. He reports to directly to Daniel Bley, executive vice president and Chief Risk Officer.
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Kohl's Cuts 250 Jobs While Arguing That it is Operating From 'a Position of Financial Strength'
February 13, 2020Kohl's is eliminating 250 roles, including an entire "layer" of regional-store leadership, according to a report from the Milwaukee Journal Sentinel.
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New Podcast About Successful Business Leaders from HPS Investment
February 13, 2020Leading global investment firm, HPS Investment Partners, has launched a new podcast series, The HPScast. The new series focuses on the careers of successful business leaders including: co-founder of Alvarez and Marsal, Brian Marsal, former Soulcycle CEO Melanie Whelan, and cable and media legend, Leo Hindery.
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Investors Bank Appoints Andy Phelps To New Position in the Healthcare Lending Group
February 13, 2020Investors Bank’s Healthcare Lending Group has appointed James Andrew “Andy” Phelps to the position of Senior Vice President. Mr. Phelps, who will report to the Healthcare Lending’s Founder and Senior Vice President James Vincenti, will be a member of the team that is introducing a new line of innovative banking products and services for healthcare providers. Mr. Phelps will be responsible for developing, managing and growing a portfolio of loans serving the national healthcare sector.
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Encina Business Credit, LLC Announces the Closing of a $50 Million New Money DIP Facility for The McClatchy Company
February 13, 2020Encina Business Credit, LLC (“EBC”) announces the completion of a $50.0 million revolving credit facility for The McClatchy Company (“McClatchy”). The facility was used to refinance McClatchy’s pre-petition, asset-based revolver and support their working capital needs during bankruptcy. The facility is also structured to automatically convert to an exit financing upon meeting certain criteria.
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Sallyport Commercial Finance Structures a Credit Facility for a Plant Nursery in North America
February 12, 2020Sallyport Commercial Finance supplies a $1,300,000 accounts receivable facility to a wholesale distributor of plants and flowers. The company needed additional working capital to fulfill large orders. They were referred to Sallyport by a broker who has worked with us in the past and felt confident that we could provide a structured solution to support their growth.
-
Stage Stores Reportedly Eyeing Bankruptcy
February 12, 2020The retailer is preparing for a financial restructuring that could include a bankruptcy filing, reported The Wall Street Journal. According to the report, Stage Stores has been late in paying its vendors amid a cash crunch. Stages Stores has brought on the investment bank and financial services firm Peter J Solomon and law firm Kirkland & Ellis as it looks to refinance its bank debt, according to the report.
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Allied Motion Secures New $225 Million Credit Facility
February 12, 2020Refinancing expands borrowing capacity nearly 30%, reduces cost of debt and enhances flexibility to drive growth strategy
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Winter Harbor Announces New Senior Director and Senior Managers
February 12, 2020Winter Harbor LLC, a national restructuring and turnaround firm, announced Kurt Hedderich has been promoted to senior director and Matt Czerkowicz and Matt Dalton have both been promoted to senior manager.
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SG Credit Provides $2.0 Million to Enterprise SaaS Company
February 12, 2020SG Credit provided the Company with a bifurcated loan structure consisting of a $1MM interest-only loan to refinance the existing debt and a $1MM term loan to finance the Company’s growth initiatives.
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KKR Closes $1.3 Billion Global Impact Fund
February 12, 2020KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund SCSp (“KKR Global Impact” or the “Fund”), a $1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge.
-
Antares Supports Sentinel Capital Partners’ Acquisition of ECM Industries
February 18, 2020Antares announced that it served as lead left arranger and is acting as administrative agent for a senior secured credit facility to support Sentinel Capital Partners’ acquisition of ECM Industries. Headquartered in New Berlin, WI, ECM Industries is a global manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply and gas utility markets.
-
Golub Capital Agents $1.6 Billion One-Loan Debt Facility to Support a Strategic Investment by Harvest Partners in MRI Software, a Portfolio Company of TA Associates and GI Partners
February 18, 2020Golub Capital acted as the Administrative Agent, Left Lead Arranger and Joint Bookrunner on a $1.6 billion GOLD facility to finance a substantial strategic investment in MRI Software by funds managed by Harvest Partners, LP and refinance existing indebtedness. GOLD facilities are Golub Capital One-Loan Debt facilities.
-
FDIC Approval Moves Varo to Final Stage of Bank Charter Journey
February 18, 2020Landmark approval signifies pivotal moment for banking industry, formalizing mobile-first brand's massive role in providing consumers greater choice and leading digital experiences
-
The Boy Scouts of America Files for Chapter 11 Bankruptcy
February 18, 2020The Boy Scouts of America (BSA) today announced that the national organization has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue carrying out its mission for years to come. The BSA intends to use the Chapter 11 process to create a Victims Compensation Trust that would provide equitable compensation to victims.
-
North Mill Capital Funds Seating Concepts, LLC
February 18, 2020North Mill Capital is pleased to announce the funding of a $3,000,000 revolving line of credit and a $500,000 equipment term loan facility to Seating Concepts, LLC. The proceeds were used to pay off the existing lender and provide additional working capital.
