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  • TAQA secures US$3.5 billion revolving credit facility
    December 23, 2019
    Abu Dhabi National Energy Company, TAQA, announced today that it has secured a US$3.5 billion revolving credit facility.
  • Encina Business Credit Provides $15 Million Facility to a Coal Company
    December 19, 2019
    Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured credit facility to a coal mining company. The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will be used to support working capital and maintenance capex.
  • Bolanos Joins Triumph Business Capital to Head Up Client Experience Team
    December 19, 2019
    Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small- and medium-sized businesses, announced today the hiring of Moises Bolanos as Senior Vice President of Client Experience. Bolanos joins Triumph after nearly four years in a similar role at eCapital, a freight factoring company based in Southern California.
  • Pinnacle Financial Partners Announces De Novo Start in Atlanta With Rob Garcia as Market President
    December 19, 2019
    Cobb County stalwart Rob Garcia joins Pinnacle as the firm’s Atlanta president. Garcia will immediately begin building a team of experienced financial professionals to serve commercial, small business and personal clients. The process is underway to identify a location for the first Pinnacle office in Georgia.
  • NN, Inc. Announces Extension of Senior Credit Facilities and Credit Agreement Amendment
    December 19, 2019
    SunTrust Robinson Humphrey, KeyBank and JP Morgan served as joint lead arrangers on the transaction.
  • Jupiter Receives Additional Extension to Credit Facility
    December 19, 2019
    Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until January 15, 2020.
  • Alamos Gold Announces Increase in Credit Facility to US$500 Million
    December 19, 2019
    The amended Facility was joint-led by the Bank of Nova Scotia, BMO Capital Markets, and TD Securities. Additionally, the syndicate includes the Canadian Imperial Bank of Commerce, National Bank of Canada, and ING Capital LLC.
  • Vivint Solar Enters Into New Credit Facility
    December 19, 2019
    Vivint Solar announced it closed a $200 million revolving asset-based loan facility. The facility will help fund the company's continued growth in 2020 and beyond by allowing Vivint Solar to finance the purchase of safe harbor equipment and receive attractive advance rates on projects throughout the development life cycle. The lenders include affiliates of Bank of America Securities and Credit Suisse.
  • BRP Group, Inc. Upsizes Senior Revolving Credit Facility to $225 Million, Improves Cost of Capital by 150 Basis Points
    December 19, 2019
    JPMorgan acted as sole bookrunner and lead arranger and will serve as administrative agent and lender under the revolving credit facility, while Wells Fargo, Bank of America, Cadence Bank and Wintrust Financial will serve as additional lenders.
  • Grabit™ Inc. Enters into Restructuring Support Agreement
    December 19, 2019
    BPG, through its financing subsidiary, BPG International Finance Co. LLC, provided a senior secured loan to Grabit in June 2018. The purpose of the loan was to help advance electro-adhesion technologies for customers of both Grabit and BPG.
  • Faegre Baker Daniels and Drinker Biddle & Reath to Combine, Creating a Top 50 Law Firm
    December 18, 2019
    Faegre Baker Daniels and Drinker Biddle & Reath announced the combination of their law firms, following an affirmative vote by the partnerships of both organizations. The combined firm will begin operations as Faegre Drinker Biddle & Reath (Faegre Drinker) on Feb. 1, 2020. Designed for clients, Faegre Drinker will have more than 1,300 attorneys and consultants and 22 offices worldwide.
  • Ropes & Gray Continues to Grow Private Equity Platform in Chicago
    December 18, 2019
    Global law firm Ropes & Gray announced today that Martin Q. “Marty” Ruhaak has joined the firm in Chicago as a partner in the firm’s preeminent private equity transactions practice group.
  • Betty Hernandez of North Mill Capital LLC Elected To Secured Finance Network Executive Committee
    December 18, 2019
    Betty Hernandez, Executive Vice President and CCO of North Mill Capital had been appointed to the Executive Committee of Secured Finance Network (SFNet), an international trade association for organizations and professionals who deliver and enable secured financing. The $4.1 trillion secured finance industry provides seven major types of financing to businesses: asset-based lending, factoring, supply chain finance, equipment finance and leasing, leveraged lending, cash flow lending, and securitization.
  • High Ridge Brands Announces Sales Process
    December 18, 2019
    Files Voluntary Chapter 11 Petitions to Facilitate Transaction; Currently Engaged in Active Discussions with Interested Bidders; Secures Commitment of Approximately $20 Million in Debtor-in-Possession Financing. High Ridge Brands has a portfolio of over thirteen trusted brands, serving primarily North American skin cleansing, hair care and oral care markets, including Zest®, Alberto VO5®, REACH®, Firefly®, Dr. Fresh®, Coast®, White Rain®, LA Looks®, Zero Frizz®, Rave®, Salon Grafix®, Binaca® and Thicker Fuller Hair®.
  • Omni-Lite Industries Announces Successful Refinancing of Its Senior Bank Credit Facility
    December 18, 2019
    Omni-Lite Industries Canada, Inc. (the “Company” or “Omni-Lite Industries”) (TSXV: OML; OTCQX: OLNCF) is pleased to announce today the successful refinancing of its current US$700,000 senior bank credit facility with the entering of a new three-year, US$3.0 million revolving line of credit facility with City National Bank, an RBC Company
  • ING Leads $402 Million Financing of Market Center in San Francisco for Paramount Group Capping a Record Year of Origination Activity in 2019
    December 17, 2019
    ING Capital LLC ("ING") has closed a $402 million financing for Paramount Group, Inc. (NYSE: PGRE) ("Paramount") to fund their acquisition of Market Center, a two- building, 753,000 square foot, Class A office complex located at 555 and 575 Market Street in San Francisco's Financial District. ING acted is the Administrative Agent and Sole Lead Arranger and plans to syndicate the loan in early 2020.
  • Andrew Gordon-Seifert Joins Cleveland Office of McDonald Hopkins as Intellectual Property Associate
    December 17, 2019
    Gordon-Seifert will work with McDonald Hopkins clients on intellectual property litigation matters. The Ohio State University alum spent the last four years at the Akron office of a Columbus, Ohio-based firm, where he handled commercial and antitrust litigation, as well as matters involving trademark, trade secret and copyright issues.
  • Smart Sand, Inc. Announces Long-Term Debt Refinancing Under Combination Equipment Financing and Credit Facility
    December 17, 2019
    Smart Sand, Inc. (NASDAQ: SND) (the “Company”) announced today that it has refinanced its existing Credit Facility into a combination 5-year equipment financing (“Oakdale Equipment Financing”) and a 5-year senior secured asset-based lending credit facility (“ABL Credit Facility”).
  • Cinesite Announces New Investment and Financing of US$112 Million to Enable the Group to Execute its Five-year Strategy
    December 17, 2019
    Cinesite announced today it has secured investment from Gryphion Capital Investments along with new banking facilities from Barclays and NatWest which amount to US$112m. Working together Barclays and NatWest will initially provide Cinesite with up to US$52 million for general funding and revolving credit facilities. The independent studio group has a further US$20m in future flexible facilities to deal with acquisition or expansion. In parallel, Gryphion Capital Investments has taken a minority equity position in the company which will further support Cinesite’s strategy for growth.
  • TCF Financial Corporation Announces Transition Plan for Chief Financial Officer
    December 17, 2019
    TCF Financial Corporation (TCF) (NASDAQ: TCF) today announced that Dennis Klaeser will step down from his role as chief financial officer on October 1, 2020. At that time, Brian Maass, deputy chief financial officer and treasurer, will assume the role of chief financial officer and will report directly to Craig Dahl, president and chief executive officer.
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