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Tetra Tech Announces $1 Billion Credit Facility Linked to Improving the Lives of One Billion People Worldwide
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, today announced the establishment of a $1 billion sustainability-linked credit facility.
The lender group was led by Bank of America, with joint lead arrangers Wells Fargo Bank, US Bank, and Bank of Montreal. The lender group further included the support of HSBC Bank USA, The Bank of Nova Scotia, BNP Paribas, and City National Bank. Bank of America acted in the sole capacity of sustainability coordinator.
The lender group was led by Bank of America, with joint lead arrangers Wells Fargo Bank, US Bank, and Bank of Montreal. The lender group further included the support of HSBC Bank USA, The Bank of Nova Scotia, BNP Paribas, and City National Bank. Bank of America acted in the sole capacity of sustainability coordinator.
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Liquidia Re-Finances Debt Facility With Silicon Valley Bank To Increase To $40.0 Million
January 10, 2022Liquidia Corporation (NASDAQ: LQDA) announced today the closing of a debt facility on January 7, 2022, with Silicon Valley Bank (SVB) which provides Liquidia with up to $40.0 million in term loans of which the first $20.0 million was funded at closing. Liquidia initially entered a debt facility with SVB in March 2021 that provided up to $20.5 million in term loans of which $10.5 million had been funded to date.
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FTI Consulting Survey: New World for CFOs Includes Shorter Tenure, Increased Responsibilities and Evolving Workforce Dynamics
January 10, 2022Chief financial officers are wrestling with new challenges and growing responsibilities in shorter time frames as CFO tenure decreases, according to findings from a new survey conducted by the Office of the CFO Solutions practice at FTI Consulting, Inc. (NYSE: FCN), in collaboration with Industry Dive.
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FrontWell Capital Partners Provides Senior Secured Credit Facility to Jason Wu
January 10, 2022FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand headquartered in New York City. The Company is known for designing dresses for celebrities and collaborating with other high-end brands.
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Sound Point Capital Provides Financing to Perry Ellis International
January 10, 2022Sound Point Capital Management (“Sound Point”) is pleased to announce that it closed on a senior secured term loan financing to a subsidiary of Perry Ellis International (“Perry Ellis” or the “Company”), an owner of well-established retail brands. Funding provided by Sound Point will be used to pay down the Company’s existing debt.
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Ares Management Corporation Further Expands Secondary Solutions Group
January 10, 2022Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that industry veterans Sebastien Burdel and Luca Salvato are joining as Partners in the Ares Secondary Solutions Group. They will work alongside Ares’ existing teams in both New York and London to directly originate new secondary market investment opportunities and leverage Ares’ substantial presence in the U.S. and Europe.
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Coherus BioSciences Secures Credit Financing with Pharmakon Advisors
January 10, 2022Coherus BioSciences, Inc. (Coherus or the Company) (Nasdaq: CHRS) today announced that it has entered into a loan agreement with investment funds managed by Pharmakon Advisors, LP.
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NuRAN Announces Agreement for US$15,000,000 Senior Credit Facility as Financing for Cameroon and DRC Projects
January 10, 2022NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC PINK:NRRWF)(FSE:1RN), a specialist rural telecommunications company, is pleased to announce an agreement in principle for a senior secured credit facility (the "Loan Facility") with a development finance institution (DFI) that provides up to US$15,000,000 in total funding. The purpose of the Loan Facility is to finance a portion of NuRAN's planned US$30,000,000 of expenditures linked to the installation of network infrastructure roll-out promoted by NuRAN in Cameroon and Democratic Republic of the Congo (DRC) (the "Project").
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BMO Financial Group Announces Expansion of Commercial Banking Operations in Florida
January 10, 2022BMO Financial Group has expanded its commercial banking operations in Florida, announcing new leaders in South Florida, West Florida and Central/North Florida regions. The Florida commercial banking team will continue to be overseen by Marty McAndrew, BMO's Managing Director & Florida Market Executive, Commercial Banking.
