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Phoenix Management, a Part of J.S. Held Lending Survey Results Reveal Concern About Upcoming Presidential Election
March 27, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held. The first quarter survey results highlight concern about the outcome of the upcoming Presidential election and increased uncertainty surrounding the retail and construction industries.
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Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores
March 26, 2024Gordon Brothers, the global asset experts, has provided a $100 million exit facility commitment as Agent for Jo-Ann Stores LLC to support the U.S. arts and crafts specialty retailer’s restructuring and bolster the company’s liquidity. Gordon Brothers provided a first-in, last-out credit facility last year to help optimize Jo-Ann Stores’ balance sheet and drive free cash flow across the enterprise.
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters
March 26, 2024O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Corridor Capital in its acquisition of Association Headquarters, LLC ("Association HQ").
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Bastion Management Closes $60 Million Facility with HFD
March 26, 2024Bastion Management ("Bastion"), a private investment firm focused on asset-based lending in the specialty finance sector, announced today that it agented a senior debt investment of $35 million with accordions up to $60 million in Healthcare Finance Direct, LLC ("HFD") to refinance an existing senior lender and fund future growth of their healthcare focused consumer lending profile.
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MUFG Investor Services U.S. Launches Professional Services Group
March 26, 2024MUFG Investor Services U.S., the U.S. asset servicing arm of Mitsubishi UFJ Financial Group, today announced the launch of its professional services group. This move underscores the company's commitment to delivering unparalleled service and game-changing solutions to leading fund operators across the United States.
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Webster Announces CFO Transition
March 26, 2024Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced that after 13 years with the Company, Glenn MacInnes intends to retire from his role as Executive Vice President and Chief Financial Officer (“CFO”).
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Hilco Enterprise Valuation Services Welcomes Joseph Mevorah as Managing Director
March 26, 2024Hilco Enterprise Valuation Services (HEVS), a premier provider of valuation opinions for lenders, investment firms, advisors, and corporations, is thrilled to announce the appointment of Joseph Mevorah as Managing Director.
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Grant Thornton survey: M&A professionals prepare for deal volume increase
March 26, 2024A new survey from Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, shows that mergers and acquisitions (M&A) professionals are highly optimistic about the state of dealmaking.
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Wolters Kluwer Expert Provides Insights on Beneficial Ownership Reporting Requirements for Trusts
March 26, 2024Since the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) went into effect earlier this year, Wolters Kluwer CT Corporation has fielded a range of queries in light of the complexity surrounding trusts and the types of trusts that are required to file a BOI report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and, where a trust owns or controls a reporting company, who are the reporting company’s beneficial owners.
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SLR Healthcare ABL Provides Financing to Skilled Nursing Facility
March 26, 2024SLR Healthcare ABL provides $4MM asset-based revolving credit facility for a skilled nursing facility. The borrower is a Nevada-based provider of 24-hour skilled nursing, post-operative care, and specialized programs including orthopedic rehab, ventilator care, and wound management.
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Clear Channel Outdoor Holdings, Inc. Announces Clear Channel International B.V.'s New Term Loan Facility and Concurrent Redemption of Existing Secured Notes
March 25, 2024lear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") announced today that the Company's indirect, wholly owned subsidiary, Clear Channel International B.V. ("CCIBV"), entered into a credit agreement (the "CCIBV Credit Agreement") on March 22, 2024 (the "Closing Date") governing CCIBV's new term loan facility (the "CCIBV Term Loan Facility"). Under the agreement, JPMorgan Chase Bank, N.A. serves as administrative agent and collateral agent, and J.P. Morgan SE serves as lead arranger and bookrunner.
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AvAir Secures Major Expansion with Enhanced Credit Facility
March 25, 2024AvAir, a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
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BMO and Carlyle Partner to Launch a Private Equity Strategy for Canada
March 25, 2024BMO Global Asset Management (BMO GAM) today announced its third collaboration to broaden access to private markets for Canadian accredited investors. The new strategy, in partnership with Carlyle, will provide access to a global diversified private equity portfolio through a single fund, expected to be available this spring.
