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DataBank Secures $350 Million Credit Facility to Finance Ongoing Expansion
DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced today that it has secured another $350M in financing to fund the ongoing expansion of its edge data center footprint. Led by TD Securities, the $350 million credit facility includes a $175 million, 5-year Term Loan, a $125 million Delayed Draw Term Loan ("DDTL") which is undrawn at close, and a $50 million revolving credit line.
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At SFNet’s Asset-Based Capital Conference in Las Vegas this month, geopolitical analyst David Chmiel addressed how a Russian invasion of Ukraine could set off far-reaching geopolitical impacts and further accelerate China’s aggressive geopolitical plans.
In a virtual fireside chat recorded Jan. 30 with questions posed by Business Editor Stuart Rock, founder of Devonia Road, Chmiel said China is certainly watching closely to see how unified the response to Russia’s escalation has been from Ukraine’s allies in Europe and North America.
TSL Express Daily Headlines & News
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A&G Gears Up to Seize New Opportunities in Today’s Turbulent Commercial Real Estate Market
February 15, 2024Company works with global investment bank Houlihan Lokey, Inc., to accelerate growth and provide a broader array of products and services to U.S. real estate operators facing a coming wave of distress.
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Old National Names Thurston as Corporate Banking Executive
February 14, 2024Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp (“Old National”), has announced the appointment of John C. Thurston as Corporate Banking Executive and Senior Vice President of Corporate Banking.
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New England Consulting Partners Marks Milestone Growth with Promotions
February 14, 2024New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.
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Banks Launch $5 Billion Loan for KKR’s Cotiviti Stake Deal
February 14, 2024A group of banks launched a $5 billion leveraged loan sale on Wednesday to help finance KKR & Co.’s purchase of a stake in Cotiviti Inc., according to people with knowledge of the matter.
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Rosenthal Closes Two Recourse Factoring Deals
February 14, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.
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SLR Digital Finance Closes $2 Million Revolving Credit Facility for Mobile Media & Ad Tech Company
February 14, 2024SLR Digital Finance announces the funding of a $2,000,000 asset-based revolving credit facility which incorporates tiered pricing to match and refinance an SBA loan and allows for additional growth under the revolving line of credit.
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Värde Commits $1.3 Billion in Asset-Based Private Credit Transactions in 2023
February 14, 2024Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments facilitated approximately $9 billion of commercial and consumer loans in North America and Europe.
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Fora Financial Surpasses $4 Billion+ in Capital Provided to America’s Small Businesses
February 14, 2024Fora Financial, a leading provider of short-term financing to the SMB community, announces that it has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small businesses with over half a billion dollars of flexible financing.
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Sientra to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process
February 14, 2024Sientra, Inc. (NASDAQ: SIEN) (“Sientra” or the “Company”), a surgical aesthetics company developing and commercializing safe and innovative solutions for the best aesthetic outcomes, announced that it filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on February 12, 2024.
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Dechert Continues to Expand Private Credit and Leveraged Finance Capabilities with Addition of Eliot L. Relles
February 14, 2024Dechert LLP announced today the addition of Eliot L. Relles as a partner in its corporate and securities practice group, further enhancing the firm’s capabilities in leveraged finance and private credit. Mr. Relles will be based in the firm’s New York office.
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Star Mountain Capital Adds Former Dallas Fed CEO, Goldman Sachs Vice Chairman, Robert Kaplan, as Senior Advisor
February 14, 2024Star Mountain Capital, LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Robert Kaplan has joined as Senior Advisor.
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Frost Brown Todd Adds Three Top Commercial Finance Partners in Louisville
February 14, 2024Frost Brown Todd (FBT) broadened and deepened its leading national finance capabilities by adding Jamie Brodsky, Alexander G. Staffieri, and Kaitlyn J. George as partners in the firm’s Commercial Finance Practice Group in its Louisville office.
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CVC Credit Prices Apidos XLVII
February 14, 2024CVC Credit, the $43 billion dedicated credit strategy of CVC, is pleased to announce that it has successfully priced Apidos XLVII (47), a $507 million (c.€471 million) Collateralized Loan Obligation ("CLO"). BNP Paribas acted as the lead arranger.
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Citizens Leads $377.5 Million Credit Facility for Arlington Capital Partners
February 13, 2024Citizens announced today that it led a $377.5 million senior credit facility for Arlington Capital Partners to support the acquisition of Merrill Technologies Group and the formation of Keel Holdings, LLC. Citizens served as Lead Left Arranger, Left Lead Bookrunner and Administrative Agent.
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GreenPower Secures $5 Million Revolving Loan with EDC to Fund All-Electric Vehicle Production for Customer Orders
February 13, 2024GreenPower Motor Company Inc. ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, has entered into a revolving loan agreement with Export Development Canada ("EDC") for up to $5 million (the "Facility") to fund all-electric vehicle production pursuant to customer orders.
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Potbelly (PBPB) Enters New $30M Credit Facility
February 13, 2024Potbelly Corporation (NASDAQ: PBPB) today announced that the Company has closed a new $30 million revolving credit facility (the “Facility”) that matures on February 7, 2027 led by Wintrust Bank.
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EBSC Lending Provides Senior Credit Facility to Metro Capital
February 13, 2024EBSC Lending, a private lender focused on real estate financing, has announced that it will be providing a senior credit facility to Metro Capital worth $25 million.
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Float Partners with Silicon Valley Bank, a division of First Citizens Bank, Secures C$50 Million in Financing to Accelerate Growth
February 13, 2024Float, one of Canada's fastest growing fintechs, has kicked off 2024 with an aggressive expansion plan and the backing of a C$50 million credit facility in partnership with Silicon Valley Bank (SVB), a division of First Citizens Bank.
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MidCap Financial Closes $35mm Senior Revolving Credit Facility to Arc
February 13, 2024MidCap Financial, a leading commercial finance company focused on middle-market transactions, today announced it has provided a $35mm senior revolving credit facility to Arc International North American Holdings, Inc. (“Arc” or “Company”).
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Evolve Bank & Trust Appoints Peter Moenickheim as Chief Risk Officer
February 13, 2024Evolve Bank & Trust (“Evolve”), a global leader in the payments and Banking-as-a-Service (“BaaS”) industry, announced today it has appointed Peter Moenickheim as Chief Risk Officer. Peter brings with him more than 20 years of experience assessing and managing risk for the banking, consumer finance, and payments industry.
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