- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- GS Power Partners Secures $250 Million Investment from Deutsche Bank
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Culain Capital Provides $1MM AR Factoring Facility to California Staffing Company
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UPSTACK Secures $100M from MidCap Financial and Morgan Stanley Private Credit
UPSTACK, a profitable, fast-growing platform that transforms the architecture and sourcing experience for businesses seeking cloud and internet infrastructure solutions, announced today it has secured $100 million in financing from MidCap Financial and Morgan Stanley Private Credit. MidCap Financial is the Administrative Agent, Sole Arranger and Sole Bookrunner.
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Fundamental Advisors Completes Acquisition of MMA Capital Holdings
August 16, 2021An affiliate of Fundamental Advisors LP (together, "Fundamental"), a leading alternative asset manager focused on municipal, public purpose and community assets, today announced that it is has completed its previously announced acquisition of MMA Capital Holdings (the "Company"), an infrastructure finance company focused on providing debt financing for renewable energy projects, in an all-cash transaction valued at approximately $162 million.
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White Oak Delivers $45 Million Acquisition Term Loan Financing
August 16, 2021White Oak Global Advisors, LLC (“White Oak”), announced it provided a $45 million term loan to a global metals and commodity trading conglomerate, supporting its acquisition of the largest domestic vertically integrated producer of Alumina.
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Eclipse Business Capital Provides $100 Million Revolving Credit Facility to a Global Distributor
August 16, 2021Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced today that it has provided a $100 million senior secured revolving credit facility to a global electronic component sourcing and distribution company.
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Chase Corporation Announces Amended and Restated Credit Agreement
August 16, 2021Chase Corporation (NYSE American: CCF), a global specialty chemicals company that is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors, has entered into a new amended and restated credit agreement with Bank of America, N.A., as administrative agent, and with participation from Wells Fargo Bank, N.A., PNC Bank, N.A. and JPMorgan Chase Bank, N.A.
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CBIZ Board Appoints Richard T. Marabito as Independent Director
August 16, 2021CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, today announced the appointment of Richard T. Marabito as independent director to the Company's Board of Directors, effective August 12, 2021.
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Waha Capital Secures New $500 Million Revolving Credit Facility
August 16, 2021Waha Capital, an investment management company in Abu Dhabi, has announced the completion of the refinancing of its revolving credit facility with the support of four local and regional banks. The 3-year US$500 million revolving credit facility replaces and upsizes the current facility of US$400 million.
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Idea Financial Announces the Promotion of Sean Hritz to Vice President of Credit and Risk; Expansion of Small Business Loans up to 36 Months in Length
August 16, 2021Idea Financial, a leading provider of small business lending solutions, has announced the promotion of Sean Hritz to Vice President of Credit and Risk. In addition, Idea Financial will now offer lines of credit and term loans up to 36 months. Sean Hritz joined the company in 2018 as Director of Underwriting and, prior to that, held multiple senior underwriting roles in the lending industry.
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Apollo Hires Vikram Mahidhar as Operating Partner and Head of Data & Digital Transformation
August 16, 2021Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced that Vikram Mahidhar has joined the Firm as an Operating Partner to lead Private Equity’s Data & Digital Transformation efforts within Apollo’s Portfolio Performance Solutions (“APPS”) platform.
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National Bank CEO Louis Vachon to Retire, Laurent Ferreira Named Successor
August 16, 2021National Bank of Canada chief executive Louis Vachon will retire at the end of October after nearly 15 years in the job, the bank said Wednesday. Chief operating officer Laurent Ferreira will replace him in the top post starting Nov. 1, the Montreal-based bank said.
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Aria Systems Secures $90 Million in Growth Capital from Goldman Sachs Asset Management
August 16, 2021Aria Systems, the leader in helping enterprises grow subscription and usage-based revenue, today announced that the company has secured a $90 million investment from Goldman Sachs Asset Management Private Credit (Goldman Sachs). The capital will be used to accelerate global business expansion and deepen Aria’s penetration in strategic target markets, including the telecommunications, technology, financial services, and media and publishing industries.
