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GoldenTree Asset Management Announces Closing of $501 Million CLO Under GLM Strategy
June 27, 2024GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $501 million collateralized loan obligation (“CLO”) to be managed by GLM III.
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SFNet Key Sponsor Highlight: Oliver Wyman
June 27, 2024Oliver Wyman is a global leader in management consulting, combining deep industry knowledge with specialized expertise in strategy...
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First Citizens Bank Provides $52 Million in Financing for Egret Point Logistics Center in Boynton Beach, Florida
June 26, 2024First Citizens Bank today announced that its Commercial Real Estate business provided $52 million in financing to a joint venture between Wheelock Street Capital and Foundry Commercial for the construction of Egret Point Logistics Center in Boynton Beach, Florida.
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Solifi Achieves a Hat-Trick at AFC Summer Awards
June 26, 2024Solifi, a global fintech software partner for secured finance, announced that it was shortlisted in three categories at the Asset Finance Connect (AFC) Summer awards, which will take place at the Honorable Artillery Company on Tuesday 9th July and will focus on People, Planet and Profit, emphasising excellence in ESG.
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Womble Adds International Tax Partner in Houston
June 26, 2024Womble Bond Dickinson today announced that Phyllis A. Guillory has joined the firm’s Houston office as a partner in the Corporate and Securities group, where her practice will focus on complex tax issues and cross-border transactions.
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LSQ Creates Invoice Finance Facility for Louisiana-based AI Software Company
June 26, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated an accounts receivable credit facility for a Louisiana-based AI software and services company.
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RelPro Announces Partnership and Data Integration with Cognism
June 26, 2024RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, announced today that it is expanding its Business Executive and Company coverage through a new partnership with Cognism, a leader in premium sales intelligence. The new partnership and data integration will expand and deepen RelPro’s coverage of business decision-makers in the U.S. and globally with accurate emails, and mobile and direct phone numbers.
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Kome Joins CohnReznick as Director, Government and Public Sector Advisory
June 26, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Jessie Handforth Kome has joined the firm as a Director in its Government and Public Sector Advisory practice. Based in the Washington, DC area, Kome has almost four decades of U.S. Department of Housing and Urban Development (HUD) leadership experience focused on community development, neighborhood stabilization, disaster recovery, and program innovation.
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Crossroads Provides $2.5 Million Inventory Revolver for a Manufacturer and Distributor of Plastic Injection Molded Utensils
June 26, 2024Crossroads Financial, a leading provider of inventory financing, is excited to announce that it has provided a $2.5 Million inventory revolver to support the acquisition of a 30-year plastic injection molding manufacturer specializing in kitchen utensils. The acquisition of this "Made in America" manufacturer, producing private label products for big box retailers throughout the United States, was necessitated by the retirement of its original owners.
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Hilco Global Champions Express' Successful Emergence from Bankruptcy with Strategic Operational and Financial Solutions
June 26, 2024Hilco Global is pleased to announce the completion of a successful engagement with Express as it is sold to Phoenix Retail. Phoenix Retail, a new retail business, is a joint venture between WHP Global and mall owners Simon Property Group and Brookfield Properties. ReStore Capital, an operating company of Hilco Global and a credit focused investment manager, agented a $65 million Second Lien Term Loan to Express in September 2023.
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OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of MedVet
June 26, 2024Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan.
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New Era Advisors Launches; Beth Rahn to Provide Fundraising Advisory for Female and Diverse Investment Managers
June 26, 2024Beth Rahn, former Head of Family Capital at McNally Capital, has announced the launch of her fundraising advisory firm, New Era Advisors (“New Era”). New Era will provide fundraising advisory and fund placement services to female and diverse investment managers in the private markets, including private equity, growth equity, venture capital, real estate, and private debt.
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Houlihan Lokey Strengthens Retail and Multi-Unit Coverage Capabilities With Senior Hire
June 26, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Kenny Kraft has joined the firm’s Consumer, Food & Retail Group as a Managing Director. Based in Atlanta, Mr. Kraft will oversee the firm’s coverage efforts across the retail and multi-unit sector, adding expertise in convenience stores, restaurants, and auto-related multi-unit companies.
