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OLAPLEX Announces the Closing of New Senior Secured Credit Facilities
Olaplex, Inc. (the “Company”), an indirect wholly owned subsidiary of Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX”), today announced the completion of a successful refinancing of its existing secured credit facility with a new credit agreement comprised of a $675 million senior secured term loan facility (the “Term Loan”) and a $150 million senior secured revolving credit facility (the “Revolving Facility”).
Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, BofA Securities, Inc., Jefferies Finance LLC and Truist Securities, Inc. acted as joint lead arrangers and joint bookrunners for the new credit facilities.
Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, BofA Securities, Inc., Jefferies Finance LLC and Truist Securities, Inc. acted as joint lead arrangers and joint bookrunners for the new credit facilities.
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Vivid Seats Announces Successful Completion of Debt Refinancing
February 3, 2022Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced the successful completion of the refinancing (the “Transaction”) of its existing credit facility.
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Great Elm Capital Corp. Expands Its Specialty Finance Footprint With The Purchase Of A Majority Equity Interest In Sterling Commercial Credit
February 3, 2022Great Elm Capital Corp. (“we,” “us,” “our,” or “GECC,”) (NASDAQ: GECC), a business development company, today announced that it has acquired a majority equity interest in Sterling Commercial Credit, LLC (“Sterling”) a leading asset-based lender. Established in 2004, Sterling provides asset-based loans to middle market companies throughout the United States. The Sterling team has been active in the commercial finance industry for over 30 years.
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PKF O’Connor Davies Introduces PKF Clear Thinking, LLC
February 3, 2022PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, today introduced PKF Clear Thinking, LLC, a subsidiary of the Firm specializing in business advisory services for companies at any stage of their life cycle. Formally known as Clear Thinking Group, LLC, the award-winning national bankruptcy and restructuring consultancy now operates as PKF Clear Thinking, LLC, with an enhanced digital presence and expanded network to better connect clients with strategic insights and actionable solutions that drive growth and preserve value.
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Alleon Healthcare Capital Provides a $6,000,000 Medical Accounts Receivable Financing Facility to a New Jersey-Based Primary Care Provider Network
February 3, 2022Alleon Healthcare Capital ("Alleon"), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $6,000,000 medical accounts receivable financing facility with a primary care provider network based in New Jersey.
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A&G Completes Sale of 23-Unit Residential Tower in Downtown Flushing, NY
February 3, 2022A&G Real Estate Partners announced that the U.S. Bankruptcy Court has approved the sale of Barclay Tower, a recently-constructed, 23-unit residential building in this densely populated section of Queens.
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Ocean Park Advises on Sale of Distillery
February 3, 2022CC Industries, Inc. (“CCI”) recently announced that it has acquired CIE. Headquartered in Marion, Indiana, CIE operates a world-class, commercial-scale distillery, which serves customers from Fortune 500 spirit, food and fragrance brands to niche artisan craft distilleries. Ocean Park acted as exclusive financial advisor to CIE on the transaction. Financial terms of the transaction were not disclosed.
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Huntington Business Credit Closes a new $20 Million Credit Facility with Atlas Wire, LLC
February 3, 2022Huntington Business Credit announced it closed a new $20,000,000 credit facility with Atlas Wire, LLC on December 31, 2021. Proceeds of the facility were used to assist in the acquisition and to provide ongoing working capital growth financing.
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Matrix Announces the Successful Sale Of The Motor Fuels & Convenience Retail Business of Miller Oil Company, Inc.
February 3, 2022Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Miller Oil Company, Inc., d/b/a Millers Energy, and its affiliates (“Miller” or the “Company”) on the sale of the Company’s 21 company-operated petroleum marketing and convenience retail stores, two company-owned dealer-operated stores, and over 70 wholesale dealer accounts located in Virginia, North Carolina, and Florida. Tom Frantz, Otto Konrad and Meagan Kalantar of Williams Mullen served as legal counsel for Miller.
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VSS Capital Partners Appoints Dean Pernisie As Strategic Partner Addition of Senior Advisor Bolsters Firm’s Healthcare Origination Capabilities
February 3, 2022VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, business services, and education industries, today announced the appointment of Dean Pernisie as a Strategic Partner at the firm. Mr. Pernisie will join the firm’s Senior Advisors, where he will help lead new investment opportunities in healthcare services.