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US Bank M&A Activity to Continue Amid Increased Regulatory Scrutiny
January 10, 2022Heightened political and regulatory scrutiny of large bank mergers and acquisitions (M&A) could lead to increased execution risk for future deals and for banks with in-process transactions, Fitch Ratings says. However, we expect small and mid-sized regional banks to continue to announce new deals despite growing regulatory scrutiny that could result in delayed closings or even the potential termination of deals.
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AlixPartners Promotes Stephen Yu to Managing Director
January 10, 2022Stephen Yu has been with the global management consulting firm since 2012, focusing on digital forensics, electronic discovery, data analytics and information governance. He is a senior member of the Investigations, Disputes and Risk practice, and leads AlixPartners’ digital forensics and discovery offerings across Asia Pacific.
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BOK Financial Adds ABL Veteran S. Scott Simmons to the Team
January 10, 2022Approaching 25 years in the asset-based lending industry, Simmons has held successful business development roles at First Capital, AloStar Capital Finance, Gibraltar Business Capital and most recently served as senior vice president with Webster Business Credit. His experience centers around originating and structuring senior secured credit facilities and equipment term debt for mergers and acquisitions, recapitalizations, turnaround and high-growth situations.
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Reeder Land Development Secures $100 Million Credit Facility to Accelerate Residential Lot Development Growth Initiatives
January 10, 2022Dallas-based Reeder Land Development Company (“Reeder”), a division of Reeder Capital Partners, today announced it has secured a $100 million credit facility with New York City-based Fortress Credit Corp. (“Fortress”) to fund Reeder's master planned single family residential community development expansion initiatives throughout the Southeast and Southwest United States.
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Amerisource Closes $2,000,000 Term Facility for Manufacturing Firm
January 10, 2022Amerisource Business Capital announced the closing and funding of a $2,000,000 real estate term loan for a Pennsylvania agriculture and snow removal equipment manufacturer. The proceeds were used to provide working capital for the company’s expected growth.
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EisnerAmper Names Environment, Social and Governance Director
January 10, 2022EisnerAmper LLP, the business advisory firm with a major presence in New Jersey, has announced that it named Danielle Barrs as the director of ESG strategic solutions. ESG is the firm’s Environment, Social and Governance group, which EisnerAmper launched last year to help companies evaluate and develop ESG strategies.
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Capital Southwest Supports Culper Capital’s Investment in The Producto Group
January 10, 2022Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it backed Culper Capital Partners’ (“Culper”) investment in The Producto Group (“Producto” or the “Company”) with a senior secured first lien term loan and a minority investment in the common equity.
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Hunter Point Capital Announces Strategic Investment in Iron Park Capital
January 10, 2022Hunter Point Capital (“HPC”), an investment firm focused on taking minority stakes in middle-market alternative asset managers, today announced a strategic investment in Iron Park Capital (“IPC”), a global alternative investment manager with deep experience investing across public and private credit markets.
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Comvest Credit Partners Announces Investment in P.J. Whelihan’s Restaurant Group
January 10, 2022Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing an $80 million senior secured credit facility (the “Financing”) to P.J. Whelihan’s Restaurant Group, (“PJW”), a Haddonfield, N.J.-based restaurant operator. The Financing was used to support the acquisition of PJW by Garnett Station Partners.
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Blue Owl Capital Announces Launch of U.S. Direct Lending Capabilities to Canadian Investors
January 10, 2022Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, will bring its institutional quality middle market lending capabilities to Canadian accredited investors. The initiative positions Blue Owl as one of the first U.S.-based private credit managers to offer direct lending capabilities to onshore Canadian investors.
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Dorsey Continues to Add Key Talent in New York Office
January 10, 2022Dorsey & Whitney continues to add talent with another significant hire in its New York office. Andrew Herr has joined as a Partner, in the Finance & Restructuring Practice Group, building on the recent additions of Partners Marc Kushner and Michael Budabin to Dorsey’s Cross-Border M&A Group.
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Zions Bancorporation Completes Asset-Based Lending Deal With Houston Steel Distributor
January 6, 2022Zions Bancorporation, N.A., through its Texas division, Amegy Bank of Texas, closed and funded an $8,000,000 credit facility for a wholesale distributor of steel products. The credit facility consisted of a multi-year revolving line of credit.
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