Company receives gross proceeds totaling $30 million to expand portfolio of equipment leasing contracts in Africa

CVC Credit Partners is pleased to announce that it has successfully raised US$657 million for its second U.S. focused direct lending fund, CVC Credit Partners U.S. Direct Lending Fund II ("Fund II"). Fund II will follow the same strategy as its predecessor fund, investing in established U.S. middle market businesses.

The syndication, led by Texas Capital Bank headquartered in Dallas, Texas, includes a number of other lenders with extensive backgrounds in lending within the telecommunications sector. The new credit facility will provide Strategic Wireless greater flexibility to capitalize on the growing number of infrastructure opportunities throughout the U.S.

KCP Advisory Group has been appointed by the Commonwealth of Massachusetts to provide the state’s long-term care facilities with on-site operational support and to assist with staffing, vendors, implementing infection control measures, and similar needs amid the COVID-19 crisis.

Katten announced today that two new partners have joined its Commercial Finance practice — Kirby Chin in New York and Brian Stern in Los Angeles — expanding a national team that works with many of the most active investors in the market, handles a wide range of US and cross-border financings and has overseen virtually every combination of deal variation, in all kinds of market environments.

TCI Business Capital is pleased to announce the hiring of Sheri Tischer as Vice President of Business Development – Staffing. Ms. Tischer brings to her role over 15 years of front-line staffing experience and has an authentic passion for the industry. She is responsible for developing staffing industry partnerships and driving sales of our payroll funding solutions throughout the nation.

Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has amended the company's Revolving Credit Facility into a facility of EUR 900 million and with a one-year extension of the maturity from June 2021 until June 2022.

Atalaya Capital Management, a private credit and special opportunities alternative investment manager, recently closed a $100 million senior secured revolving credit facility to CURO Group Holdings Corp. (“CURO”). The facility’s borrowing capacity may be increased up to $200 million over time.

Financial covenants on $400 million revolver amended to provide compliance relief due to impact from COVID-19 pandemic.

The agreed-upon provisions of the highly anticipated expansion of the popular Paycheck Protection Program were released this afternoon and will be voted on as soon as today in the Senate before moving on to the House later this week. The president has indicated he would sign the bill. The bill would extend an additional $310B in funding under the program, but falls short of making certain financial services firms including community banks and secured lenders eligible to borrow under the program – a move that SFNet has vigorously petitioned for. The detailed bill can be found here. SFNet will continue to advocate for these provisions as amendments to the measure and encourages its members to do the same.

Comptroller of the Currency Joseph M. Otting announced that Blake Paulson would become the agency's Chief National Bank Examiner at the end of the month. Mr. Paulson will add the title to his current role as Senior Deputy Comptroller for Midsize and Community Bank Supervision. In this role, Mr. Paulson oversees the supervision of more than 1,000 banks and savings associations that support consumers, communities, and businesses across the country.

J D Factors announced it provided the following factoring facilities: $75,000 to a transportation company in New Brunswick; $400,000 to a transportation company in Illinois; $350,000 to a transportation company in Manitoba; $250,000 to a transportation company in Indiana...

Stonebriar Commercial Finance announced the closing of a $20 million equipment lease facility with a leading provider of healthcare services. The company operates accredited hospitals and specialty care clinics in multiple states across the U.S. The lease facility was structured to support the construction and term lease of essential-use assets critical to operations of one of the lessee’s core hospital properties.

Brown Gibbons Lang & Company ("BGL") is pleased to announce the recapitalization of AIMS Companies ("AIMS") by Sterling Investment Partners ("Sterling") along with AIMS' founder and CEO, Chris Mihaletos, and its senior management team. Sterling is a leading middle market private equity firm focused on value-added business services and distribution investments.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Joseph Lombardo has joined the firm as Head of Private Equity General Partner Advisory, a new practice within the Financial Institutions Group and an addition to the firm’s suite of services for financial sponsor general partners.

Lazard Ltd (NYSE:LAZ) announced today that George Bilicic has rejoined the firm as a Vice Chairman, Investment Banking and as Global Head of Power, Energy & Infrastructure, effective immediately. Mr. Bilicic rejoins Lazard from Sempra Energy, where he most recently served as President and Chief Legal Officer.

Following temporary store closures, furloughs and cost management measures, a number of U.S.-based fashion and beauty retailers are now renegotiating their credit facilities in order to ensure continued liquidity during the Covid-19 crisis. On Thursday, announcements to this effect were made by Columbia, Nordstrom, Sally Beauty and Shoe Carnival.

Revamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including TPG, Hony Capital and Liberty Global; superior liquidity and a robust balance sheet including a $350 million JP Morgan-led credit facility

Portage Point Partners, LLC (Portage Point), an interim management and business advisory firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Darrick Martin has joined the firm to lead the West Coast Region.

On April 17, 2020, U.S. Concrete entered into a new $180 million delayed draw term loan facility provided by Bank of America, N.A., as Administrative Agent. The term loan facility’s flexible structure provides additional liquidity and allows the Company to draw incrementally on the facility if needed.