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Mercuria Successfully Closes Oversubscribed Revolving Credit Facility Of US$ 1,200,000,000 In Financing For Its Asian Business
November 26, 2019The Facilities were arranged by Australia and New Zealand Banking Group Limited, Bank of China, Singapore Branch, Coöperatieve Rabobank U.A. Singapore Branch, DBS Bank Ltd., Emirates NBD Capital Limited, Industrial and Commercial Bank of China Limited, London Branch, ING Bank N.V. Singapore Branch, Mizuho Bank, Ltd., MUFG Bank, Ltd., Oversea-Chinese Banking Corporation Limited, Société Générale, Singapore Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch, acting as Bookrunning Mandated Lead Arrangers ("BMLAs").
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Kutcho Copper Amends Convertible Loan Agreement and Receives Credit Facility from Wheaton Precious Metals
November 26, 2019Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) announces that Wheaton Precious Metals Corp. (“Wheaton”) has agreed to amend the terms (the “Amendment”) of its $20 million convertible debenture investment (the “Original Debenture”) in Kutcho Copper that closed on December 14, 2017.
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Monroe Capital Wins Small Middle Markets Lender of the Year Award for 2019 by Global M&A Network
November 26, 2019Monroe Capital LLC has been recognized by Global M&A Network as the Small Middle Markets Lender of the Year for the seventh consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City on October 25th.
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North Mill Capital LLC Promotes Stephanie Koveleski From Account Executive to Assistant Vice President
November 26, 2019Ms. Koveleski holds a Bachelor’s degree from Temple University and worked at another commercial finance company before joining North Mill Capital in 2018.
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Crestmark Provides More Than $40.1 Million in Commercial Financing to 92 Businesses in the First Half of November
November 25, 2019Crestmark secured a total of $13,100,000 in ABL financial solutions for seven new clients; Crestmark Equipment Finance provided $16,833,431 in eight new lease transactions; Crestmark Vendor Finance provided $7,397,038 in 78 new lease transactions; the Joint Ventures Division provided $1,432,735 in financing for one client; and the Government Guaranteed Lending Division provided $1,345,000 in financing for one new client in the first half of November.
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Frazier & Deeter Expands Transaction Advisory Services Group; Brian Dermott, Chase Gund and Joseph Barron Join Charlotte Team
November 25, 2019Brian Dermott has joined the firm as a Principal, Chase Gund as a Manager and Joseph Barron as a Senior Associate. Brian, Chase and Joseph, all licensed CPAs, will expand the Transaction Advisory Group based in Charlotte, which focuses on serving private equity groups, corporate strategic buyers, mezzanine lenders and other investors.
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OceanaGold Amends Revolving Credit Facility
November 25, 2019OceanaGold Corporation (TSX: OGC / ASX: OGC) (the "Company") is pleased to announce it has amended its existing $200 million Revolving Credit Facility ("Facility") with its banking partners: Scotiabank, Citi, HSBC, Commonwealth Bank of Australia, Natixis and BNP Paribas.
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Jones Day Adds Partner Thomas M. Devaney to Private Equity Practice in New York
November 25, 2019Mr. Devaney works with sponsors and the management teams of private funds with respect to transactional matters and U.S. securities laws and regulations in forming private funds, fundraising and investor subscriptions, and fund administration and operations. He represents U.S. domestic and global private equity, private credit, real estate, infrastructure and venture capital funds, and hedge funds with a broad range of investment strategies.
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LVMH Reaches Agreement with Tiffany & Co.
November 25, 2019LVMH Moët Hennessy Louis Vuitton SE (“LVMH”), the world’s leading luxury group and Tiffany & Co. (NYSE: TIF) (“Tiffany”), the global luxury jeweler, today announced that the companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion.
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AlixPartners Bolsters its Healthcare and Life Sciences Offering With Addition of Fran Scholz
November 25, 2019AlixPartners, the global consulting firm, announced today that life sciences expert Frank Scholz has joined as a managing director and one of the key leaders in the firm’s global Healthcare and Life Sciences practice, focusing on helping lead efforts in the pharmaceutical sector. He will be based in AlixPartners’ Chicago office.
