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Oportun Announces Next Step to Optimize Capital Structure and Drive Improved Profitability
October 30, 2024Oportun (Nasdaq: OPRT) ("Oportun", or the "Company"), a mission-driven financial services company, announced today another important step in its plans to optimize the Company’s capital structure and drive improved profitability. Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Term Loan (“Term Loan”).
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eCapital Secures $100 Million Junior Capital Facility Increase from Ares Management, Amplifying Strategic Growth
October 30, 2024eCapital Corp. (“eCapital”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., has closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds (“Ares”), bringing the total facility size to in excess of $330 million.
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RelPro Partners with CRB Monitor to Add Cannabis Industry Data
October 30, 2024RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, announced today its latest partnership with CRB Monitor, introducing cannabis-related business insights as the latest data addition to the RelPro platform.
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First Citizens Bank Offering Tax Equity Investments in Renewable Energy Projects
October 30, 2024First Citizens Bank today announced that its Energy Finance business is introducing a new tax equity investment product to help finance renewable energy projects.
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LBC Capital and Northpoint Commercial Finance Brands Merge
October 30, 2024Laurentian Bank (TSX: LB) is proud to announce its LBC Capital and Northpoint Commercial Finance (Northpoint) subsidiaries are uniting under one brand, Northpoint Commercial Finance, as of November 1, 2024. The merging of these two brands is a natural and anticipated evolution of this business, allowing for streamlined efficiencies and offerings for its customers throughout North America.
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o15 Capital Partners Provides Financing for Pediatric Dental Services Company
October 30, 2024o15 Capital Partners ("o15"), through its o15 Emerging America Credit Opportunities ("EACO") fund, is pleased to announce it has provided incremental debt financing and an equity co-investment totaling $25 million to a dental services organization ("DSO") primarily serving pediatric Medicaid patients (the "Company") to provide runway for future growth.
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Blackstone Closes First Series of Evergreen Institutional U.S. Direct Lending Fund with $22 Billion of Investable Capital
October 30, 2024Blackstone today announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding our $10 billion target.
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Allied Credit Selects Solifi’s End-to-End Automotive Lease Solution
October 30, 2024Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the company’s Open Finance Platform SaaS solutions in support of its Automotive novated lease offering.
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RYAM Raises $700 Million of Debt to Refinance its Capital Structure
October 29, 2024Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company” or “RYAM”), the global leader in High Purity Cellulose, announced it has raised $700 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P., as lead lender, as well as certain affiliates and managed funds of Silver Point Capital, L.P. and Blue Torch Capital LLC.
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Patrick Closes on $500M Offering; Secures $1B Credit Facility
October 29, 2024Patrick Industries, Inc. (NASDAQ: PATK) announced the closing on Oct. 22 of its previously announced private offering of $500 million aggregate principal amount of 6.375% Senior Notes due 2032, at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933.
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MMP Capital Closes $20.0 Million Investment-Grade Corporate Note Financing
October 29, 2024MMP Capital, LLC (MMP), an independent equipment leasing company, announced the recent closing of a $20.0 million investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth, primarily by funding new originations.
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King Trade Capital Provides a Seasonal $2.5MM PO Finance Facility
October 29, 2024King Trade Capital is pleased to announce the completion of a $2.5MM purchase order finance facility for a returning client in support of their seasonal sales needs. An old client that KTC has financed in several different businesses, contacted King Trade Capital to help provide a PO finance solution in support of their growing holiday sales.
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Winston & Strawn LLP Advises in a Landmark Telecom Transaction Across Central America
October 29, 2024Winston & Strawn LLP advised Millicom International Cellular S.A. (Millicom) in an agreement with SBA Communications Corporation (SBA Communications) to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador, and Nicaragua for approximately US$975 million.
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Gridiron Capital Recognized as a Top Founder-Friendly Investor
October 29, 2024Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced it has been named to Inc. Magazine’s 2024 List of Founder-Friendly Investors. Inc. recognizes investors that believe in backing founder-led businesses and have successful track records of collaboration and remaining actively involved with the businesses they invest in.
