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Uncaged Capital Funded a $45.5 Million Non-Recourse Factoring Transaction
May 20, 2024Uncaged Capital funded a $45.5 million non-recourse factoring transaction to a tech company which sells hardware and software to major media companies around the world.
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Allegion Completes Extension and Increase of Revolving Credit Facility
May 20, 2024Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has successfully completed the extension and increase of its existing senior unsecured revolving credit facility.
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Churchill Asset Management and Dawson Partners Complete $425 Million Structured Liquidity Solution Transaction
May 20, 2024Churchill Asset Management LLC (“Churchill”), an investment-specialist affiliate of Nuveen focused on middle market private debt and private equity solutions, and Dawson Partners (“Dawson”), a global alternative asset manager focused on providing innovative structured solutions to the private markets, today announced the closing of a $425 million transaction.
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Rinke Joins CohnReznick as International Tax Principal
May 20, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Daniel Rinke, JD, LLM, has joined the firm as a principal in its International Tax practice. Based in Massachusetts, Rinke has more than two decades of international tax experience, notably involving cross-border transactional and operational planning for multinational corporations.
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Solifi Recognised at Sustainable Finance Awards for its new ESG Portfolio Strategist Product
May 20, 2024Solifi, a global fintech software partner for secured finance, received an accolade in the Best New Services Solutions: Data and Asset Management category in the 2024 Sustainable Finance Awards. The awards, which took place on 16 May in Paris, celebrate the success of leading finance businesses in achieving sustainable outcomes through innovation, breadth of coverage and rigorous use of data across Europe.
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Katten Appoints Jennifer I. Wolfe to Helm Its Chicago Headquarters
May 20, 2024Katten announced today that Jennifer I. Wolfe will become its office managing partner in Chicago, where the firm was founded 50 years ago and where Wolfe has spent her entire legal career in its Private Credit practice representing middle-market lenders to borrowers in high-value transactions across numerous industries.
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MidCap Business Credit LLC Completes $5 Million Asset-Based Credit Facility to a Manufacturer and Distributor of Cryogenic Storage and Transportation Equipment
May 20, 2024MidCap Business Credit LLC announced today that it has completed a $5 million asset-based credit facility to a manufacturer and distributor of cryogenic storage and transportation equipment located in the Southeast.
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Mountain Ridge Capital Provides $15 Million Credit Facility to Leading U.S. Textile Wholesaler
May 20, 2024Mountain Ridge was able to provide greater availability and flexibility than the previous bank arrangement, which was meaningful for both the acquisition and supports working capital liquidity for growth going forward.
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First Citizens Provides $24.5 Million in Financing for Texas Industrial Project
May 20, 2024First Citizens Bank today announced that its Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas.
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CohnReznick Establishes Merger Integration and Carve-out Services Practice
May 20, 2024David McKee has joined the firm as Merger Integration and Carve-out Services practice leader along with David Morris, Managing Director, and four senior core team members. David and his team come to CohnReznick with decades of M&A experience advising corporate and private equity clients from Big 4 and other leading M&A advisory firms.
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California Law Will Require Certain Lenders and Factors to File an Annual Report Starting in 2025
May 20, 2024Beginning March 15, 2025, and each year thereafter, all “Covered Providers” who offer commercial financing to California borrowers and who are already required to provide certain statutory financial disclosures in compliance with the California Financing Disclosure Law shall be required to file an Annual Report electronically through the California Department of Financial Protection and Innovation (“DFPI”) website.
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KKR Provides $300 Million Corporate Credit Facility to Origis Energy
May 20, 2024KKR, a leading global investment firm and Origis Energy (“Origis”), a leading renewable energy and decarbonization solution platform, today announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis.
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Essential Energy Services Announces Credit Facility Renewal
May 20, 2024Essential Energy Services Ltd. (ESN.TO) ("Essential") has entered into a renewed credit agreement dated May 29, 2014 (the "Credit Agreement") with a syndicate of lenders including National Bank of Canada, The Toronto-Dominion Bank, HSBC Bank Canada and Canadian Western Bank (the "Lenders").