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Southwest Iowa Renewable Energy, LLC Announces Credit Expansion and Repurchase of Membership Units
November 25, 2019Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") is announcing the recent expansion of its credit facility and a repurchase of membership units.
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Jamie Henderson to Join Capital One as Head of Commercial Real Estate
November 25, 2019Capital One announced today that Jamie Henderson will join as Executive Vice President and Head of Commercial Real Estate starting in January 2020. Henderson will report directly to Michael Slocum, President of Commercial Banking and Northeast Market President.
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Gibraltar Provides $8 Million Credit Facility to Helps Sports Equipment Company Pursue Growth Strategy
November 25, 2019Recently, a turnaround consultant brought Gibraltar together with their client, an industry-leading retailer/e-tailer of new and preowned golf equipment, shoes, apparel and accessories. The company had been in business selling sports equipment to consumers through its multiple ecommerce sites.
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Enviva Partners, LP Announces Pricing of Upsized $550 Million Offering of Senior Notes
November 25, 2019Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced today the pricing of its previously announced private placement to eligible purchasers of $550.0 million in aggregate principal amount of 6.5% senior unsecured notes due 2026 at par (the “Notes”). The principal amount of the offering was increased from the previously announced offering size of $450.0 million. The offering is expected to close on December 9, 2019, subject to customary closing conditions.
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Lucky Brand Dungarees, LLC Announces Successful Refinancing
November 25, 2019Lucky Brand Dungarees, LLC ("Lucky Brand" or the "Company"), a portfolio company of Leonard Green & Partners, L.P. and a leading designer, distributor and retailer of premium denim and apparel goods in North America, announced today the completion of a new refinancing transaction.
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Univar Solutions Announces Closing of $500 Million Senior Notes and $400 Million Term Loan
November 25, 2019The new Term B-5 Loan Facility will exist in conjunction with the Company's existing Term B-3 loan facility and Term B-4 loan facility (collectively with the Term B-5 Loan Facility, the "Senior Term Facilities"). The Senior Term Facilities are senior secured obligations of Univar Solutions USA and Univar Netherlands and are guaranteed by the Company and certain of its subsidiaries.
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TIP Announces the Increase of Its RCF Facility and New Raise Term Debt
November 25, 2019On 21 November 2019, TIP, a portfolio company of I Squared Capital, announced that it had successfully: increased its existing Revolving Credit Facility (RCF) from €967 million to €1,150.5 million with no change in pricing or structure.raised €274.5 million in the private placement term debt markets for the first time. The term loan tenor is seven years.
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FSW Funding Hires Director of Underwriting
November 25, 2019FSW Funding, a Phoenix-based company specializing in financing solutions for small to mid-size businesses, recently hired Patrick Cooper as Director of Underwriting. FSW continues to grow both its factoring and asset-based lending portfolios which dictates the need to increase the underwriting staff.
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Austin Financial Services Provides a $5.5MM Revolver and Term Loan Credit Facility to a Tier 1 OEM Supplier of Plastic and Metal Components
November 25, 2019Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5.5MM AR and Inventory revolver and M&E Term Loan to a tier 1 OEM supplier of plastic and metal components located in the Southeastern U.S. The Company had outgrown its line of credit and was to looking to maximize the value of its assets and improve its liquidity position.
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North Avenue Capital Ranks 4th in the Nation Among USDA B&I Lenders in 2019
November 25, 2019North Avenue Capital (NAC), a specialized commercial lender headquartered in Northeast Florida, has its eyes set on closing 2019 with over $140 Million in USDA Rural Loans to businesses across America. The USDA Rural Development Program works to create and save jobs in areas outside of metro areas, and NAC is committed to exclusively offering USDA Business & Industry (B&I) Loans nationwide with a focus on building businesses, growing economies, and creating jobs.
