National Bank Investments (“NBI”) announced a new partnership with Apollo Global Management to expand access to private credit investments for Canadian accredited investors.The new NBI Apollo Private Credit Fund, available since May 1st, provides exposure to private credit opportunities in directly originated assets by investing in Apollo Debt Solutions BDC, a non-traded US business development company focusing on senior secured large corporate direct origination, broadly syndicated loans, and
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NewtekOne announced that its consolidated subsidiary, Newtek ALP Holdings, amended and upsized its revolving credit facility with Deutsche Bank AG (“DB”), which facility is employed to fund the origination of Alternative Loan Program (“ALP”) loans before they are placed into securitizations.
The amendment provides for, among other things, a facility increase to $170 million. DB has been an ALP warehouse lender to the Company since 2019. As previously reported on April 23, the Company closed a
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Aircraft Engine Lease Finance ("AELF") announced the completion of a $55 million line of credit provided by Indiana-based Merchants Bank. The financing will be used for the acquisition of commercial aircraft as AELF continues to expand its fleet."Merchants Bank has been a key partner in AELF's development, and we are very pleased to continue to expand that relationship as we grow the fleet and diversify our stable of high-quality airline partners," said Phil Scruggs, Board Member for AELF.AELF
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Wesdome Gold Mines announced that the Company has executed an amended and restated credit agreement with a syndicate of lenders to upsize and extend the maturity of its current secured revolving credit facility by an additional three years to June 19, 2028.Pursuant to the Agreement, the Credit Facility includes aggregate commitments of US$250 million with an additional accordion of US$50 million for a total of up to US$300 million. This represents approximately a twofold increase from Wesdome’s
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EisnerAmper announced that Robert Hallman has joined the firm as a partner in its International Tax Services Group. With more than 15 years of experience, Hallman advises clients ranging from individuals to publicly traded multinationals on cross-border tax matters and global structuring strategies. He helps clients navigate evolving legislation, regulatory risks, and compliance obligations. His experience spans the technology, real estate, financial services, manufacturing, and life sciences
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Ring Energy, an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets, announced that the borrowing base was affirmed at $585 million under its $1.0 billion senior secured credit facility. In addition, the Credit Facility term was extended to June 2029, and Bank of America was named as new Administrative Agent.Key Highlights
Entered into a Third Amended and Restated Credit Agreement with a borrowing base of
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Auxly Cannabis Group, a leading consumer packaged goods company in the cannabis products market, entered into two agreements that will strengthen its balance sheet, reduce debt, and support long-term growth:
A non-binding agreement (the "Term Sheet") to amend and restate the Company's existing syndicated credit facility led by the Bank of Montreal ("BMO"), and
An exchange agreement (the "Exchange Agreement") with Imperial Brands plc ("Imperial Brands") pursuant to which all amounts owing by
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Fortis Bank appointed Ed Mennona as Executive Vice President and Chief Credit Officer, reinforcing the strength of its executive leadership team as the bank continues to scale its commercial and specialty finance platforms.Mennona brings over 30 years of commercial banking leadership experience and will oversee credit policy, risk governance, and portfolio strategy across Fortis Bank's nationwide lending operations. He succeeds Duc Duong, who recently retired after playing a foundational role in
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WW International announced that, following approval of its Plan of Reorganization, it is on track to exit the court-supervised financial reorganization process as early as next week.This milestone marks a pivotal moment in the Company’s journey to drive long-term growth, innovation, and expanded impact through its holistic approach. With significantly enhanced financial flexibility, WeightWatchers is focused on scaling its proven model to meet the evolving needs of today’s health landscape. By
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Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Setpoint Capital, provided a warehouse facility to UpEquity, an Austin-based mortgage technology company that provides solutions for home buyers to help them purchase a new home before they sell their current home. The facility will provide up to $200 million in financing capacity and is expected to support $1 billion in originations over the next 2 years.The new facility supports UpEquity's continued high
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US Capital Global provided a $10.5 million senior construction term loan to Corfu Development LLC for a 60-unit residential and commercial development in Philadelphia’s thriving Fishtown neighborhood, a project the Company is spearheading with Caritas Construction LLC.Located in the heart of Philadelphia, the development consists of two boutique buildings featuring 60 for-rent residential units and two pre-leased commercial spaces, with premium amenities such as a rooftop deck, club room, and
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Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for the private senior debt financing supporting the acquisition of Tyber Medical, LLC by Montagu Private Equity (“Montagu”). Tyber Medical is a leading orthopedic device manufacturer serving the spine and trauma end markets.As part of the transaction, Montagu will merge Tyber Medical with two of its existing portfolio companies, Resolve Surgical Technologies (“Resolve”) and Intech Medical (“Intech”), to create a
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Alvarez & Marsal (A&M) announced the appointment of Barry Gold as a Managing Director in its Private Equity Performance Improvement (PEPI) group. With Gold’s hire, A&M weaves its in-depth private equity expertise with its infrastructure sector bench strength ensuring the delivery of bespoke end-to-end solutions, from feasibility to exit, for private equity, strategic investors and developers. Nick Alvarez, Managing Director and National Practice Leader of PEPI, commented, “Barry brings a rare
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Integral Ad Science, a leading global media measurement and optimization platform, entered into a second amendment to its credit agreement with a syndicate of banks led by PNC Capital Markets as the joint lead arranger and administrative agent, and HSBC Bank USA and TD Bank as joint lead arrangers and syndication agents. The Credit Agreement Amendment extends the maturity of the revolving credit facility to June 17, 2030, and includes a new $30 million sub-facility for swingline loans in
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Tami Fisher, Chief Information Officer at TAB Bank, was named a winner of the Utah Business Executive Excellence Awards for her leadership in driving the bank’s digital transformation and aligning IT strategy with business objectives.The Executive Excellence Awards is an annual event celebrating the highest achievements in Utah’s business community. This event highlights members of executive teams for their strategic vision, resilient leadership and profound influence on improving the business
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