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Wolters Kluwer Expert Provides Onsights on Beneficial Ownership Reporting Requirements for Trusts
March 25, 2024Since the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) went into effect earlier this year, Wolters Kluwer CT Corporation has fielded a range of queries in light of the complexity surrounding trusts and the types of trusts that are required to file a BOI report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and, where a trust owns or controls a reporting company, who are the reporting company’s beneficial owners.
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SFNet New Member Spotlight: Tech Cargo
March 25, 2024Tech Cargo, leveraging its innovative technology and deep industry expertise, is redefining the landscape of cross-border trade finance for funders through its new product, Capital Waves. At the heart of Tech Cargo's mission is the commitment to simplifying and de-risking the process for funders aiming to support small and medium-sized enterprises (SMEs) engaged in international trade.
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Poised for Growth, Powerhouse Resources and Outage Solutions Turn to LSQ for Working Capital
March 25, 2024LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.
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Poised for Growth, Powerhouse Resources and Outage Solutions Turn to LSQ for Working Capital
March 25, 2024LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.
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Montfort Capital Announces New C$200 Million Credit Facility for Brightpath
March 25, 2024Montfort Capital Corporation, a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, today announced an up to C$200 million senior secured, revolving credit facility (the "Credit Facility") for its wholly-owned subsidiary Brightpath Capital Corporation ("Brightpath") from funds managed by Atalaya Capital Management LP ("Atalaya").
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Natixis Corporate & Investment Banking Leads $1.27Bn Construction Financing of Four Renewable Energy Projects for Invenergy
March 25, 2024Natixis CIB acted as Joint Lead Arranger, Co-Green Loan Coordinator and Joint Bookrunner. Natixis CIB was also the sole Documentation Agent and Administrative Agent across the four financings.
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Altera, An Alternative Asset Manager, Exceeds $400M In Committed Capital
March 25, 2024Altera, an alternative asset manager that capitalizes the lower middle market, announced that it has surpassed $400M of capital commitments across its flagship private equity strategies and thematic private investments. Since inception, the firm has backed over 35 GPs across private equity, real assets, and private credit.
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Phoenix Management, a Part of J.S. Held Lending Survey Results Reveal Concern About Upcoming Presidential Election
March 27, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held. The first quarter survey results highlight concern about the outcome of the upcoming Presidential election and increased uncertainty surrounding the retail and construction industries.
-
Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores
March 26, 2024Gordon Brothers, the global asset experts, has provided a $100 million exit facility commitment as Agent for Jo-Ann Stores LLC to support the U.S. arts and crafts specialty retailer’s restructuring and bolster the company’s liquidity. Gordon Brothers provided a first-in, last-out credit facility last year to help optimize Jo-Ann Stores’ balance sheet and drive free cash flow across the enterprise.
-
O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters
March 26, 2024O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Corridor Capital in its acquisition of Association Headquarters, LLC ("Association HQ").
-
Bastion Management Closes $60 Million Facility with HFD
March 26, 2024Bastion Management ("Bastion"), a private investment firm focused on asset-based lending in the specialty finance sector, announced today that it agented a senior debt investment of $35 million with accordions up to $60 million in Healthcare Finance Direct, LLC ("HFD") to refinance an existing senior lender and fund future growth of their healthcare focused consumer lending profile.
-
MUFG Investor Services U.S. Launches Professional Services Group
March 26, 2024MUFG Investor Services U.S., the U.S. asset servicing arm of Mitsubishi UFJ Financial Group, today announced the launch of its professional services group. This move underscores the company's commitment to delivering unparalleled service and game-changing solutions to leading fund operators across the United States.
-
Webster Announces CFO Transition
March 26, 2024Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced that after 13 years with the Company, Glenn MacInnes intends to retire from his role as Executive Vice President and Chief Financial Officer (“CFO”).
-
Hilco Enterprise Valuation Services Welcomes Joseph Mevorah as Managing Director
March 26, 2024Hilco Enterprise Valuation Services (HEVS), a premier provider of valuation opinions for lenders, investment firms, advisors, and corporations, is thrilled to announce the appointment of Joseph Mevorah as Managing Director.
