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  • Nevada Copper Files for Chapter 11 Bankruptcy Protection
    June 11, 2024
    Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) and its subsidiaries (collectively, “Nevada Copper” or the “Company”) today announced that they have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada.
  • Monroe Capital Supports Growth of Signal 88, LLC
    June 11, 2024
    Monroe Capital LLC (“Monroe”) announced it acted as lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Signal 88, LLC (“Signal Security”).
  • McDermott Will & Emery Boosts Private Equity Finance Practice in New York
    June 10, 2024
    International law firm McDermott Will & Emery welcomes Ellen Snare as a partner in the Transactions Practice Group in New York. Ellen represents some of the largest private equity portfolio companies, corporate borrowers, traditional lenders and private credit funds in various financings and restructurings. She joins from King & Spalding.
  • Unum Group Completes Senior Note Offering
    June 10, 2024
    Unum Group (NYSE: UNM) announced today that it has completed an offering of $400 million aggregate principal amount of senior notes due in 2054 with an annual coupon rate of 6.00 percent. Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., PNC Capital Markets LLC and Truist Securities, Inc. were joint active book-running managers.
  • WesBanco Names Patrick O'Malley as Charleston/Huntington/Southeast Ohio Market President
    June 10, 2024
    WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has named Patrick O'Malley to the role of Charleston/Huntington/Southeast Ohio (CHS) Market President and Senior Commercial Banker.
  • Piper Sandler Enters Definitive Agreement to Acquire Aviditi Advisors
    June 10, 2024
    Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has entered into a definitive agreement to acquire Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors with offices in New York City, Dallas, London and Munich.
  • Meridian Capital Group Names Financial Industry Veteran Melissa Martinez as Chief Risk Officer
    June 10, 2024
    Meridian Capital Group, one of the nation’s leading commercial real estate finance, investment sales and retail leasing advisors, announced today that it has named Melissa Martinez as the firm’s first Chief Risk Officer, effective June 17, 2024.
  • Assembled Brands Capital Closes New Line of Credit with BOBABAM
    June 10, 2024
    Assembled Brands Capital is celebrating the closing of a new revolving line of credit with BOBABAM, a high-growth, instant boba beverage brand based in California. After securing a new line of credit, the CPG company plans to invest in scaling up production, expanding distribution channels, and optimizing inventory management to drive growth and enhance operational efficiency.
  • KBRA Releases Research -- Appraisal Values of Distressed Loans Highlight CMBS Stress
    June 10, 2024
    KBRA releases research about the connection between appraisal values of distressed loans and CMBS performance. In light of the continued rise in CMBS delinquency rates, KBRA reviewed updated appraisal values from January 2021 through May 2024 of distressed CMBS 2.0 loans.
  • Ares Commercial Finance Announces it is Marking 10 Years as the Commercial Finance Platform of Ares Management
    June 10, 2024
    Ares Commercial Finance (“ACF”) announced today that it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with the acquisition of the First Capital asset-based portfolio in 2015.
  • Applied Digital Secures Private Debt Facility of up to $200 million to Accelerate HPC Data Center Project in Ellendale, North Dakota
    June 10, 2024
    Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced today that the Company has secured private financing from CIM Group, a leading investment firm and alternative asset manager with extensive experience in top-tier datacenter finance and development. APLD Holdings 2, LLC, a subsidiary of the Company (the “Borrower”), has issued a Promissory Note (the “Note”) for commitments that total $125 million at close (“Initial Commitments”).
  • PowerSchool to be Acquired by Bain Capital in $5.6 Billion Transaction
    June 10, 2024
    PowerSchool Holdings, Inc. (NYSE: PWSC) (“PowerSchool” or “the Company”), a leading provider of cloud-based software for K-12 education, announced today that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the Company at $5.6 billion.
  • O’Melveny Advises Citibank on US$400 Million Credit Facility for Easterly Government Properties, Inc.
    June 10, 2024
    O’Melveny represented Citibank, N.A. as administrative agent in connection with Easterly Government Properties’ US$400 million revolving credit facility.
  • Osisko Development Amends US$50 Million Credit Facility
    June 10, 2024
    Osisko Development Corp. announces it has entered into an amending agreement to the credit agreement (the "Amendment") with National Bank of Canada (the "Lender") made as of March 1, 2024 providing for a US$50 million delayed draw term loan (the "Credit Facility"), through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("Barkerville").
  • Bayview Acquisition Corp Announces Entry into a Merger Agreement with Oabay Inc., Creating a Publicly Traded Enterprise Trade Credit Digital Transformation Solutions Company
    June 10, 2024
    Bayview Acquisition Corp (NASDAQ: BAYA, BAYAU, and BAYAR) (“BAYA”), a special purpose acquisition company, announced the execution of an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which BAYA will undergo a business combination with Oabay Inc. (“Oabay”), which provides trade credit digital transformation solutions, through its wholly owned subsidiary in mainland China.
  • Alvotech Announces Strategic Refinancing Agreement
    June 10, 2024
    Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced the successful arrangement of a strategic refinancing transaction.
  • Valley National Bancorp Announces New Leadership Appointment
    June 10, 2024
    Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, today announced that it has appointed John P. Regan as Senior Executive Vice President—Chief Risk Officer effective June 24, 2024.
  • B. Riley Securities Served as Sole Bookrunner in Connection with Lilium N.V.’s $114 Million Financing
    June 10, 2024
    B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as sole bookrunner and underwriter to Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet and a global pioneer in Regional Air Mobility (RAM).
  • PennantPark Floating Rate Capital Ltd. Upsizes Credit Facility to $611 Million
    June 10, 2024
    PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that as result of expanded lender partner relationships, it has upsized its credit facility, led by Truist Bank (the “Credit Facility”) to $611 million from $436 million. Pricing on this facility remained unchanged at SOFR plus 236 basis points.
  • StepStone Private Wealth Launches Private Credit Fund
    June 10, 2024
    StepStone Private Wealth (“SPW”) today announced the launch of the StepStone Private Credit Income Fund (“CRDEX”), an evergreen interval fund that can be purchased daily via ticker CRDEX.