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VAH Announces Closing of $500 Million Warehouse Facility
Voyager Aviation Holdings, LLC (“VAH”), a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million (“the Facility”).
Citibank, N.A. (“Citi”) acted as Global Coordinator and Co-Structuring Agent alongside Credit Suisse Securities (USA) LLC (“Credit Suisse”) as Co-Structuring Agent. Citi and Credit Suisse both acted as Joint Lead Arrangers on the Facility. The initial syndicate of lenders also includes Deutsche Bank and Morgan Stanley.
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Bryan Cave Leighton Paisner Adds Finance Transactions Partner in Chicago from Vedder Price
January 18, 2022International law firm Bryan Cave Leighton Paisner (BCLP) today announced that experienced finance transactions lawyer Braden Shaw has joined the firm as a partner. Based in BCLP’s Chicago office, he joins as a member of the firm’s global Finance Transactions Practice.
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TradeCap Partners Secures $2.5MM Purchase Order Finance Facility for Video Game Accessory Company
January 18, 2022TradeCap’s financing support allowed gaming accessories to be manufactured with overseas suppliers and shipped through a combination of air and sea shipments. The non-dilutive structure extended the runway of cash from the equity raise and enhanced the value of original shareholders.
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Dechert Welcomes Global Finance Partner Alon Goldberger Back to its Philadelphia Office
January 18, 2022Mr. Goldberger’s experience extends across a variety of industries and business structures, representing diverse institutional consumers and providers of senior and subordinated debt financing, across a broad range of financing transactions, including, among others, asset-based and cash-flow lending, acquisition financings, and recapitalizations and restructurings.
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Lighthouse Provides $3,750,000 Credit Facility to TN-based Designer & Distributor of Lifestyle Apparel
January 18, 2022Lighthouse Financial Corp. is pleased to announce the completion of a $3,750,000 Credit Facility for a Tennessee based designer and distributor of lifestyle apparel. The company prides itself on bridging the gap between lifestyle and performance with a constant eye on ultimate style and quality.
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NXT Capital Closes Senior Credit Facility in Support of Sentinel Capital Partners’ Acquisition of TTG Imaging Solutions
January 18, 2022NXT Capital announced today that it closed a senior credit facility in support of Sentinel Capital Partners’ acquisition of TTG Imaging Solutions, LLC. NXT Capital acted as the Administrative Agent, Lead Arranger, and Lead Bookrunner on this transaction.
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SierraConstellation Partners Promotes Tom Lynch to President & Chief Operating Officer
January 18, 2022SierraConstellation Partners LLC (SCP), an interim management and advisory firm to middle-market companies in transition, has promoted Tom Lynch to President and Chief Operating Officer. Since joining SCP in 2018, Lynch has played a pivotal role in building SCP’s nationwide presence from his base in the Northeast. He has led some of SCP’s most high-profile engagements, including serving as the interim CEO of David’s Bridal and as the Chairman and CEO of MedMen.
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Burberry Sets First Sustainability-linked Loan With Lloyds Bank
January 18, 2022Burberry’s finances are going a deeper shade of green with a new sustainability-linked loan coordinated by Lloyds Bank. The 300 million pounds loan is linked to Burberry’s ambition to be climate positive by 2040, and comes less than 18 months after the company issued a sustainability bond.
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GTCR Announces Opening of New York and West Palm Beach Offices
January 18, 2022GTCR, a leading private equity firm founded in 1980, announced today the opening of offices in New York City and West Palm Beach, Florida, establishing new locations to support its investment capabilities and broaden its talent acquisition initiatives. GTCR's offices in Chicago will continue to serve as the firm's headquarters and center of operations and will continue to account for the majority of the firm's employees.
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Swept Accelerates Product and Market Expansion with Growth Financing from FirePower Capital
January 18, 2022Swept Technologies Inc. (“Swept”), the leading field management software platform in the janitorial industry, today announced closing debt financing with FirePower Capital (“FirePower”), Canada’s entrepreneurial lender, investor, and M&A advisor.
