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B. Riley Securities Served as Financial Advisor and Lead Placement Agent for Radiopharm Theranostics in a $46.9 Million Financing
July 3, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank,is pleased to have led a $46.9 million financing for Radiopharm Theranostics Limited ("RAD" or the "Company”), an ASX listed clinical stage biotechnology company developing targeted radiopharmaceutical therapies and diagnostics for multiple types of cancer.
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Bob's Stores Announces Going-Out-of-Business Sale Across All Locations
July 2, 2024Bob's Stores ("Bob's"), a subsidiary of GoDigital Media Group, announced that the company will close all of it's Bob's locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. Despite making swift and aggressive changes to the company's structure and operations, Bob's Stores was unable to secure the finances needed to maintain operations. Bob's stores began Going Out of Business sales in stores on Friday June 28, with discounts of 30-70% off.
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BNP Paribas Named US CLO Bank of the Year
July 2, 2024BNP Paribas received three prestigious industry awards, solidifying our position as a leading player in the growing CLO space. Winning the coveted CLO Bank of the Year and US CLO Deal of the Year from GlobalCapital in their annual US Securitization Awards and Best Performing Private Credit CLO of the Year from DealCatalyst in their U.S. CLO Awards acknowledges BNP Paribas’ commitment to clients across the US CLO market and represents a significant achievement for the bank.
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CytoSorbents Secures $20 Million Credit Facility
July 2, 2024Credit facility provides timely non-dilutive capital to support ongoing global commercialization of CytoSorb® as well as regulatory submissions and potential commercialization plans for DrugSorb™-ATR in the U.S. and Canada
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Heads of Terms agreed for US$35 million Revolving Credit Facility
July 2, 2024Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
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AutoCanada Announces Credit Facility Amendment
July 2, 2024AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that its lenders under the Company's syndicated credit facility have agreed to increase to the Company's maximum permitted Total Net Funded Debt to EBITDA ratio from 4.00:1.00 to 4.50:1.00
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Rocketlane Raises $24M in Series B to Create a Post-Sales CRM for Professional Services Teams
July 2, 2024The funding round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. With this, it brings the total funds raised to $45m.
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BlackRock to Acquire Preqin, Leading Private Markets Data Solutions Provider
July 2, 2024BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider.
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Frontier Completes $750 Million Fiber Securitization Offering and Term Loan Refinancing
July 1, 2024Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier” or the “Company”) today announced the closing of its previously announced fiber securitization notes offering. This transaction is the Company’s second fiber securitization and again demonstrates the long-term value of Frontier’s fiber assets and the Company’s ability to flexibly access investment grade capital.
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Marathon Asset Management and Webster Bank Announce Private Credit Joint Venture
July 1, 2024Marathon Asset Management, L.P. ("Marathon"), a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, N.A. ("Webster Bank"), a top performing commercial bank with $76 billion in assets, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.
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Guess?, Inc. Announces EUR 100 Million Expansion of Its Existing European Credit Facility
July 1, 2024Guess?, Inc. (NYSE: GES) today announced the successful expansion of the borrowing capacity under its existing European revolving credit facility from €250 million to €350 million. The facility, maintained through the Company’s wholly-owned Swiss subsidiary, Guess Europe Sagl, has a remaining term of roughly three years.
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Eldorado Gold Announces Extension and Increase of its Senior Secured Credit Facility
July 1, 2024The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature.
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BrightView Announces Increase and Extension of Receivables Financing Facility
July 1, 2024BrightView Holdings, Inc. (NYSE: BV) (“Company”) today announced that its wholly-owned subsidiary, BrightView Funding LLC, has increased the overall size of its existing receivables financing agreement (the “Receivables Facility”) from $275 million to $325 million and extended its maturity date from June 2025 to June 2027.
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Main Street Announces Amendment of its Corporate Credit Facility
July 1, 2024Main Street Capital Corporation is pleased to announce the amendment of its revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $995.0 million to $1.110 billion and an increase to the diversified group of lenders to 19 lenders, while maintaining an expanded accordion feature that allows for an increase up to $1.665 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.