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WSFS Bank Promotes, Expands Responsibilities of Senior Leaders as the Bank Continues to Execute on its Growth Strategy
February 3, 2022The following Associates have been promoted: Jim Wechsler – Senior Vice President, Chief Operating Officer, Commercial Banking Candice Caruso – Senior Vice President, Chief Retail Lending Officer Anthony Ryan – Senior Vice President, Director of Retail Lending Strategy and Operations
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ORIX Corporation USA Announces Senior Appointments in Asset Management
February 3, 2022ORIX Corporation USA (ORIX USA) today announced two senior appointments within its asset management business. Jeff Abrams has been named Chief Investment Officer (CIO), Asset Management, and Timothy Loughlin has joined the firm as Managing Director in the Special Opportunities Group, responsible for Asset Based Lending. Mr. Abrams is based in New York and continues to report to Art Mbanefo, CIO of ORIX USA and Mr. Loughlin reports to Ravi Singh, Head of the Special Opportunities Group.
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Goldman Sachs Asset Management Completes Investment in Elea Digital, Piemonte Holding's Brazilian Data Center Platform
February 3, 2022Piemonte Holding and the Private Credit business within Goldman Sachs Asset Management announce they have completed an investment in Elea Digital, an ecosystem of six data centers across different Metro-Areas in Brazil.
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Cambridge Savings Bank Provides Auto Advance, LLC with $9 Million Revolving Line of Credit to Support Growth Initiatives
February 3, 2022Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Asset-Based Lending team provided a $9 million revolving line of credit to Auto Advance, LLC — an auto finance and loan company located in Wayland, Massachusetts.
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CIT Serves as Sole Lender on $35 Million Credit Facility for D.P. Nicoli
February 3, 2022CIT, a division of First Citizens Bank, today announced that its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc. D.P. Nicoli is a leading provider of trench shoring rental equipment to public utilities, municipalities and contractors in California, Oregon, Washington and Idaho.
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PlainsCapital Bank Expands Harlingen Banking Team
February 2, 2022PlainsCapital Bank recently announced that Charles Hervey and Scott Allex have joined its Harlingen banking group at 1010 S. Expressway 83. Hervey will serve as senior vice president, commercial loan officer, while Allex will serve as vice president, business development officer.
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Gemini Finance Corp. Provides $10.0 Million Purchase Order Financing Facility to a Provider of COVID-19 Tests
February 2, 2022Gemini Finance Corp. is pleased to announce that it has provided a $10.0 million purchase order financing facility to a provider of COVID-19 tests to a large midwestern state. Gemini’s client, a healthcare supply company, required the funds to secure the COVID-19 tests from the manufacturer.
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Solifi Closes Record Year of Growth with New Global Website
February 2, 2022Solifi™ (formerly IDS), a global software partner for secured finance, exited 2021 – a transformational year of growth – with the launch of its new website www.solifi.com. The website encompasses the company’s complete market-leading portfolio of solutions designed to help customers gain a competitive advantage and grow their business. With 15 new customers and 25 go-lives in 2021, the market continues to look to Solifi to provide the innovative technology needed to achieve their business goals.
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BHI Provides $33 Million Construction Financing For 251 Front Street Luxury Rental Complex In Brooklyn
February 2, 2022BHI, a full-service commercial bank, announced that its Commercial Real Estate Group has provided $33.15 million in acquisition and construction financing to 251 Front Street LLC, developed by CW Realty Group for the development of a new luxury rental complex in the Vinegar Hill section of Brooklyn.
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SBA Provides SFNet with Guidance to Increase the Likelihood of a Quick and Successful EIDL Subordination Request
February 2, 2022Earlier this month, SFNet informed readers that, based on continued member feedback expressing concerns regarding the subordination process of the SBA’s COVID EIDL program, SFNet submitted a letter to the SBA. This letter led to a productive discussion with the SBA, who provided insights to increase the likelihood of a quick and successful subordination request.
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Latam Airlines Judge to Allow Creditor Vote on Bankruptcy Exit
February 2, 2022Latam Airlines Group SA can send its $5.4 billion bankruptcy-exit plan to creditors for a vote, a judge said Tuesday, handing the airline a partial victory over debtholders who want to pursue alternatives, including a takeover by rival Azul SA.
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