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WhiteHawk Capital Partners Provides Credit Facility to Arizona Athletic Grounds
June 26, 2024WhiteHawk Capital Partners, LP ("WhiteHawk"), a Los Angeles-based private credit investment manager focused on asset-based financing solutions, announced it has entered into a $20 million credit facility to Arizona Athletic Grounds (“AAG”), the USA’s premier youth sports and entertainment facility located in Mesa, Arizona.
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Nik Singhal Joins ORIX USA as Group Head of Direct Lending
June 26, 2024ORIX Corporation USA (ORIX USA), announced today the appointment of Nik Singhal as Managing Director and Group Head of Direct Lending within its Private Credit business. Mr. Singhal is based in New York and will report to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee.
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Carbon Revolution (CREV) Secures $25M Financing Agreement with OIC to Fund Growth
June 25, 2024Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$25 million in five tranches, each equal to US$5 million, subject to satisfying certain reserve release conditions.
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Reparo Finance Launches Revolving Credit Facility to Support SME Growth
June 25, 2024Specialist commercial finance provider Reparo Finance has launched a new revolving credit facility to support SMEs with cashflow to fund growth. It plugs a gap in the market for flexible access to £25k-£75k over the course of a financial year.
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Regis Corporation Announces New Credit Facility to Refinance Existing Debt
June 25, 2024Regis Corporation (NasdaqGM: RGS) (“Regis” or the “Company”), a leader in the haircare industry, today announced that it has entered into a new senior secured credit facility with TCW Asset Management Company LLC (“TCW”), a leading global asset manager, and Midcap Financial Trust (“Midcap”).
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MKP Advisors Welcomes Thomas Nienaber to Strengthen Event-Driven Research Team
June 25, 2024MKP Advisors (MKP), a leading global advisory firm, is pleased to announce the addition of Thomas Nienaber to its leadership team. Thomas will work alongside Mark Kelly and the MKP team to expand and enhance the firm's event-driven research product, aiming to broaden its reach and coverage.
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Ares Commercial Finance Provides a $13.5 Million Credit Facility to Oats Overnight
June 25, 2024Ares Commercial Finance announced today that it has provided a senior secured revolving line of credit to Oats Overnight, Inc. (“Oats Overnight” or the “Company”). The Company, which is headquartered in Tempe, Arizona, provides a fast-growing, better-for-you high protein oatmeal.
-
GoldenTree Asset Management Announces Closing of $501 Million CLO Under GLM Strategy
June 27, 2024GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $501 million collateralized loan obligation (“CLO”) to be managed by GLM III.
-
SFNet Key Sponsor Highlight: Oliver Wyman
June 27, 2024Oliver Wyman is a global leader in management consulting, combining deep industry knowledge with specialized expertise in strategy...
-
First Citizens Bank Provides $52 Million in Financing for Egret Point Logistics Center in Boynton Beach, Florida
June 26, 2024First Citizens Bank today announced that its Commercial Real Estate business provided $52 million in financing to a joint venture between Wheelock Street Capital and Foundry Commercial for the construction of Egret Point Logistics Center in Boynton Beach, Florida.
-
Solifi Achieves a Hat-Trick at AFC Summer Awards
June 26, 2024Solifi, a global fintech software partner for secured finance, announced that it was shortlisted in three categories at the Asset Finance Connect (AFC) Summer awards, which will take place at the Honorable Artillery Company on Tuesday 9th July and will focus on People, Planet and Profit, emphasising excellence in ESG.
-
Womble Adds International Tax Partner in Houston
June 26, 2024Womble Bond Dickinson today announced that Phyllis A. Guillory has joined the firm’s Houston office as a partner in the Corporate and Securities group, where her practice will focus on complex tax issues and cross-border transactions.
-
LSQ Creates Invoice Finance Facility for Louisiana-based AI Software Company
June 26, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated an accounts receivable credit facility for a Louisiana-based AI software and services company.
-
RelPro Announces Partnership and Data Integration with Cognism
June 26, 2024RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, announced today that it is expanding its Business Executive and Company coverage through a new partnership with Cognism, a leader in premium sales intelligence. The new partnership and data integration will expand and deepen RelPro’s coverage of business decision-makers in the U.S. and globally with accurate emails, and mobile and direct phone numbers.
-
Kome Joins CohnReznick as Director, Government and Public Sector Advisory
June 26, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Jessie Handforth Kome has joined the firm as a Director in its Government and Public Sector Advisory practice. Based in the Washington, DC area, Kome has almost four decades of U.S. Department of Housing and Urban Development (HUD) leadership experience focused on community development, neighborhood stabilization, disaster recovery, and program innovation.