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As It Begins its Eleventh Year, Abacus Finance Announces the Promotions of Eric Petersen, Rafal Rydzewski, and Austin Rendell
January 18, 2022As an investment team member, Eric Petersen, who joined Abacus in 2013, leads structuring, underwriting, executing, monitoring, and valuing investments for the firm. Rafal Rydzewski, who joined Abacus in 2014, is involved as an investment team member with structuring, underwriting, executing, monitoring, and valuing investments for the firm. Austin Rendell, who joined Abacus Finance in 2019 as an Analyst, works as part of the investment team in structuring, underwriting. and executing new investments.
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Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $200.9 Million in Commercial Financing to 179 Businesses in December
January 18, 2022Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $46,424,626 in ABL/factoring financial solutions for 22 new clients; Crestmark Equipment Finance provided $34,752,249 in 35 new transactions; Crestmark Vendor Finance provided $11,852,158 in 116 new transactions; and the Government Guaranteed Lending group provided $107,950,000 in financing for six new clients in the month of December.
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SG Credit Provides a $2.5 Million Recurring Revenue-Based Growth Capital Facility to OpsCompass
January 18, 2022“OpsCompass, along with our solutions company, House of Brick, is entering an exciting phase of accelerated growth in our recurring business offerings,” said Nathan Biggs, OpsCompass CEO. “We are seeing increasing worldwide customer adoption of our Cloud Intelligence Platform and our Managed Cloud Services. SG Credit Partners showed the unique insight into our business to tailor just the right capital structure we need to meet our aggressive growth targets.”
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First Business Bank’s Asset-Based Lending Group Funds $10 Million Credit Facility for Refinance
January 18, 2022Pete Lowney, President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit facility for a Florida-based signage manufacturer and installer.
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The Simply Good Foods Company Announces Lender Commitments Received to Reprice Its Existing Term Loan
January 18, 2022The Simply Good Foods Company (NASDAQ:SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced that its indirect, wholly owned subsidiary, Simply Good Foods USA, Inc. and other wholly owned subsidiaries successfully received commitments and all necessary consents from lenders for a repricing of their existing $431.5 million outstanding term loan under the Credit Agreement, dated as of July 7, 2017 (the “Term Loan”) at par.
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Jet Edge International Receives Further Investment from KKR
January 18, 2022Jet Edge International, the Ohio-based private aviation company, has raised an additional $75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately $265 million over the past year.
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Shawcor Announces Closing of Credit Facility
January 18, 2022Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) today announced that it has successfully closed on the previously announced credit facility (the “Credit Facility”) with Toronto-Dominion Bank and National Bank Financial as co-lead arrangers and HSBC Bank Canada, JP Morgan Chase Bank and Export Development Bank as lenders. The Credit Facility provides for a US$300 million, four-year senior secured revolving facility.
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Regents Capital Closes $25.0 Million Corporate Note Financing
January 18, 2022Regents Capital Corporation (Regents), a leading provider of equipment leasing and financing solutions to middle-market borrowers, announced the closing of a $25.0 million investment-grade rated corporate note financing provided by a consortium of prominent institutional investors. Brean Capital, LLC served as the company's exclusive financial advisor and sole placement agent in connection with the transaction.
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Värde, Hawkins Way Form $1B JV to Acquire Value-add and Distressed Hospitality Assets
January 18, 2022Värde Partners, a global alternative investment firm, and Hawkins Way Capital, a vertically integrated real estate company, have formed a joint venture to acquire more than $1 billion of value-add and distressed hospitality and housing assets in major U.S. cities. The assets will operate under a Hawkins Way affiliate.
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Cambridge Wilkinson Investment Banking Closes $150 Million Litigation Finance Credit Facility
January 18, 2022Cambridge Wilkinson ("CW") is pleased to announce the closing of a $150MM credit facility for an institutional caliber litigation finance lender which specializes in originating and underwriting loans that have a first priority claim on all revenues generated by the case collateral.
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Accord Financial Expands Executive Team: Todd Eubanks Joins As Senior Vice President, Underwriting & Portfolio Risk
January 18, 2022Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the hiring of Todd Eubanks as SVP, Underwriting and Portfolio Risk. As a member of the Executive Leadership team, he will be responsible for setting the direction of the company’s credit risk functions, culture and policies, helping to advance Accord’s credit strategy and the processes and controls designed to mitigate risks within the loan portfolio.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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