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5C Investment Partners Commences Investment Activity with $1.6 Billion
October 29, 20245C Investment Partners ("5C"), an alternative investment firm focused on private credit, today announced the commencement of investing activity as part of their senior direct lending platform. 5C will begin investing with $1.6 billion of available capital, which represents equity commitments, target leverage, and a co-investment program.
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Greystone Arranges $35.2 Million Debt Placement to Finance Texas Multifamily Acquisition
October 29, 2024Greystone, a leading national commercial real estate finance company, announced it has arranged $35.2 million in financing for the acquisition of a multifamily community in College Station, TX. The transaction was sourced on behalf of Partin Development by Eric Rosenstock, Senior Managing Director at Greystone, with Greystone’s Thomas Wayda, Managing Director, and Dante DiStefano, Associate, handling the debt placement.
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Bunker Hill Mining Receives Letter of Intent for Up to $150m in Potential Low-Cost Funding From EXIM Bank
October 29, 2024Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSXV:BNKR | OTCQX:BHLL) is pleased to announce that it has received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”) for a debt funding package of up to $150M with a loan term of up to 15 years.
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EisnerAmper Joins United Nations Global Compact
October 29, 2024Continuing our commitment to responsible business practices, collaboration, and innovation, EisnerAmper is proud to announce that it has signed on to the United Nations Global Compact (“UNGC”). With a mission to advance societal and environmental goals, our participation aligns with our culture and commitment to our colleagues, clients, and the communities in which we live and work.
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Linedata Expands Linedata Ekip360 Asset Finance Platform to the U.S. Market
October 29, 2024Linedata, (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced today the U.S. launch of Linedata Ekip360, a complete, end-to-end asset finance platform. Currently in use by global equipment and auto manufacturers and banks in over 20 countries worldwide including Mexico and Canada, Linedata Ekip360 is now available to U.S. companies seeking a solution that grows their business, enhances efficiency, and improves profitability.
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WSFS Bank Announces Promotion of James J. Wechsler to Executive Vice President, Chief Commercial Banking Officer
October 29, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that James (Jim) Wechsler has been named Executive Vice President, Chief Commercial Banking Officer, effective January 1, 2025.
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Oportun Announces Next Step to Optimize Capital Structure and Drive Improved Profitability
October 30, 2024Oportun (Nasdaq: OPRT) ("Oportun", or the "Company"), a mission-driven financial services company, announced today another important step in its plans to optimize the Company’s capital structure and drive improved profitability. Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Term Loan (“Term Loan”).
-
eCapital Secures $100 Million Junior Capital Facility Increase from Ares Management, Amplifying Strategic Growth
October 30, 2024eCapital Corp. (“eCapital”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., has closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds (“Ares”), bringing the total facility size to in excess of $330 million.
-
RelPro Partners with CRB Monitor to Add Cannabis Industry Data
October 30, 2024RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, announced today its latest partnership with CRB Monitor, introducing cannabis-related business insights as the latest data addition to the RelPro platform.
-
First Citizens Bank Offering Tax Equity Investments in Renewable Energy Projects
October 30, 2024First Citizens Bank today announced that its Energy Finance business is introducing a new tax equity investment product to help finance renewable energy projects.
-
LBC Capital and Northpoint Commercial Finance Brands Merge
October 30, 2024Laurentian Bank (TSX: LB) is proud to announce its LBC Capital and Northpoint Commercial Finance (Northpoint) subsidiaries are uniting under one brand, Northpoint Commercial Finance, as of November 1, 2024. The merging of these two brands is a natural and anticipated evolution of this business, allowing for streamlined efficiencies and offerings for its customers throughout North America.
-
o15 Capital Partners Provides Financing for Pediatric Dental Services Company
October 30, 2024o15 Capital Partners ("o15"), through its o15 Emerging America Credit Opportunities ("EACO") fund, is pleased to announce it has provided incremental debt financing and an equity co-investment totaling $25 million to a dental services organization ("DSO") primarily serving pediatric Medicaid patients (the "Company") to provide runway for future growth.
-
Blackstone Closes First Series of Evergreen Institutional U.S. Direct Lending Fund with $22 Billion of Investable Capital
October 30, 2024Blackstone today announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding our $10 billion target.
-
Allied Credit Selects Solifi’s End-to-End Automotive Lease Solution
October 30, 2024Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the company’s Open Finance Platform SaaS solutions in support of its Automotive novated lease offering.