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Flatbay Capital Keeps the Ball Rolling with Another $2.3MM Bridge Loan Funded for a Houston-based, Aerospace Machine Shop
May 20, 2024This women-owned, family business was established in 1980 by the late patriarch of the family and specializes in high-volume production runs and prototype manufacturing for major industries such as aerospace and defense.
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Bastion Management Closes $150 Million Facility with Sezzle
May 20, 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 $150 million, with an accordion up to $225 million, in Sezzle Inc. (NASDAQ:SEZL) ("Sezzle" or "Company") to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates.
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CoreWeave Secures $7.5 Billion Debt Financing Facility led by Blackstone and Magnetar
May 20, 2024CoreWeave, the AI hyperscaler, today announced it has signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstone ("Blackstone"), with strategic participation from Magnetar (Co-Lead Investor) and Coatue. Participation in the financing also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp.
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Red Lobster Files Voluntary Chapter 11 Petitions to Strengthen Financial Position And Maximize Value For Stakeholders
May 20, 2024Red Lobster Management LLC, along with its direct and indirect operating subsidiaries ("Red Lobster" or "the Company"), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida.
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Encina Lender Finance Provides $50 Million Senior Credit Facility to Consumer Point-Of-Sale Lending Platform
May 20, 2024Encina Lender Finance, LLC announced today that it has closed a $50 million senior credit facility for a consumer point-of-sale lending platform with a network of more than 2,000 merchants nationwide.
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Pathward Transforms Product Suite with Launch of 'Solutions for Financial Institutions'
May 20, 2024Pathward®, N.A., one of the nation’s leading financial empowerment companies, today announced the expansion and transformation of its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded options for commercial finance solutions and merchant services.
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Eclipse Business Capital Closes $18.5MM Senior Secured Credit Facility to a Mining Company
May 20, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided an $18.5 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a mining company that serves various industrial end markets.
-
Uncaged Capital Funded a $45.5 Million Non-Recourse Factoring Transaction
May 20, 2024Uncaged Capital funded a $45.5 million non-recourse factoring transaction to a tech company which sells hardware and software to major media companies around the world.
-
Allegion Completes Extension and Increase of Revolving Credit Facility
May 20, 2024Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has successfully completed the extension and increase of its existing senior unsecured revolving credit facility.
-
Churchill Asset Management and Dawson Partners Complete $425 Million Structured Liquidity Solution Transaction
May 20, 2024Churchill Asset Management LLC (“Churchill”), an investment-specialist affiliate of Nuveen focused on middle market private debt and private equity solutions, and Dawson Partners (“Dawson”), a global alternative asset manager focused on providing innovative structured solutions to the private markets, today announced the closing of a $425 million transaction.
-
Rinke Joins CohnReznick as International Tax Principal
May 20, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Daniel Rinke, JD, LLM, has joined the firm as a principal in its International Tax practice. Based in Massachusetts, Rinke has more than two decades of international tax experience, notably involving cross-border transactional and operational planning for multinational corporations.
-
Solifi Recognised at Sustainable Finance Awards for its new ESG Portfolio Strategist Product
May 20, 2024Solifi, a global fintech software partner for secured finance, received an accolade in the Best New Services Solutions: Data and Asset Management category in the 2024 Sustainable Finance Awards. The awards, which took place on 16 May in Paris, celebrate the success of leading finance businesses in achieving sustainable outcomes through innovation, breadth of coverage and rigorous use of data across Europe.
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Katten Appoints Jennifer I. Wolfe to Helm Its Chicago Headquarters
May 20, 2024Katten announced today that Jennifer I. Wolfe will become its office managing partner in Chicago, where the firm was founded 50 years ago and where Wolfe has spent her entire legal career in its Private Credit practice representing middle-market lenders to borrowers in high-value transactions across numerous industries.