-
Grant Thornton survey: M&A professionals prepare for deal volume increase
March 26, 2024A new survey from Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, shows that mergers and acquisitions (M&A) professionals are highly optimistic about the state of dealmaking.
-
Wolters Kluwer Expert Provides Insights on Beneficial Ownership Reporting Requirements for Trusts
March 26, 2024Since the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) went into effect earlier this year, Wolters Kluwer CT Corporation has fielded a range of queries in light of the complexity surrounding trusts and the types of trusts that are required to file a BOI report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and, where a trust owns or controls a reporting company, who are the reporting company’s beneficial owners.
-
SLR Healthcare ABL Provides Financing to Skilled Nursing Facility
March 26, 2024SLR Healthcare ABL provides $4MM asset-based revolving credit facility for a skilled nursing facility. The borrower is a Nevada-based provider of 24-hour skilled nursing, post-operative care, and specialized programs including orthopedic rehab, ventilator care, and wound management.
-
Clear Channel Outdoor Holdings, Inc. Announces Clear Channel International B.V.'s New Term Loan Facility and Concurrent Redemption of Existing Secured Notes
March 25, 2024lear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") announced today that the Company's indirect, wholly owned subsidiary, Clear Channel International B.V. ("CCIBV"), entered into a credit agreement (the "CCIBV Credit Agreement") on March 22, 2024 (the "Closing Date") governing CCIBV's new term loan facility (the "CCIBV Term Loan Facility"). Under the agreement, JPMorgan Chase Bank, N.A. serves as administrative agent and collateral agent, and J.P. Morgan SE serves as lead arranger and bookrunner.
-
AvAir Secures Major Expansion with Enhanced Credit Facility
March 25, 2024AvAir, a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
-
BMO and Carlyle Partner to Launch a Private Equity Strategy for Canada
March 25, 2024BMO Global Asset Management (BMO GAM) today announced its third collaboration to broaden access to private markets for Canadian accredited investors. The new strategy, in partnership with Carlyle, will provide access to a global diversified private equity portfolio through a single fund, expected to be available this spring.
-
Wolters Kluwer Expert Provides Onsights on Beneficial Ownership Reporting Requirements for Trusts
March 25, 2024Since the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) went into effect earlier this year, Wolters Kluwer CT Corporation has fielded a range of queries in light of the complexity surrounding trusts and the types of trusts that are required to file a BOI report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and, where a trust owns or controls a reporting company, who are the reporting company’s beneficial owners.
-
SFNet New Member Spotlight: Tech Cargo
March 25, 2024Tech Cargo, leveraging its innovative technology and deep industry expertise, is redefining the landscape of cross-border trade finance for funders through its new product, Capital Waves. At the heart of Tech Cargo's mission is the commitment to simplifying and de-risking the process for funders aiming to support small and medium-sized enterprises (SMEs) engaged in international trade.
-
Poised for Growth, Powerhouse Resources and Outage Solutions Turn to LSQ for Working Capital
March 25, 2024LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.
-
Poised for Growth, Powerhouse Resources and Outage Solutions Turn to LSQ for Working Capital
March 25, 2024LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.
-
Montfort Capital Announces New C$200 Million Credit Facility for Brightpath
March 25, 2024Montfort Capital Corporation, a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, today announced an up to C$200 million senior secured, revolving credit facility (the "Credit Facility") for its wholly-owned subsidiary Brightpath Capital Corporation ("Brightpath") from funds managed by Atalaya Capital Management LP ("Atalaya").
-
Natixis Corporate & Investment Banking Leads $1.27Bn Construction Financing of Four Renewable Energy Projects for Invenergy
March 25, 2024Natixis CIB acted as Joint Lead Arranger, Co-Green Loan Coordinator and Joint Bookrunner. Natixis CIB was also the sole Documentation Agent and Administrative Agent across the four financings.
-
Altera, An Alternative Asset Manager, Exceeds $400M In Committed Capital
March 25, 2024Altera, an alternative asset manager that capitalizes the lower middle market, announced that it has surpassed $400M of capital commitments across its flagship private equity strategies and thematic private investments. Since inception, the firm has backed over 35 GPs across private equity, real assets, and private credit.