Bridge Bank, a division of Western Alliance Bank, announced that its Innovation Banking Group has provided a new $20 million credit facility to industry-leading digital accessibility company AudioEye, Inc.The largest portion of the credit facility is a new $12 million term loan that replaces AudioEye’s existing term loan. The new deal also includes a $3 million revolver and a $5 million delayed draw term loan for potential “tuck-in” acquisitions.AudioEye combines AI-powered automation, custom
Read Story
|
MetLife Investment Management (MIM), the institutional asset management business of MetLife, originated $21.6 billion in private credit transactions in 2024. MIM’s private credit assets under management stood at $129.1 billion as of December 31, 2024.1 MIM’s origination was well diversified across the private credit platform with:
$6.8 billion in residential credit,
$6.4 billion in corporate debt,
$5.6 billion in infrastructure debt,
$2.8 billion in asset-based finance transactions.
“MIM is a
Read Story
|
Monroe Capital, Sumitomo Mitsui Banking Corporation (SMBC) and MA Asset Management (part of MA Financial Group) announced the formation of a new joint venture (“JV”), which will invest up to US$1.7 billion in senior secured loans to U.S. middle market borrowers. The JV harnesses the complementary capabilities of the three partnering institutions to establish a differentiated platform focused on the attractive middle market subset of private credit.The JV expects to benefit from broad access to
Read Story
|
Ares Management Corporation announced that funds managed by its Credit Group closed approximately $11.5 billion in U.S. direct lending commitments across 81 transactions during the first quarter of 2025 and approximately $50.4 billion in direct lending commitments across 351 transactions in the 12 months ended March 31, 2025. The $50.4 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business. Below is a description of selected transactions that
Read Story
Filed Under:
May 05, 2025 @ 08:15 AM
|
Rite Aid Corporation announced that it is pursuing a strategic and value-maximizing sale process for substantially all of its assets. To facilitate this process, the Company and its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey.To support Rite Aid during its sale process, which it intends to conduct under section 363 of the U.S. Bankruptcy Code, the Company has secured commitments from certain of its existing lenders to access
Read Story
|