-
MidCap Business Credit LLC Completes $5 Million Asset-Based Credit Facility to a Manufacturer and Distributor of Cryogenic Storage and Transportation Equipment
May 20, 2024MidCap Business Credit LLC announced today that it has completed a $5 million asset-based credit facility to a manufacturer and distributor of cryogenic storage and transportation equipment located in the Southeast.
-
Mountain Ridge Capital Provides $15 Million Credit Facility to Leading U.S. Textile Wholesaler
May 20, 2024Mountain Ridge was able to provide greater availability and flexibility than the previous bank arrangement, which was meaningful for both the acquisition and supports working capital liquidity for growth going forward.
-
First Citizens Provides $24.5 Million in Financing for Texas Industrial Project
May 20, 2024First Citizens Bank today announced that its Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas.
-
CohnReznick Establishes Merger Integration and Carve-out Services Practice
May 20, 2024David McKee has joined the firm as Merger Integration and Carve-out Services practice leader along with David Morris, Managing Director, and four senior core team members. David and his team come to CohnReznick with decades of M&A experience advising corporate and private equity clients from Big 4 and other leading M&A advisory firms.
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California Law Will Require Certain Lenders and Factors to File an Annual Report Starting in 2025
May 20, 2024Beginning March 15, 2025, and each year thereafter, all “Covered Providers” who offer commercial financing to California borrowers and who are already required to provide certain statutory financial disclosures in compliance with the California Financing Disclosure Law shall be required to file an Annual Report electronically through the California Department of Financial Protection and Innovation (“DFPI”) website.
-
KKR Provides $300 Million Corporate Credit Facility to Origis Energy
May 20, 2024KKR, a leading global investment firm and Origis Energy (“Origis”), a leading renewable energy and decarbonization solution platform, today announced that vehicles and accounts managed by KKR’s insurance business have provided a $300 million corporate financing facility to Origis.
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Essential Energy Services Announces Credit Facility Renewal
May 20, 2024Essential Energy Services Ltd. (ESN.TO) ("Essential") has entered into a renewed credit agreement dated May 29, 2014 (the "Credit Agreement") with a syndicate of lenders including National Bank of Canada, The Toronto-Dominion Bank, HSBC Bank Canada and Canadian Western Bank (the "Lenders").
-
Flatbay Capital Keeps the Ball Rolling with Another $2.3MM Bridge Loan Funded for a Houston-based, Aerospace Machine Shop
May 20, 2024This women-owned, family business was established in 1980 by the late patriarch of the family and specializes in high-volume production runs and prototype manufacturing for major industries such as aerospace and defense.
-
Bastion Management Closes $150 Million Facility with Sezzle
May 20, 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 $150 million, with an accordion up to $225 million, in Sezzle Inc. (NASDAQ:SEZL) ("Sezzle" or "Company") to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates.
-
CoreWeave Secures $7.5 Billion Debt Financing Facility led by Blackstone and Magnetar
May 20, 2024CoreWeave, the AI hyperscaler, today announced it has signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstone ("Blackstone"), with strategic participation from Magnetar (Co-Lead Investor) and Coatue. Participation in the financing also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp.
-
Red Lobster Files Voluntary Chapter 11 Petitions to Strengthen Financial Position And Maximize Value For Stakeholders
May 20, 2024Red Lobster Management LLC, along with its direct and indirect operating subsidiaries ("Red Lobster" or "the Company"), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida.
-
Encina Lender Finance Provides $50 Million Senior Credit Facility to Consumer Point-Of-Sale Lending Platform
May 20, 2024Encina Lender Finance, LLC announced today that it has closed a $50 million senior credit facility for a consumer point-of-sale lending platform with a network of more than 2,000 merchants nationwide.
-
Pathward Transforms Product Suite with Launch of 'Solutions for Financial Institutions'
May 20, 2024Pathward®, N.A., one of the nation’s leading financial empowerment companies, today announced the expansion and transformation of its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded options for commercial finance solutions and merchant services.
-
Eclipse Business Capital Closes $18.5MM Senior Secured Credit Facility to a Mining Company
May 20, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided an $18.5 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a mining company that serves various industrial end markets.