-
Allegiant Announces Closing Of Repricing And Upsize Of Term Loan B Facility
February 18, 2020Allegiant Travel Company (today announced the closing of the amended agreement of its existing term loan with Barclays Bank PLC as administrative agent. Barclays Bank PLC, Goldman Sachs Lending Partners LLC and Credit Agricole Corporate and Investment Bank served as lead arrangers, bookrunners and syndication agents for the transaction. The amendment effects a repricing and upsizing of the Term Loa
-
Omnicom Extends Agreement of $2.5 Billion Revolving Credit Facility
February 18, 2020Omnicom Group Inc. (NYSE: OMC) announced today the amendment and extension of its multiyear revolving credit facility to February 2025. Amounts available for borrowings under the facility are unchanged at $2.5 billion. The agreement includes two one-year extensions of the facility on any anniversary date with bank approvals.
-
Stonybrook Capital Advises on Cypress Group Holdings' $45M Senior Secured Credit Facility
February 18, 2020Stonybrook Capital is pleased to announce the completion of a capital raise for a $45,000,000 senior secured credit facility for Cypress Group Holdings, Inc. (“Cypress”). Stonybrook Capital served as the exclusive financial advisor to Cypress on this transaction.
-
Greenfields Petroleum Corporation Announces Extension of Forbearance Agreement and Agreement to Defer Payment of its Senior Secured Debt
February 18, 2020Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces that Vitol Energy (Bermuda) Ltd. (“Vitol”), the Company’s senior debt lender, has agreed to further amend the forbearance agreement executed on November 28, 2019 and previously amended on January 3, 2020 (the "Forbearance Agreement"), by extending the forbearance period and deferred payments due under the senior secured loan agreement with the Company (the "Vitol Loan") until March 16, 2020.
-
Webster Promotes Jason Soto to Executive Vice President, Chief Credit Officer
February 13, 2020Webster Bank is pleased to announce that Jason Soto, Chief Credit Officer, has been promoted to executive vice president, responsible for credit risk activities across the organization. He reports to directly to Daniel Bley, executive vice president and Chief Risk Officer.
-
Kohl's Cuts 250 Jobs While Arguing That it is Operating From 'a Position of Financial Strength'
February 13, 2020Kohl's is eliminating 250 roles, including an entire "layer" of regional-store leadership, according to a report from the Milwaukee Journal Sentinel.
-
New Podcast About Successful Business Leaders from HPS Investment
February 13, 2020Leading global investment firm, HPS Investment Partners, has launched a new podcast series, The HPScast. The new series focuses on the careers of successful business leaders including: co-founder of Alvarez and Marsal, Brian Marsal, former Soulcycle CEO Melanie Whelan, and cable and media legend, Leo Hindery.
-
Investors Bank Appoints Andy Phelps To New Position in the Healthcare Lending Group
February 13, 2020Investors Bank’s Healthcare Lending Group has appointed James Andrew “Andy” Phelps to the position of Senior Vice President. Mr. Phelps, who will report to the Healthcare Lending’s Founder and Senior Vice President James Vincenti, will be a member of the team that is introducing a new line of innovative banking products and services for healthcare providers. Mr. Phelps will be responsible for developing, managing and growing a portfolio of loans serving the national healthcare sector.
-
Encina Business Credit, LLC Announces the Closing of a $50 Million New Money DIP Facility for The McClatchy Company
February 13, 2020Encina Business Credit, LLC (“EBC”) announces the completion of a $50.0 million revolving credit facility for The McClatchy Company (“McClatchy”). The facility was used to refinance McClatchy’s pre-petition, asset-based revolver and support their working capital needs during bankruptcy. The facility is also structured to automatically convert to an exit financing upon meeting certain criteria.
-
Sallyport Commercial Finance Structures a Credit Facility for a Plant Nursery in North America
February 12, 2020Sallyport Commercial Finance supplies a $1,300,000 accounts receivable facility to a wholesale distributor of plants and flowers. The company needed additional working capital to fulfill large orders. They were referred to Sallyport by a broker who has worked with us in the past and felt confident that we could provide a structured solution to support their growth.
-
Stage Stores Reportedly Eyeing Bankruptcy
February 12, 2020The retailer is preparing for a financial restructuring that could include a bankruptcy filing, reported The Wall Street Journal. According to the report, Stage Stores has been late in paying its vendors amid a cash crunch. Stages Stores has brought on the investment bank and financial services firm Peter J Solomon and law firm Kirkland & Ellis as it looks to refinance its bank debt, according to the report.
-
Allied Motion Secures New $225 Million Credit Facility
February 12, 2020Refinancing expands borrowing capacity nearly 30%, reduces cost of debt and enhances flexibility to drive growth strategy
-
Winter Harbor Announces New Senior Director and Senior Managers
February 12, 2020Winter Harbor LLC, a national restructuring and turnaround firm, announced Kurt Hedderich has been promoted to senior director and Matt Czerkowicz and Matt Dalton have both been promoted to senior manager.
-
SG Credit Provides $2.0 Million to Enterprise SaaS Company
February 12, 2020SG Credit provided the Company with a bifurcated loan structure consisting of a $1MM interest-only loan to refinance the existing debt and a $1MM term loan to finance the Company’s growth initiatives.
-
KKR Closes $1.3 Billion Global Impact Fund
February 12, 2020KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund SCSp (“KKR Global Impact” or the “Fund”), a $1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge.
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