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Haversine Expands Team and Further Bolsters Experience with Another Senior Hire
August 13, 2021Haversine Funding, a leading provider of alternative financing solutions, today announced the hiring of Cheryl Mayo to serve as director, portfolio manager for factoring and ABL client lenders. The company’s recent hires further support Haversine’s commitment to cultivating and deploying alternative financing solutions within the specialty finance space.
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Bankrupt Limetree Bay Refinery Gets $10 Million Debtor-in-Possession Funds to Unwind
August 12, 2021Limetree Bay refinery can get another $10 million in debtor-in-possession (DIP) financing this month, a Houston bankruptcy court judge said on Wednesday, cash that will go toward unwinding operations. The St. Croix, U.S. Virgin Islands, refinery filed for bankruptcy in July after investors poured $4.1 billion into an unsuccessful revival of the aging facility. An initial restart had to be abandoned after its stacks spewed oil on homes and contaminated drinking water.
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Fasken Ranks Among Top Legal Advisors for Canadian M&A, Capital Markets in First Half of 2021
August 12, 2021The Canadian law firm Fasken topped benchmark league tables for Mergers and Acquisitions (M&A) and capital markets in H1 of this year, reflecting the firm’s continued success in achieving clients’ objectives. Bloomberg, Refinitiv, MergerMarket, and the Financial Post all ranked Fasken among the leading advisors in several key M&A categories in H1:
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CIT Provides $28.2 Million in Financing for California Apartment Complex Development
August 12, 2021CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $28.2 million in financing for construction of the Via Del Lago apartments in the Moreno Valley region of Greater Los Angeles.
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Mesirow Investment Banking Enhances Debt Advisory Capabilities with Hire of New Managing Director
August 12, 2021Mesirow, an independent, employee-owned financial services firm, today announced that Eugene Weissberger has joined Mesirow Investment Banking as a Managing Director. Leveraging his long-standing relationships and 15 years of experience in the credit markets, Eugene will focus on developing the team's debt advisory practice.
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Lion Electric Secures New US$100 Million Credit Facility
August 12, 2021The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has entered into a credit agreement providing for a new revolving credit facility in the maximum principal amount of US$100,000,000, with a syndicate of lenders represented by National Bank of Canada as administrative agent, lead arranger and sole bookrunner, and including Bank of Montreal and Desjardins Capital Markets.
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CBL Properties Announces Confirmation of Its Plan of Reorganization
August 12, 2021BL Properties (OTCMKTS: CBLAQ) today announced that on August 11, 2021, the United States Bankruptcy Court for the Southern District of Texas entered an order approving the Company’s Plan of Reorganization (the “Plan”). As previously announced, on November 1, 2020, CBL filed petitions in the Bankruptcy Court for voluntary relief under Chapter 11 of Title 11 of the United States Bankruptcy Code.
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Capital Southwest Supports Hybrid Apparel’s Acquisition of Air Waves
August 12, 2021Capital 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 an Altamont Capital Partners (“Altamont”) portfolio company, Hybrid Apparel (“Hybrid”, or the “Company”) in its acquisition of Air Waves with a split lien term loan. Capital Southwest led the financing and will act as the sole administrative agent on the credit facility. Main Street Capital Corporation is also a lender in the split lien term loan.
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Truist Names Fadie Itayem Corporate Treasurer
August 12, 2021Truist Financial Corporation (NYSE: TFC) today announced Fadie "Freddy" Itayem, 38, has been named corporate treasurer, effective Sept. 3, 2021. Itayem will report to Chief Financial Officer Daryl Bible and will be responsible for all Truist corporate treasury activities, including balance sheet management, investment portfolio, liquidity risk and funding, interest rate risk and pricing. Itayem succeeds Donna Goodrich who will retire following more than 35 years with Truist.
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Comvest Credit Partners Announces Investment in ClearOne Advantage
August 12, 2021Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $110.0 million Senior Secured Credit Facility (the “Financing”) to ClearOne Advantage (“ClearOne”), a debt resolution services provider. The financing was used to refinance existing debt and fund ongoing working capital needs.
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