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B. Riley Securities Advised on the Sale of The Santa Barbara Smokehouse to HKW’s PANOS Brands
July 1, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, advised on the sale of The Santa Barbara Smokehouse ("SBS"), a leader in producing smoked salmon of the highest quality, to HKW's portfolio company, PANOS Brands, LLC (“PANOS”), a provider of branded consumer foods.
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Redbox's Owner Files for Bankruptcy
July 1, 2024The parent company of Redbox, the video rental kiosk often parked inside or outside grocery stores, filed for bankruptcy on June 28. This comes after the company, Chicken Soup for the Soul Entertainment, failed to pay employees, suspended medical benefits, defaulted on loans, and had an order for its vehicles to be repossessed. According to the filing, it has a total of $970 million in debt.
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Prairie Provident Announces Interim Extension of Senior Credit Facility
July 1, 2024Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the "First Lien Loan") until July 31, 2024 as well as the deferral of all interest payment obligations thereunder.
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Ravinia Capital Advises CommonView Capital on Successful $35 Million Debt Transaction for its Portfolio Company, Pain Specialists of America
July 1, 2024Ravinia Capital, LLC ("Ravinia") is pleased to announce the successful closing of a $35 million debt transaction by CommonView Capital ("CommonView") and Sandton Capital Partners ("Sandton"), to provide Pain Specialists of America ("PSA"), a portfolio company of CommonView and a leading interventional pain management services provider based in Austin, Texas, with enhanced financial flexibility to support its ongoing growth initiatives and strategic objectives.
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FirstBank Announces New Chief Risk Officer and Several Other Leadership Promotions
July 1, 2024FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” has elevated several leaders, including its new Chief Risk Officer (CRO) Jennifer Payne. Payne has been with the bank for 23 years, and has worked in various leadership roles across the company, including President of Compliance and, most recently, President of Loan Servicing before she was appointed CRO.
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ONWARD® Medical Obtains Debt Financing with up to €52.5 Million Secured Loan from Runway Growth Capital LLC
July 1, 2024ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), announces today that the Company and its subsidiaries, ONWARD Medical Inc. and ONWARD Medical S.A., signed a loan agreement in the amount of up to €52.5 million (the “Loan Agreement”) with U.S.-based lender Runway Growth Capital LLC (the “Lender”).
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B. Riley Securities Served as Financial Advisor and Lead Placement Agent for Radiopharm Theranostics in a $46.9 Million Financing
July 3, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank,is pleased to have led a $46.9 million financing for Radiopharm Theranostics Limited ("RAD" or the "Company”), an ASX listed clinical stage biotechnology company developing targeted radiopharmaceutical therapies and diagnostics for multiple types of cancer.
-
Bob's Stores Announces Going-Out-of-Business Sale Across All Locations
July 2, 2024Bob's Stores ("Bob's"), a subsidiary of GoDigital Media Group, announced that the company will close all of it's Bob's locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. Despite making swift and aggressive changes to the company's structure and operations, Bob's Stores was unable to secure the finances needed to maintain operations. Bob's stores began Going Out of Business sales in stores on Friday June 28, with discounts of 30-70% off.
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BNP Paribas Named US CLO Bank of the Year
July 2, 2024BNP Paribas received three prestigious industry awards, solidifying our position as a leading player in the growing CLO space. Winning the coveted CLO Bank of the Year and US CLO Deal of the Year from GlobalCapital in their annual US Securitization Awards and Best Performing Private Credit CLO of the Year from DealCatalyst in their U.S. CLO Awards acknowledges BNP Paribas’ commitment to clients across the US CLO market and represents a significant achievement for the bank.
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CytoSorbents Secures $20 Million Credit Facility
July 2, 2024Credit facility provides timely non-dilutive capital to support ongoing global commercialization of CytoSorb® as well as regulatory submissions and potential commercialization plans for DrugSorb™-ATR in the U.S. and Canada
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Heads of Terms agreed for US$35 million Revolving Credit Facility
July 2, 2024Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
-
AutoCanada Announces Credit Facility Amendment
July 2, 2024AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that its lenders under the Company's syndicated credit facility have agreed to increase to the Company's maximum permitted Total Net Funded Debt to EBITDA ratio from 4.00:1.00 to 4.50:1.00
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Rocketlane Raises $24M in Series B to Create a Post-Sales CRM for Professional Services Teams
July 2, 2024The funding round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. With this, it brings the total funds raised to $45m.
