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Benefit Street Partners (“BSP”) and its parent company Franklin Templeton announced the launch of Franklin BSP Private Credit Fund (FBSPX). The fund takes a multi-strategy approach to investing in US middle market private credit, seeking to generate strong current income and superior risk-adjusted returns across market cycles. Its interval fund structure provides access to potentially higher-yielding, senior-secured, credit-focused strategies not as readily available in traditional fixed income Read Story

Filed Under: Private Equity News
October 04, 2022 @ 08:02 AM

CIBC President and CEO Victor Dodig announced senior leadership appointments to further the bank's client-focused strategy.The following leadership changes are effective November 1, 2022:Mike Capatides, Senior Executive Vice-President and Group Head, US Region, and President & CEO, CIBC Bank USA, will be transitioning to the role of Vice-Chair, CIBC Bank USA, focused on developing and deepening client relationships. Mr. Capatides has been an important part of our bank for more than 25 years Read Story

October 06, 2022 @ 08:02 AM

HLS Therapeutics announced updates to its credit agreement and senior secured term loan with its existing syndicate of bank lenders co-led by JPMorgan Chase Bank and Silicon Valley Bank. All dollar amounts are stated in U.S. currency.The maturity date on the senior secured term loan has been extended by one year to August 15, 2024. The required annual amortization of loan value reverts back to 5%, thereby increasing financial flexibility. Interest on the senior secured term loan and revolving Read Story

Filed Under: Pharmaceuticals
October 03, 2022 @ 07:30 AM

BMO’s Asset-Based Lending group served as Administrative Agent and Sole Underwriter and Bookrunner on a $250 million Senior Secured ABL Revolver facility to support the Centre Lane Partners led merger of its portfolio company Hollander Sleep & Décor with Keeco, LLC. BMO closed as Administrative Agent, Sole Underwriter and Bookrunner on a $250 million senior secured credit facility in support of the merger of Keeco, LLC and Centre Lane Partners’ portfolio company Hollander Sleep & Décor. The ABL Read Story

Filed Under: Consumer Products
September 29, 2022 @ 07:40 AM

Brightwood Capital Advisors, a private credit and impact firm, announced the appointment of Kristan O’Connor as Managing Director in the firm’s Portfolio Management & Risk group.Ms. O’Connor brings over 30 years of experience across credit administration, portfolio management, underwriting, and loan workouts to the team. Prior to joining Brightwood, she served as Senior Vice President and Credit Risk Executive of Special Assets and Venture Lending at Bank Leumi. She also previously held the Read Story

October 03, 2022 @ 07:46 AM

2022-12-08 14:09