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  • Havfram Signs Green ECA Term Loan Facility to Fully Finance Newbuilding Programme
    November 21, 2023
    Today, Havfram has signed a Senior Secured Green ECA Term Loan Facility (the "Facility") to fund its two Wind Turbine Installation Vessels ("WTIVs"), currently under construction at CIMC Raffles.
  • Levine Leichtman Capital Partners Sells Therapeutic Research Center
    November 21, 2023
    Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has sold its portfolio company Therapeutic Research Center (“TRC” or the “Company”) to Colibri Group, a portfolio company of Gridiron Capital. Financial terms of the transaction were not disclosed.
  • MariMed Closes $58.7 Million Debt Refinancing
    November 21, 2023
    MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, announced that it closed a $58.7 million secured credit facility with a U.S. chartered bank on November 17, 2023.
  • GoldenTree Announces Closing of $398 Million CLO Under GLM Strategy
    November 21, 2023
    GLM II, LP (“GLM II”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $398 million collateralized loan obligation (“CLO”) to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 18 (“GLM US CLO 18”), GoldenTree has issued 24 CLOs totaling approximately $13.5 billion under its GLM CLO strategy.
  • Hilltop Holdings Inc. Announces Pending Retirement of PlainsCapital Bank President and CEO Jerry Schaffner in May 2024
    November 21, 2023
    Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced that Jerry Schaffner, President and CEO of Hilltop’s banking subsidiary, PlainsCapital Bank (the “Bank”), is retiring on May 1, 2024. At that time, Hilltop President and CEO Jeremy B. Ford will become CEO of PlainsCapital Bank.
  • Greenbrier Completes Second Successful Railcar Asset-backed Securities Issuance
    November 21, 2023
    The Greenbrier Companies, Inc. (NYSE: GBX) ("Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets, today announced the completion of a follow-on offering of railcar asset-backed securities ("ABS") securing long-term financing for our leasing business.
  • Summit Ridge Energy Closes $275M Financing Facilities with MUFG
    November 21, 2023
    Summit Ridge Energy, the nation's largest commercial solar company, has announced a $275 million expansion of its existing partnership with MUFG, a leading global financial group. The capital will be used for both construction and term debt financing, enabling Summit Ridge Energy to further expand its operations and execute on a growing community solar pipeline in Virginia and Illinois.
  • PGIM Hires Sancia Dalley to Lead DEI Investment Strategies
    November 21, 2023
    PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has hired Sancia Dalley as a managing director in the PGIM Office of Diversity, Equity & Inclusion (DEI). In this role, Dalley will oversee the DEI Investment Portfolio and HBCU Investment Strategy.
  • Hilco Redevelopment Partners Shares Thanksgiving Turkeys with Communities Across the Country
    November 21, 2023
    In celebration of the Thanksgiving season, Hilco Redevelopment Partners (HRP) has completed its annual Turkey Drive initiative which aims to spread holiday spirit and gratitude in the communities surrounding HRP redevelopment projects. HRP redevelops complex industrial properties in major U.S. cities through a holistic approach that prioritizes environmental, economic, and community sustainability.
  • American Airlines Announces Proposed Offering of Senior Secured Notes and new Term Loan
    November 20, 2023
    American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”). The Company also announced it intends to borrow up to $750 million in aggregate principal amount of term loans (the “Term Loan”) under a new senior secured credit facility.
  • KORE Announces Completion of Comprehensive Debt Refinancing and Strategic Investment
    November 20, 2023
    KORE Group Holdings, Inc., the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced that it has completed its previously announced transactions to refinance its approximately $300 million term loan with the issuance of a new $185 million five-year term loan from Whitehorse Capital and a $150 million strategic investment from funds advised by Searchlight Capital Partners, L.P.
  • Mammoth Holdings Refinances to Scale Platform and Drive Growth
    November 20, 2023
    Mammoth Holdings LLC, America's premier express car wash platform, announced the refinancing of its operations through Oak Hill Advisors ("OHA") totaling more than $500 million in size. The funding will support Mammoth's long term growth strategy of acquiring existing car wash brands and opening greenfield locations.
  • Marathon Asset Management Appoints Alex Howell to Lead Marathon’s European Alternative Credit Business
    November 20, 2023
    Marathon Asset Management, L.P. (“Marathon”), a leading global credit investment manager, today announced that Alex Howell has joined the firm as a Senior Managing Director and Head of European Alternative Credit, responsible for leading public investments, corporate capital solutions, special situations and direct lending in Europe.
  • A&M Strengthens UK Debt Advisory Team with Further Senior Hires in Manchester
    November 20, 2023
    Leading global professional services firm, Alvarez & Marsal (A&M), today announces a major expansion of its Debt Advisory team in the UK. The firm announces further senior hires, including Jane Hartley, Senior Director, and a Director with an asset based finance background who is set to join in early 2024.
  • SFNet New Member Spotlight: FlexCharge
    November 20, 2023
    FlexCharge is highly unique AI-powered platform that partners with merchants and payment providers to instantly review and recover failed customer transactions at no risk to the merchant and at no cost to the customer. The platform can cure 30-40% of declines driving up merchant sales by 5-15%.
  • Blue Bird Announces Refinancing of Term Loan and Revolving Credit Facility
    November 20, 2023
    Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced that on November 17, 2023 the Company completed the refinancing of its credit facilities and entered into a new five-year credit agreement with a syndicate of financial institutions as lenders, led by BMO Capital Markets with Joint Lead Arranger partners, including Bank of America.
  • SSG Advises Soft Surroundings in the Sale of Substantially all of its Assets to Coldwater Creek and Gordon Brothers
    November 20, 2023
    SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Soft Surroundings Holdings, LLC (“Soft Surroundings” or the “Company”), in the sale of substantially all of its assets to an affiliate of Coldwater Creek and an affiliate of Gordon Brothers Group (“Gordon Brothers”).
  • Summit Midstream Partners, LP Announces Opportunistic Refinancing of its 2025 Unsecured Notes and Amendment to ABL Facility
    November 20, 2023
    RBC Capital Markets, LLC acted as the lead financial advisor, and Baker Botts L.L.P. acted as counsel, to Summit in connection with the Transactions.
  • First Citizens Bank Provides Credit Facility to a Behavioral Healthcare Services Company
    November 20, 2023
    First Citizens Bank today announced that its Asset-Based Lending business provided a credit facility to The Stepping Stones Group to accommodate the business’ seasonal working capital needs during the school year. The Stepping Stones Group, a portfolio company of Leonard Green and Partners, is a provider of therapeutic, behavioral and autism services to children with developmental delays in school, home and center-based settings.
  • The Consulting Report Names Clark Pakstys a Top 25 Private Equity Consultant and Leader of 2023
    November 20, 2023
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Kim Clark Pakstys, Managing Director, CFO Advisory, has been named one of The Consulting Report’s Top 25 Private Equity Consultants and Leaders of 2023.
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