-
Mercuria Successfully Closes Oversubscribed Revolving Credit Facility Of US$ 1,200,000,000 In Financing For Its Asian Business
November 26, 2019The Facilities were arranged by Australia and New Zealand Banking Group Limited, Bank of China, Singapore Branch, Coöperatieve Rabobank U.A. Singapore Branch, DBS Bank Ltd., Emirates NBD Capital Limited, Industrial and Commercial Bank of China Limited, London Branch, ING Bank N.V. Singapore Branch, Mizuho Bank, Ltd., MUFG Bank, Ltd., Oversea-Chinese Banking Corporation Limited, Société Générale, Singapore Branch, and Sumitomo Mitsui Banking Corporation Singapore Branch, acting as Bookrunning Mandated Lead Arrangers ("BMLAs").
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Kutcho Copper Amends Convertible Loan Agreement and Receives Credit Facility from Wheaton Precious Metals
November 26, 2019Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) announces that Wheaton Precious Metals Corp. (“Wheaton”) has agreed to amend the terms (the “Amendment”) of its $20 million convertible debenture investment (the “Original Debenture”) in Kutcho Copper that closed on December 14, 2017.
-
Monroe Capital Wins Small Middle Markets Lender of the Year Award for 2019 by Global M&A Network
November 26, 2019Monroe Capital LLC has been recognized by Global M&A Network as the Small Middle Markets Lender of the Year for the seventh consecutive year. Award winners were honored at the Americas M&A Atlas Awards Gala Ceremony held in New York City on October 25th.
-
North Mill Capital LLC Promotes Stephanie Koveleski From Account Executive to Assistant Vice President
November 26, 2019Ms. Koveleski holds a Bachelor’s degree from Temple University and worked at another commercial finance company before joining North Mill Capital in 2018.
-
Crestmark Provides More Than $40.1 Million in Commercial Financing to 92 Businesses in the First Half of November
November 25, 2019Crestmark secured a total of $13,100,000 in ABL financial solutions for seven new clients; Crestmark Equipment Finance provided $16,833,431 in eight new lease transactions; Crestmark Vendor Finance provided $7,397,038 in 78 new lease transactions; the Joint Ventures Division provided $1,432,735 in financing for one client; and the Government Guaranteed Lending Division provided $1,345,000 in financing for one new client in the first half of November.
-
Frazier & Deeter Expands Transaction Advisory Services Group; Brian Dermott, Chase Gund and Joseph Barron Join Charlotte Team
November 25, 2019Brian Dermott has joined the firm as a Principal, Chase Gund as a Manager and Joseph Barron as a Senior Associate. Brian, Chase and Joseph, all licensed CPAs, will expand the Transaction Advisory Group based in Charlotte, which focuses on serving private equity groups, corporate strategic buyers, mezzanine lenders and other investors.
-
OceanaGold Amends Revolving Credit Facility
November 25, 2019OceanaGold Corporation (TSX: OGC / ASX: OGC) (the "Company") is pleased to announce it has amended its existing $200 million Revolving Credit Facility ("Facility") with its banking partners: Scotiabank, Citi, HSBC, Commonwealth Bank of Australia, Natixis and BNP Paribas.
-
Jones Day Adds Partner Thomas M. Devaney to Private Equity Practice in New York
November 25, 2019Mr. Devaney works with sponsors and the management teams of private funds with respect to transactional matters and U.S. securities laws and regulations in forming private funds, fundraising and investor subscriptions, and fund administration and operations. He represents U.S. domestic and global private equity, private credit, real estate, infrastructure and venture capital funds, and hedge funds with a broad range of investment strategies.
-
LVMH Reaches Agreement with Tiffany & Co.
November 25, 2019LVMH Moët Hennessy Louis Vuitton SE (“LVMH”), the world’s leading luxury group and Tiffany & Co. (NYSE: TIF) (“Tiffany”), the global luxury jeweler, today announced that the companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion.