-
RYAM Raises $700 Million of Debt to Refinance its Capital Structure
October 29, 2024Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company” or “RYAM”), the global leader in High Purity Cellulose, announced it has raised $700 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P., as lead lender, as well as certain affiliates and managed funds of Silver Point Capital, L.P. and Blue Torch Capital LLC.
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Patrick Closes on $500M Offering; Secures $1B Credit Facility
October 29, 2024Patrick Industries, Inc. (NASDAQ: PATK) announced the closing on Oct. 22 of its previously announced private offering of $500 million aggregate principal amount of 6.375% Senior Notes due 2032, at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933.
-
MMP Capital Closes $20.0 Million Investment-Grade Corporate Note Financing
October 29, 2024MMP Capital, LLC (MMP), an independent equipment leasing company, announced the recent closing of a $20.0 million investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth, primarily by funding new originations.
-
King Trade Capital Provides a Seasonal $2.5MM PO Finance Facility
October 29, 2024King Trade Capital is pleased to announce the completion of a $2.5MM purchase order finance facility for a returning client in support of their seasonal sales needs. An old client that KTC has financed in several different businesses, contacted King Trade Capital to help provide a PO finance solution in support of their growing holiday sales.
-
Winston & Strawn LLP Advises in a Landmark Telecom Transaction Across Central America
October 29, 2024Winston & Strawn LLP advised Millicom International Cellular S.A. (Millicom) in an agreement with SBA Communications Corporation (SBA Communications) to sell and leaseback a tower portfolio of approximately 7,000 towers in Guatemala, Honduras, Panama, El Salvador, and Nicaragua for approximately US$975 million.
-
Gridiron Capital Recognized as a Top Founder-Friendly Investor
October 29, 2024Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced it has been named to Inc. Magazine’s 2024 List of Founder-Friendly Investors. Inc. recognizes investors that believe in backing founder-led businesses and have successful track records of collaboration and remaining actively involved with the businesses they invest in.
-
5C Investment Partners Commences Investment Activity with $1.6 Billion
October 29, 20245C Investment Partners ("5C"), an alternative investment firm focused on private credit, today announced the commencement of investing activity as part of their senior direct lending platform. 5C will begin investing with $1.6 billion of available capital, which represents equity commitments, target leverage, and a co-investment program.
-
Greystone Arranges $35.2 Million Debt Placement to Finance Texas Multifamily Acquisition
October 29, 2024Greystone, a leading national commercial real estate finance company, announced it has arranged $35.2 million in financing for the acquisition of a multifamily community in College Station, TX. The transaction was sourced on behalf of Partin Development by Eric Rosenstock, Senior Managing Director at Greystone, with Greystone’s Thomas Wayda, Managing Director, and Dante DiStefano, Associate, handling the debt placement.
-
Bunker Hill Mining Receives Letter of Intent for Up to $150m in Potential Low-Cost Funding From EXIM Bank
October 29, 2024Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSXV:BNKR | OTCQX:BHLL) is pleased to announce that it has received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”) for a debt funding package of up to $150M with a loan term of up to 15 years.
-
EisnerAmper Joins United Nations Global Compact
October 29, 2024Continuing our commitment to responsible business practices, collaboration, and innovation, EisnerAmper is proud to announce that it has signed on to the United Nations Global Compact (“UNGC”). With a mission to advance societal and environmental goals, our participation aligns with our culture and commitment to our colleagues, clients, and the communities in which we live and work.
-
Linedata Expands Linedata Ekip360 Asset Finance Platform to the U.S. Market
October 29, 2024Linedata, (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced today the U.S. launch of Linedata Ekip360, a complete, end-to-end asset finance platform. Currently in use by global equipment and auto manufacturers and banks in over 20 countries worldwide including Mexico and Canada, Linedata Ekip360 is now available to U.S. companies seeking a solution that grows their business, enhances efficiency, and improves profitability.
-
WSFS Bank Announces Promotion of James J. Wechsler to Executive Vice President, Chief Commercial Banking Officer
October 29, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that James (Jim) Wechsler has been named Executive Vice President, Chief Commercial Banking Officer, effective January 1, 2025.