Hannon Armstrong Sustainable Infrastructure Capital (HASI), a leading investor in climate solutions, amended its revolving credit facility effective immediately, increasing the committed line under the revolving credit facility by $240 million to $840 million. The amendment also expands the accordion feature under the revolving credit facility by $420 million, resulting in total capacity of up to $1.26 billion subject to certain terms and conditions. The applicable margin remains unchanged at
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Heritage Global, an asset services company specializing in financial and industrial asset transactions, announced an upsized $17 million credit facility with C3bank which includes the renewal of its existing $10 million line of credit as well as a new $7 million term loan.Ross Dove, CEO of Heritage Global, commented, “We are seeing strong growth across our business and this new credit agreement with C3bank increases our borrowing capacity and further supports our ability to continue to go after
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Pineapple Energy, a leading provider of solar power, battery storage systems, and smart energy control to households and small businesses, closed a $7.5 million debt deal with Decathlon Capital Partners.The transaction, which carries a 48-month term, is a straight debt instrument, thus avoiding any equity dilution. Debt service payments begin at a smaller initial level and increase over the course of the loan in several step-ups, tracking the Company’s revenue growth. Along with Decathlon’s
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Wingspire Equipment Finance appointed Tom Vasilakos as the Senior Managing Director of WEF’s Indirect Group. This strategic hire further strengthens Wingspire Equipment Finance's position as a top player in the equipment finance industry.Wingspire Equipment Finance, a subsidiary of Wingspire Capital and portfolio company of asset manager Blue Ow, specializes in offering tailored equipment finance solutions to middle market companies across most industries, with financing options ranging from
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Wells Fargo announced that Barry Simmons is the new head of National Sales for Wells Fargo Advisors.In this role, Simmons will lead Wells Fargo Advisors’ sales and business development team nationally, advisor recruiting across all channels, branch communications and advisor and client event strategy.Reporting to Sol Gindi, head of Wells Fargo Advisors and of Wealth & Investment Management’s (WIM) Client Relationship Group, Simmons will partner closely with WIM’s divisional leaders, field
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Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced that Michael Leitner has joined the firm as a Senior Managing Director. Based in the firm’s New York office, Leitner will help lead the continued buildout of Stonepeak’s Credit investing capabilities.Leitner joins Stonepeak with more than 21 years of experience in the credit space, which has included building and managing a well-established, highly scalable multi-strategy credit investment
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William Blair has expanded the firm’s Private Wealth Management offices in San Francisco and Denver. Laura Harrison Ward joins as managing director, wealth advisor in San Francisco, and Mark N. Warren and John D. Warren join as managing directors, wealth advisors in Denver.“The addition of Laura, Mark, John, and their teams continues our expansion with tremendous advisors and people in important markets for us,” said Ryan DeVore, head of Private Wealth Management at William Blair. “Both teams
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A&G Real Estate Partners is entertaining offers on 49 David’s Bridal leases across the United States—transactions that must be presented for bankruptcy court approval by June 30. “Interested retailers and landlords need to act now to seize these excellent real estate opportunities while they’re still available,” said A&G Senior Managing Director Mike Matlat. Acting in its capacity as real estate advisor to the Conshohocken, Pennsylvania-based retailer, A&G also plans to hold a July bankruptcy
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SLR Credit Solutions closed a secured first lien term loan in concert with a new revolving line of credit from Wells Fargo for Skullcandy, Inc.Proceeds from the financing were used to refinance existing debt and provide enhanced flexibility.“Skullcandy is excited to work with SLR Credit Solutions and Wells Fargo to support our liquidity needs and to provide added flexibility for the business,” said Autumn Hindman, CFO of Skullcandy. “This financing will allow seamless implementation of key
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Oxford Commercial Finance, a subsidiary of Oxford Bank, announced its Senior Vice President and Managing Director, Robyn Barrett, has been named incoming president of the American Factoring Association (AFA) for a two-year term.Barrett has been an active volunteer board member since 2019 and previously served as marketing committee chairperson for AFA, the sole body representing the factoring industry at the federal and state legislative level. AFA educates key stakeholders within government and
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The Algon Group announced that highly-regarded bankruptcy and restructuring lawyer, Robert "Bob" Fishman, has joined the firm as Vice Chairman. Fishman, coming out of a very brief retirement, brings 40 years of experience representing all parties in insolvency/bankruptcy settings, including debtors in possession, trustees, secured creditors, Creditors' Committees and disinterested directors.Fishman was previously a member at Cozen O'Connor and a partner at Fox Rothschild, where he was co-chair
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Brightwood Capital Advisors, a middle market private credit firm, announced that it deployed nearly $2 billion of capital to 35 new borrowers, in fiscal year 2022.This volume of investment activity was spurred by asset growth across Brightwood’s portfolio throughout the year, with the firm’s assets-under-management (AUM) surpassing $5 billion in 2022.Brightwood also continued to demonstrate its financing capabilities, most notably through the demand from new and existing investors for its CLO
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Clifford Chance advised BlackRock and Silver Point Finance in connection with a US$350 million asset-based term loan facility for InfraBuild, Australia’s largest fully vertically-integrated steel manufacturer, processor and distributor. The proceeds of the loan will support InfraBuild’s growth strategy and operational needs, including its potential acquisition of steel assets in the United States currently owned by GFG Alliance.Partners Andrew Young in New York and Mark Gillgren in Australia led
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CVC Credit provided junior loan facilities to support the refinancing of Optiv, a leading US cybersecurity consultancy and managed security services, controlled by KKR. Headquartered in Denver, US, Optiv is a market-leading provider of end-to-end cybersecurity solutions, providing managed security services and consulting to a large and sticky customer base of over 5,700 companies in sectors including healthcare, technology, financial services and professional services. Molly Moore, Managing
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Commercial Finance Partners (“CFP”) facilitated the closing of $5,235,000 Conventional Term Loan and $4,000,000 Revolving AR Line of Credit to support the acquisition of a Metal Stamping and Plating Company located in Texas. Engaged by the sponsor whom CFP had closed numerous prior transactions with, CFP was able to put together a term loan and revolver to support both the acquisition and the ongoing working capital needs. The remainder of the transaction was financed by the sponsor, as well as
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