-
AlixPartners Bolsters its Healthcare and Life Sciences Offering With Addition of Fran Scholz
November 25, 2019AlixPartners, the global consulting firm, announced today that life sciences expert Frank Scholz has joined as a managing director and one of the key leaders in the firm’s global Healthcare and Life Sciences practice, focusing on helping lead efforts in the pharmaceutical sector. He will be based in AlixPartners’ Chicago office.
-
Southwest Iowa Renewable Energy, LLC Announces Credit Expansion and Repurchase of Membership Units
November 25, 2019Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") is announcing the recent expansion of its credit facility and a repurchase of membership units.
-
Jamie Henderson to Join Capital One as Head of Commercial Real Estate
November 25, 2019Capital One announced today that Jamie Henderson will join as Executive Vice President and Head of Commercial Real Estate starting in January 2020. Henderson will report directly to Michael Slocum, President of Commercial Banking and Northeast Market President.
-
Gibraltar Provides $8 Million Credit Facility to Helps Sports Equipment Company Pursue Growth Strategy
November 25, 2019Recently, a turnaround consultant brought Gibraltar together with their client, an industry-leading retailer/e-tailer of new and preowned golf equipment, shoes, apparel and accessories. The company had been in business selling sports equipment to consumers through its multiple ecommerce sites.
-
Enviva Partners, LP Announces Pricing of Upsized $550 Million Offering of Senior Notes
November 25, 2019Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced today the pricing of its previously announced private placement to eligible purchasers of $550.0 million in aggregate principal amount of 6.5% senior unsecured notes due 2026 at par (the “Notes”). The principal amount of the offering was increased from the previously announced offering size of $450.0 million. The offering is expected to close on December 9, 2019, subject to customary closing conditions.
-
Lucky Brand Dungarees, LLC Announces Successful Refinancing
November 25, 2019Lucky Brand Dungarees, LLC ("Lucky Brand" or the "Company"), a portfolio company of Leonard Green & Partners, L.P. and a leading designer, distributor and retailer of premium denim and apparel goods in North America, announced today the completion of a new refinancing transaction.
-
Univar Solutions Announces Closing of $500 Million Senior Notes and $400 Million Term Loan
November 25, 2019The new Term B-5 Loan Facility will exist in conjunction with the Company's existing Term B-3 loan facility and Term B-4 loan facility (collectively with the Term B-5 Loan Facility, the "Senior Term Facilities"). The Senior Term Facilities are senior secured obligations of Univar Solutions USA and Univar Netherlands and are guaranteed by the Company and certain of its subsidiaries.
-
TIP Announces the Increase of Its RCF Facility and New Raise Term Debt
November 25, 2019On 21 November 2019, TIP, a portfolio company of I Squared Capital, announced that it had successfully: increased its existing Revolving Credit Facility (RCF) from €967 million to €1,150.5 million with no change in pricing or structure.raised €274.5 million in the private placement term debt markets for the first time. The term loan tenor is seven years.
-
FSW Funding Hires Director of Underwriting
November 25, 2019FSW Funding, a Phoenix-based company specializing in financing solutions for small to mid-size businesses, recently hired Patrick Cooper as Director of Underwriting. FSW continues to grow both its factoring and asset-based lending portfolios which dictates the need to increase the underwriting staff.
-
Austin Financial Services Provides a $5.5MM Revolver and Term Loan Credit Facility to a Tier 1 OEM Supplier of Plastic and Metal Components
November 25, 2019Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5.5MM AR and Inventory revolver and M&E Term Loan to a tier 1 OEM supplier of plastic and metal components located in the Southeastern U.S. The Company had outgrown its line of credit and was to looking to maximize the value of its assets and improve its liquidity position.
-
North Avenue Capital Ranks 4th in the Nation Among USDA B&I Lenders in 2019
November 25, 2019North Avenue Capital (NAC), a specialized commercial lender headquartered in Northeast Florida, has its eyes set on closing 2019 with over $140 Million in USDA Rural Loans to businesses across America. The USDA Rural Development Program works to create and save jobs in areas outside of metro areas, and NAC is committed to exclusively offering USDA Business & Industry (B&I) Loans nationwide with a focus on building businesses, growing economies, and creating jobs.
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