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BlackRock to Acquire Preqin, Leading Private Markets Data Solutions Provider
July 2, 2024BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider.
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Frontier Completes $750 Million Fiber Securitization Offering and Term Loan Refinancing
July 1, 2024Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier” or the “Company”) today announced the closing of its previously announced fiber securitization notes offering. This transaction is the Company’s second fiber securitization and again demonstrates the long-term value of Frontier’s fiber assets and the Company’s ability to flexibly access investment grade capital.
-
Marathon Asset Management and Webster Bank Announce Private Credit Joint Venture
July 1, 2024Marathon Asset Management, L.P. ("Marathon"), a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, N.A. ("Webster Bank"), a top performing commercial bank with $76 billion in assets, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.
-
Guess?, Inc. Announces EUR 100 Million Expansion of Its Existing European Credit Facility
July 1, 2024Guess?, Inc. (NYSE: GES) today announced the successful expansion of the borrowing capacity under its existing European revolving credit facility from €250 million to €350 million. The facility, maintained through the Company’s wholly-owned Swiss subsidiary, Guess Europe Sagl, has a remaining term of roughly three years.
-
Eldorado Gold Announces Extension and Increase of its Senior Secured Credit Facility
July 1, 2024The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature.
-
BrightView Announces Increase and Extension of Receivables Financing Facility
July 1, 2024BrightView Holdings, Inc. (NYSE: BV) (“Company”) today announced that its wholly-owned subsidiary, BrightView Funding LLC, has increased the overall size of its existing receivables financing agreement (the “Receivables Facility”) from $275 million to $325 million and extended its maturity date from June 2025 to June 2027.
-
Main Street Announces Amendment of its Corporate Credit Facility
July 1, 2024Main Street Capital Corporation is pleased to announce the amendment of its revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $995.0 million to $1.110 billion and an increase to the diversified group of lenders to 19 lenders, while maintaining an expanded accordion feature that allows for an increase up to $1.665 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.
-
B. Riley Securities Advised on the Sale of The Santa Barbara Smokehouse to HKW’s PANOS Brands
July 1, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, advised on the sale of The Santa Barbara Smokehouse ("SBS"), a leader in producing smoked salmon of the highest quality, to HKW's portfolio company, PANOS Brands, LLC (“PANOS”), a provider of branded consumer foods.
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Redbox's Owner Files for Bankruptcy
July 1, 2024The parent company of Redbox, the video rental kiosk often parked inside or outside grocery stores, filed for bankruptcy on June 28. This comes after the company, Chicken Soup for the Soul Entertainment, failed to pay employees, suspended medical benefits, defaulted on loans, and had an order for its vehicles to be repossessed. According to the filing, it has a total of $970 million in debt.
-
Prairie Provident Announces Interim Extension of Senior Credit Facility
July 1, 2024Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the "First Lien Loan") until July 31, 2024 as well as the deferral of all interest payment obligations thereunder.
-
Ravinia Capital Advises CommonView Capital on Successful $35 Million Debt Transaction for its Portfolio Company, Pain Specialists of America
July 1, 2024Ravinia Capital, LLC ("Ravinia") is pleased to announce the successful closing of a $35 million debt transaction by CommonView Capital ("CommonView") and Sandton Capital Partners ("Sandton"), to provide Pain Specialists of America ("PSA"), a portfolio company of CommonView and a leading interventional pain management services provider based in Austin, Texas, with enhanced financial flexibility to support its ongoing growth initiatives and strategic objectives.
-
FirstBank Announces New Chief Risk Officer and Several Other Leadership Promotions
July 1, 2024FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” has elevated several leaders, including its new Chief Risk Officer (CRO) Jennifer Payne. Payne has been with the bank for 23 years, and has worked in various leadership roles across the company, including President of Compliance and, most recently, President of Loan Servicing before she was appointed CRO.
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ONWARD® Medical Obtains Debt Financing with up to €52.5 Million Secured Loan from Runway Growth Capital LLC
July 1, 2024ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), announces today that the Company and its subsidiaries, ONWARD Medical Inc. and ONWARD Medical S.A., signed a loan agreement in the amount of up to €52.5 million (the “Loan Agreement”) with U.S.-based lender Runway Growth Capital LLC (the “Lender”).