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  • White & Case Advises Banks on €830 Million Financing for Acquisition of Seqens by SK Capital
    February 24, 2022
    Global law firm White & Case LLP has advised a banking syndicate led by Deutsche Bank AG, J.P. Morgan AG, Royal Bank of Canada and Société Générale, acting as mandated lead arrangers and bookrunners, on the €830 million debt financing for the acquisition by SK Capital of a majority shareholding in Seqens, a French based leader in pharmaceuticals and specialty chemicals.
  • Intelsat Announces Successful Emergence from Financial Restructuring Process
    February 24, 2022
    -Intelsat S.A. announced today that it has successfully completed and emerged from its financial restructuring process as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary conditions.
  • Diversified Healthcare Trust Announces Amendment to Credit Facility
    February 24, 2022
    Wells Fargo Securities, LLC, Citigroup Global Markets Inc., RBC Capital Markets and PNC Capital Markets, LLC acted as Joint Lead Arrangers for the amendment to DHC’s revolving credit facility agreement. Wells Fargo Bank, National Association is the Administrative Agent for the facility.
  • GemCap Funds $4.0 Million Facility for Nut Processing Company
    February 24, 2022
    GemCap provided a $4.0 million facility consisting of a working capital revolver and an equipment term loan for a nut processing company. "We're happy to support the food industry and agriculture," says David Ellis, Co-President. "GemCap continues to focus on assisting small businesses grow and rebound!"
  • CIFC’s CLO Initiative for Change Makes Second Annual Donation
    February 24, 2022
    CIFC Asset Management LLC (“CIFC”), an alternative credit specialist serving institutional investors globally with more than $38 billion in assets under management, today announced the second annual donation made on behalf of the CLO Initiative for Change, the firm’s philanthropic program in connection with collateralized loan obligations (“CLOs”) issued by CIFC.
  • Rohit Gandhi Joins Oxford Finance’s Senior Lending Platform
    February 24, 2022
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, is pleased to announce that Rohit Gandhi, a seasoned investment professional, has joined Oxford as a senior director.
  • Banc of California Hires Matthew Grimes as SVP, ABL Leader
    February 24, 2022
    Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be responsible for leading the bank’s Asset Based Lending efforts. Grimes will report to Hamid Hussain, President, Real Estate and Commercial Banking.
  • CIT Provides $51 Million for Acquisition of Arizona Apartment Complex
    February 24, 2022
    CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, Arizona. Oceana Apartments, which was acquired by 29th Street Capital, consists of 240 one-bedroom, two-bedroom and three-bedroom units. Based in Chicago, 29th Street Capital is a leading investor, manager and developer of multifamily properties nationwide.
  • Amerisource Closes $3,000,000 Real Estate Term Facility for Manufacturing Firm
    February 24, 2022
    Amerisource Business Capital announced the closing and funding of a $3,000,000 real estate term loan facility for a Texas-based custom pool and tiny home manufacturer. The proceeds were used to provide working capital to support the Canadian company’s expansion of its manufacturing capacity in the U.S.
  • CIT Provides More Than $44 Million for Medical Office Building Properties
    February 23, 2022
    CIT, a division of First Citizens Bank, today announced that its Healthcare Finance division provided more than $44 million toward the financing of medical office buildings and facilities in Florida, Washington, and Arizona. The loans supported a joint venture managed by Montecito Medical Real Estate in acquiring medical office buildings in Jacksonville and Fleming Island, Florida; Scottsdale, Arizona; and Spokane, Washington.
  • Gordon Brothers Funds $10.6M Term Loan to Support Dominion Packaging Inc.’s Continued Growth
    February 23, 2022
    Gordon Brothers, the global advisory, restructuring and investment firm, has provided Dominion Packaging Inc. a $10.6 million term loan to increase the company’s liquidity and support its continued growth. Dominion Packaging, a manufacturer of branded folding cartons and boxes within the beverage, food and confectionary industries, will use the funds to refinance existing debt and invest in additional assets needed to meet increased demand.
  • Capstone Partners Advised Covail (Columbus Collaboratory LLC) on Its Sale to GoSecure, Inc.
    February 23, 2022
    Headquartered in Columbus, Ohio, Covail was founded in 2015 with investments from seven of the largest companies in Central Ohio to provide collaborative solutions to common artificial intelligence (AI) and cybersecurity challenges facing their respective businesses, as well as other customers.
  • Gateway Trade Funding Provides a $1,500,000 Purchase Order Facility to an Importer of Dried Noodle Bowls
    February 23, 2022
    An importer of dried noodle bowls received a new large order from a grocery chain but lacked the working capital to accept it. They were working with a referral source who recommended partnering with Gateway Trade Funding to find a way to accept the order.
  • Texas Capital Bank Partners with Huston-Tillotson University to Provide Commercial Lending Certificate Program in East Austin
    February 23, 2022
    Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), in coordination with the American Bankers Association (ABA), has expanded its Commercial Lending Certificate Program to Huston-Tillotson University in Austin, Texas. Texas Capital Bank and ABA began the Commercial Lending Certificate Program for Historically Black Colleges and Universities (HBCUs) in 2021 with Prairie View A&M University located in Prairie View, Texas.
  • FTI Consulting U.S. Loan Market Survey: Lenders Expect Slightly More Workout Activity in 2022
    February 23, 2022
    FTI Consulting, Inc. (NYSE: FCN) today released the findings of its 2022 U.S. Loan Market Survey, which provides insight into the impact of COVID-19, inflation and other economic trends on the U.S. loan industry, along with expectations for leveraged credit market conditions this year.
  • Amryt Completes $125 Million Non-Dilutive Debt Refinancing
    February 23, 2022
    Amryt (Nasdaq: AMYT), a global, commercial-stage biopharmaceutical company dedicated to acquiring, developing and commercializing novel treatments for rare diseases, announces that it has secured $125 million of senior credit facilities from funds managed by the Credit Group of Ares Management Corporation (“Ares”).
  • CIBC Innovation Banking Provides Financing Solutions to Graphite Ventures
    February 23, 2022
    CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a capital call line of credit, to Graphite Ventures (Graphite), a $100-million fund focused on seed-stage investments and extensions, through to the rights for Series A rounds. The capital call facility provides Graphite with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.
  • Amerisource Business Capital Strengthens Team with Recent Appointment
    February 23, 2022
    Amerisource Business Capital announced the recent appointment of Randy Goeken as Regional Market Manager. Randy has over 35 years of experience in commercial finance, primarily in business development and relationship management, with lower middle market companies. Based in California, he is responsible for the development of the Western Division.
  • New Report Shows Upturn In Global Receivables Finance Market
    February 23, 2022
    EQ Riskfactor, a leading global provider of risk management software for the commercial finance market (part of Equiniti Group), today launches its new international report, Navigating 2022 And Beyond. The new report interviewed senior professionals from the receivables finance industry across the UK, US, Germany, France and the Netherlands on what lies ahead for receivables finance lenders in 2022. The view across international borders did not waiver – receivables finance lenders are feeling positive and optimistic about the year ahead.
  • Kratos Announces Completion of Refinancing Transaction
    February 22, 2022
    Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today announced the refinancing of its outstanding $90 million Revolving Credit Facility and $300 million 6.5% Senior Secured Notes, with a new 5-year $200 million Revolving Credit Facility and 5-year $200 million Term Loan A (collectively, the “New Credit Facility”). The Company has drawn approximately $200 million under the Term Loan A and $100 million on the new Revolving Credit Facility, with $100 million remaining in borrowing capacity.