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Scale Microgrids (“Scale”) recently closed a first of its kind non-recourse project finance debt facility to fund the construction and operations of a portfolio of microgrids, combined heat and power (CHP) systems, community solar, rooftop solar, battery energy storage systems, and microgrid electric vehicle infrastructure projects in markets including California, Oregon, the District of Columbia, Pennsylvania, Delaware, Colorado, North Carolina, New Jersey and New York.These distributed energy Read Story

Filed Under: Energy
March 10, 2023 @ 07:36 AM

New York Community Bancorp, Inc. announced its bank subsidiary, Flagstar Bank, N.A. (the "Bank") has acquired certain assets and assumed certain liabilities of Signature Bridge Bank ("Signature") from the Federal Deposit Insurance Corporation (the FDIC).  All regulatory approvals, including approval from the OCC, have been obtained, and the transaction has closed.The Bank acquired only certain financially and strategically complementary parts of Signature that are intended to enhance its future Read Story

Filed Under: Banking News
March 20, 2023 @ 07:48 AM

Danimer Scientific, a leading next-generation bioplastics company focused on the development and production of biodegradable materials, closed a new senior secured term loan (“Term Loan”) with an aggregate principal amount of $130 million that expands its capital structure, significantly improves its near-term liquidity position, and enables it to maintain strategic and operational flexibility as it executes its growth strategy.Stephen E. Croskrey, Danimer’s Chairman and Chief Executive Officer Read Story

Filed Under: Specialty Industries
March 20, 2023 @ 07:47 AM

CIFC Asset Management, an alternative credit specialist serving institutional investors globally with over $40 billion in assets under management, announced that Anna Kunz has joined the firm as a Managing Director in its Investor Solutions Group. In this role, Ms. Kunz will cultivate relationships with current and prospective clients and support capital raising efforts across CIFC’s multi-strategy credit platform. Based in New York and Miami, she reports to James Boothby and T. Michael Johnson Read Story

March 22, 2023 @ 07:21 AM

Ares Commercial Finance provided a $31.2 million senior secured credit facility for a family-owned and operated manufacturer and distributor of high-quality home and garden equipment for professional and consumer use. The credit facility consists of an asset-based revolving line of credit and M&E term loan. Proceeds of the credit facility will be used to refinance existing indebtedness and for ongoing working capital needs. Ares Commercial Finance (“ACF”) is the asset-based lending team of Ares Read Story

Filed Under: Manufacturing
March 16, 2023 @ 07:51 AM

2023-05-31 05:39