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Revolving credit facilities remained a critical tool for companies, with overall robust recoveries for both asset-backed loans (ABL) and cash flow revolvers, according to a new Fitch Ratings report."The pandemic fostered increased revolving credit... Read Story

Filed Under: Industry News
July 23, 2021 @ 08:08 AM

Amerisource Business Capital closed and funded a $12,000,000 senior credit facility for a Texas-based provider of well integrity solutions to the oil & gas industry. The working capital was used to support the company’s global expansion plans. Doug... Read Story

Filed Under: Oil & Gas
July 23, 2021 @ 08:06 AM

Star Mountain Capital closed a $225 million asset-based leverage facility from top quality institutional investors led by ING Capital. The lending group consists of ING, CIT, TIAA Bank, Axos Bank, East West Bank, Georgia Banking Company and Customers... Read Story

Filed Under: Private Equity News
July 23, 2021 @ 08:00 AM

TILT Holdings, a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced that its subsidiary, Jupiter Research, has entered into a new... Read Story

Filed Under: Cannabis
July 23, 2021 @ 07:30 AM

Varagon Capital Partners is serving as Administrative Agent, Joint Arranger and Joint Bookrunner on a senior secured credit facility to support Knox Lane’s investment in Any Hour Services (Any Hour).Founded in 1961, Any Hour is a market-leading home... Read Story

Filed Under: Private Equity News
July 23, 2021 @ 07:11 AM

SouthState Corporation and Atlantic Capital Bancshares jointly announced the signing of a definitive agreement pursuant to which Atlantic Capital will merge with and into SouthState in an all-stock transaction with an aggregate value of approximately... Read Story

Filed Under: Banking News
July 23, 2021 @ 07:10 AM

King Street Capital Management, a leading $20 billion global investment manager specializing in credit, has raised $1.2 billion for its inaugural Global Drawdown Fund (“GDF”) from existing and new investors, exceeding its $750 million target. GDF has... Read Story

Filed Under: Private Equity News
July 23, 2021 @ 07:00 AM

Espresso Capital provided WorthPoint Corporation, the most comprehensive online resource for researching, valuing, buying and selling antiques, art and vintage collectibles, with a $12 million credit facility.WorthPoint empowers the antiques and... Read Story

Filed Under: Specialty Industries
July 22, 2021 @ 07:55 AM

Wolters Kluwer Legal & Regulatory U.S. launched Bankruptcy Essentials, a digital research and analysis solution that streamlines the process of managing bankruptcy litigation and restructuring transactions. Developed and curated by industry-leading... Read Story

Filed Under: Bankruptcy
July 22, 2021 @ 07:52 AM

CIT Group announced that its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC. Depot Properties is the owner and operator of a large truck servicing terminal in Laredo, Texas, primarily occupied by... Read Story

Filed Under: Real Estate
July 22, 2021 @ 07:51 AM