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Apollo Closes Second Vintage Large Cap Direct Lending Fund with $4.8 Billion of Assets
October 16, 2024Apollo (NYSE: APO) today announced that it has closed Apollo Origination Partnership Fund II (“AOP II” or “Fund II”) with approximately $4.8 billion of investable assets1. This brings total assets raised for the Apollo Large Cap Direct Lending business to approximately $13.3 billion in just over 12 months, inclusive of the Fund II close and other product formats providing access to Apollo’s direct lending franchise.
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Abacus Finance Provides Senior Debt Financing to Support Achieve Partners’ Leveraged Buyout of Ascend Partners
October 16, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support Achieve Partners in its leveraged buyout of Ascend Partners.
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CECO Environmental Upsizes Credit Facility to $400 Million
October 15, 2024CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, has announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility.
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WOW! Closes on $200 Million New Senior Term Loan
October 15, 2024WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, today announced WideOpenWest Finance, LLC, a subsidiary of WOW!, has closed on a new super-priority credit agreement consisting of a new Senior Term Loan in an aggregate principal amount of $200 million, with a group of existing lenders.
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Orla Mining Repays Revolving Credit Facility to Achieve Debt-Free Status
October 15, 2024Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the "Credit Facility") totalling $58.4 million.
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AlixPartners Welcomes New Partner & Managing Director, Michael Glaschke
October 15, 2024AlixPartners, the global consulting firm, is pleased to announce the appointment of Michael Glaschke as a Partner & Managing Director. Michael brings more than 20 years of experience advising clients in Europe across the chemicals, energy, basic materials, and automotive industries, among others.
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Wintrust Business Credit Closes ABL Line of Credit for Dairy Products Manufacturer, SmithFoods
October 15, 2024Wintrust Business Credit closed an asset-based lending (ABL) line of credit for SmithFoods, a Midwest-based manufacturer of dairy products. After a divestiture that reshaped the company’s focus, SmithFoods was looking for the right banking partner as it faces meaningful growth in some of its core product lines.
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Renowned Motor Vehicle Finance Partner Ingrid McClintock Joins Holland & Knight’s Financial Services Group in Charlotte
October 15, 2024Holland & Knight is pleased to welcome Ingrid McClintock as a financial services partner in Charlotte. Most recently, Ms. McClintock was a partner at McGuireWoods.
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MidCap Business Credit LLC Completes $7.5 Million Asset-Based Line of Credit to Food Importer and Distributor
October 15, 2024MidCap Business Credit LLC announced today that it has completed a $7.5 Million asset-based line of credit to a food importer and distributor located in the Northeast. The revolver is supported by advances against accounts receivable and inventory.
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WhiteHorse Capital Provides New Credit Facility to Westinghouse
October 15, 2024WhiteHorse Capital is pleased to announce that it has provided a new First Lien Credit Facility to Westinghouse Electric & Manufacturing Company, LLC (“Westinghouse”), with proceeds used to support the acquisition of Midwest Equipment Sales, LLC (“MWE”), one of its largest licensees, as well as to refinance existing debt and pay related transaction expenses.
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Comvest Credit Partners Upsizes and Amends Senior Credit Facility for Purchasing Power to Support Growth
October 15, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on an upsized $218 million senior secured credit facility (the “Financing”) for Purchasing Power, an Atlanta-based provider of voluntary employee benefits.
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Citizens JMP Advises Trinisys on its acquisition by Harmony Healthcare IT
October 15, 2024Citizens JMP announced today that it served as the exclusive financial advisor to Trinisys, LLC on its sale to Harmony Healthcare IT, a sponsor-backed healthcare data management company. Harmony is a portfolio company of Canadian-based Novacap, a C$8 billion AUM North American private equity investor.
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SoFi Expands Loan Platform Business with $2 Billion Agreement with Fortress Investment Group
October 15, 2024SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”).
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Barings Leads Debt Financing for AEA Investors’ Recapitalization of Connexus Resource Group
October 15, 2024Barings, one of the world’s leading investment managers, today announced that it has served as lead agent, arranger, and bookrunner on a debt financing to support AEA Investors’ (“AEA”) recapitalization of Connexus Resource Group (“Connexus”).