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Crossroads Provides $2.5 Million Inventory Revolver for a Manufacturer and Distributor of Plastic Injection Molded Utensils
June 26, 2024Crossroads Financial, a leading provider of inventory financing, is excited to announce that it has provided a $2.5 Million inventory revolver to support the acquisition of a 30-year plastic injection molding manufacturer specializing in kitchen utensils. The acquisition of this "Made in America" manufacturer, producing private label products for big box retailers throughout the United States, was necessitated by the retirement of its original owners.
-
Hilco Global Champions Express' Successful Emergence from Bankruptcy with Strategic Operational and Financial Solutions
June 26, 2024Hilco Global is pleased to announce the completion of a successful engagement with Express as it is sold to Phoenix Retail. Phoenix Retail, a new retail business, is a joint venture between WHP Global and mall owners Simon Property Group and Brookfield Properties. ReStore Capital, an operating company of Hilco Global and a credit focused investment manager, agented a $65 million Second Lien Term Loan to Express in September 2023.
-
OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of MedVet
June 26, 2024Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan.
-
New Era Advisors Launches; Beth Rahn to Provide Fundraising Advisory for Female and Diverse Investment Managers
June 26, 2024Beth Rahn, former Head of Family Capital at McNally Capital, has announced the launch of her fundraising advisory firm, New Era Advisors (“New Era”). New Era will provide fundraising advisory and fund placement services to female and diverse investment managers in the private markets, including private equity, growth equity, venture capital, real estate, and private debt.
-
Houlihan Lokey Strengthens Retail and Multi-Unit Coverage Capabilities With Senior Hire
June 26, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Kenny Kraft has joined the firm’s Consumer, Food & Retail Group as a Managing Director. Based in Atlanta, Mr. Kraft will oversee the firm’s coverage efforts across the retail and multi-unit sector, adding expertise in convenience stores, restaurants, and auto-related multi-unit companies.
-
WhiteHawk Capital Partners Provides Credit Facility to Arizona Athletic Grounds
June 26, 2024WhiteHawk Capital Partners, LP ("WhiteHawk"), a Los Angeles-based private credit investment manager focused on asset-based financing solutions, announced it has entered into a $20 million credit facility to Arizona Athletic Grounds (“AAG”), the USA’s premier youth sports and entertainment facility located in Mesa, Arizona.
-
Nik Singhal Joins ORIX USA as Group Head of Direct Lending
June 26, 2024ORIX Corporation USA (ORIX USA), announced today the appointment of Nik Singhal as Managing Director and Group Head of Direct Lending within its Private Credit business. Mr. Singhal is based in New York and will report to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee.
-
Carbon Revolution (CREV) Secures $25M Financing Agreement with OIC to Fund Growth
June 25, 2024Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$25 million in five tranches, each equal to US$5 million, subject to satisfying certain reserve release conditions.
-
Reparo Finance Launches Revolving Credit Facility to Support SME Growth
June 25, 2024Specialist commercial finance provider Reparo Finance has launched a new revolving credit facility to support SMEs with cashflow to fund growth. It plugs a gap in the market for flexible access to £25k-£75k over the course of a financial year.
-
Regis Corporation Announces New Credit Facility to Refinance Existing Debt
June 25, 2024Regis Corporation (NasdaqGM: RGS) (“Regis” or the “Company”), a leader in the haircare industry, today announced that it has entered into a new senior secured credit facility with TCW Asset Management Company LLC (“TCW”), a leading global asset manager, and Midcap Financial Trust (“Midcap”).
-
MKP Advisors Welcomes Thomas Nienaber to Strengthen Event-Driven Research Team
June 25, 2024MKP Advisors (MKP), a leading global advisory firm, is pleased to announce the addition of Thomas Nienaber to its leadership team. Thomas will work alongside Mark Kelly and the MKP team to expand and enhance the firm's event-driven research product, aiming to broaden its reach and coverage.
-
Ares Commercial Finance Provides a $13.5 Million Credit Facility to Oats Overnight
June 25, 2024Ares Commercial Finance announced today that it has provided a senior secured revolving line of credit to Oats Overnight, Inc. (“Oats Overnight” or the “Company”). The Company, which is headquartered in Tempe, Arizona, provides a fast-growing, better-for-you high protein oatmeal.