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Gordon Brothers Partners with NetBid to Sell Stellantis Engine Plant and Machinery
October 15, 2024Gordon Brothers, the global asset experts, has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska, Sp. z.o.o.
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T-MAX Lending LLC Provides $45 Million Loan for Renovation of 226-Unit Apartment Tower in New Orleans, LA
October 15, 2024T-MAX Lending LLC, based in San Diego, CA, has extended $45 million in financing to support the renovation of a 226-unit apartment tower in New Orleans. The loan was provided to an entity owned by Brian Pulisic, a borrower with extensive experience in value-add projects in the area.
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SFNet New Member Spotlight: KORE Capital Corporation
October 14, 2024KORE Capital Corporation assists entrepreneurs, who sell to the government or large corporations, scale their enterprise by providing short term working capital solutions in the form of factoring and asset-based lending.
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Avolon Reprices and Extends US$2.3 Billion Term Loan B Facility
October 14, 2024Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the repricing and extension of its US$2.33 billion senior secured Term Loan B-6 facility (the ‘Facility’)
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Second Avenue Capital Partners Agents a $120,000,000 Revolving Credit Facility to Support IQVentures Acquisition of The Aaron’s Company
October 14, 2024Schottenstein affiliate Second Avenue Capital Partners (“SACP”) announced it is serving as Administrative Agent on a $120,000,000 Senior Secured Revolving Line of Credit for The Aaron’s Company, Inc. (“Aaron’s” or “the Company”), an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.
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Maxim Commercial Capital Fills Capital Void in Q3 2024
October 14, 2024Maxim Commercial Capital (“Maxim”) reported robust results for the third quarter of 2024, funding nearly 80% more transactions than during Q3 2023. Despite a slow freight market, hurricane damage in the southeast, and the upcoming election, Maxim experienced a steady flow of applications from equipment vendors and finance brokers.
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Apollo Closes Second Vintage Large Cap Direct Lending Fund with $4.8 Billion of Assets
October 16, 2024Apollo (NYSE: APO) today announced that it has closed Apollo Origination Partnership Fund II (“AOP II” or “Fund II”) with approximately $4.8 billion of investable assets1. This brings total assets raised for the Apollo Large Cap Direct Lending business to approximately $13.3 billion in just over 12 months, inclusive of the Fund II close and other product formats providing access to Apollo’s direct lending franchise.
-
Abacus Finance Provides Senior Debt Financing to Support Achieve Partners’ Leveraged Buyout of Ascend Partners
October 16, 2024Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support Achieve Partners in its leveraged buyout of Ascend Partners.
-
CECO Environmental Upsizes Credit Facility to $400 Million
October 15, 2024CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, has announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility.
-
WOW! Closes on $200 Million New Senior Term Loan
October 15, 2024WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, today announced WideOpenWest Finance, LLC, a subsidiary of WOW!, has closed on a new super-priority credit agreement consisting of a new Senior Term Loan in an aggregate principal amount of $200 million, with a group of existing lenders.
-
Orla Mining Repays Revolving Credit Facility to Achieve Debt-Free Status
October 15, 2024Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the "Credit Facility") totalling $58.4 million.
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AlixPartners Welcomes New Partner & Managing Director, Michael Glaschke
October 15, 2024AlixPartners, the global consulting firm, is pleased to announce the appointment of Michael Glaschke as a Partner & Managing Director. Michael brings more than 20 years of experience advising clients in Europe across the chemicals, energy, basic materials, and automotive industries, among others.
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Wintrust Business Credit Closes ABL Line of Credit for Dairy Products Manufacturer, SmithFoods
October 15, 2024Wintrust Business Credit closed an asset-based lending (ABL) line of credit for SmithFoods, a Midwest-based manufacturer of dairy products. After a divestiture that reshaped the company’s focus, SmithFoods was looking for the right banking partner as it faces meaningful growth in some of its core product lines.
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Renowned Motor Vehicle Finance Partner Ingrid McClintock Joins Holland & Knight’s Financial Services Group in Charlotte
October 15, 2024Holland & Knight is pleased to welcome Ingrid McClintock as a financial services partner in Charlotte. Most recently, Ms. McClintock was a partner at McGuireWoods.
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MidCap Business Credit LLC Completes $7.5 Million Asset-Based Line of Credit to Food Importer and Distributor
October 15, 2024MidCap Business Credit LLC announced today that it has completed a $7.5 Million asset-based line of credit to a food importer and distributor located in the Northeast. The revolver is supported by advances against accounts receivable and inventory.
-
WhiteHorse Capital Provides New Credit Facility to Westinghouse
October 15, 2024WhiteHorse Capital is pleased to announce that it has provided a new First Lien Credit Facility to Westinghouse Electric & Manufacturing Company, LLC (“Westinghouse”), with proceeds used to support the acquisition of Midwest Equipment Sales, LLC (“MWE”), one of its largest licensees, as well as to refinance existing debt and pay related transaction expenses.
-
Comvest Credit Partners Upsizes and Amends Senior Credit Facility for Purchasing Power to Support Growth
October 15, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on an upsized $218 million senior secured credit facility (the “Financing”) for Purchasing Power, an Atlanta-based provider of voluntary employee benefits.
-
Citizens JMP Advises Trinisys on its acquisition by Harmony Healthcare IT
October 15, 2024Citizens JMP announced today that it served as the exclusive financial advisor to Trinisys, LLC on its sale to Harmony Healthcare IT, a sponsor-backed healthcare data management company. Harmony is a portfolio company of Canadian-based Novacap, a C$8 billion AUM North American private equity investor.
-
SoFi Expands Loan Platform Business with $2 Billion Agreement with Fortress Investment Group
October 15, 2024SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”).
-
Barings Leads Debt Financing for AEA Investors’ Recapitalization of Connexus Resource Group
October 15, 2024Barings, one of the world’s leading investment managers, today announced that it has served as lead agent, arranger, and bookrunner on a debt financing to support AEA Investors’ (“AEA”) recapitalization of Connexus Resource Group (“Connexus”).
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Gordon Brothers Partners with NetBid to Sell Stellantis Engine Plant and Machinery
October 15, 2024Gordon Brothers, the global asset experts, has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska, Sp. z.o.o.
-
T-MAX Lending LLC Provides $45 Million Loan for Renovation of 226-Unit Apartment Tower in New Orleans, LA
October 15, 2024T-MAX Lending LLC, based in San Diego, CA, has extended $45 million in financing to support the renovation of a 226-unit apartment tower in New Orleans. The loan was provided to an entity owned by Brian Pulisic, a borrower with extensive experience in value-add projects in the area.
-
SFNet New Member Spotlight: KORE Capital Corporation
October 14, 2024KORE Capital Corporation assists entrepreneurs, who sell to the government or large corporations, scale their enterprise by providing short term working capital solutions in the form of factoring and asset-based lending.
-
Avolon Reprices and Extends US$2.3 Billion Term Loan B Facility
October 14, 2024Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the repricing and extension of its US$2.33 billion senior secured Term Loan B-6 facility (the ‘Facility’)
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Second Avenue Capital Partners Agents a $120,000,000 Revolving Credit Facility to Support IQVentures Acquisition of The Aaron’s Company
October 14, 2024Schottenstein affiliate Second Avenue Capital Partners (“SACP”) announced it is serving as Administrative Agent on a $120,000,000 Senior Secured Revolving Line of Credit for The Aaron’s Company, Inc. (“Aaron’s” or “the Company”), an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.
-
Maxim Commercial Capital Fills Capital Void in Q3 2024
October 14, 2024Maxim Commercial Capital (“Maxim”) reported robust results for the third quarter of 2024, funding nearly 80% more transactions than during Q3 2023. Despite a slow freight market, hurricane damage in the southeast, and the upcoming election, Maxim experienced a steady flow of applications from equipment vendors and finance brokers.