Today’s News

    CIT Leads ICONIQ’s Equity Recap of T5 Data Centers

    CIT Communications & Technology Finance served as sole lead arranger and sole lead bookrunner for a senior secured credit facility to ICONIQ Capital. The financing supported ICONIQ’s equity recapitalization of T5 data centers in Oregon and Texas.

    City National Hires Former GE Capital MD to Launch Food & Beverage Unit

    City National Bank hired David Hasenbalg as a national food and beverage manager. Hasenbalg formerly served as managing director of GE Capital’s Food & Beverage group.

    Durable Goods Orders Remain Relatively Unchanged in August

    New orders for manufactured durable goods in August remained virtually unchanged, decreasing just $100 million to $226.9 billion, according to the latest report from the U.S. Census Bureau.

    Monroe Capital Supports OSG Acquisition of WhatCounts

    Monroe Capital increased OSG Billing Services’ credit facility to support the acquisition of WhatCounts.

    Trinity Capital Investment Launches New SBIC Fund

    Trinity Capital Investment launched a third fund, Trinity Capital Investment Fund III, which is expected to provide $600 million of additional capital

    JPMorgan, Barclays, Others Arrange Cotiviti $900MM Refi

    Cotiviti Holdings completed the previously announced $900 million refinancing of its first and second lien term loans and revolving credit facility.

    Wells Fargo Agents Int’l Speedway Facility Extension

    International Speedway Corporation extended the maturity of its $300 million revolving credit facility to September 2021. Wells Fargo served as administrative agent for the transaction.

    JPMorgan Chase Agents New $450MM Compass Minerals Facility

    Compass Minerals received a new $450 million senior secured term loan to purchase the remaining equity in Brazilian plant nutrients manufacturer Produquímica. JPMorgan Chase acted as administrative agent.

    Credit Suisse Upsizes GYP Facility to $481MM

    GYP Holdings III, a GMS subsidiary, refinanced a $381 million term loan, increasing funds to $481 million. Credit Suisse acted as administrative agent and collateral agent.

    AB Opportunity Fund, Others Provide $4.1MM DIP for Cosi

    Cosi filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Massachusetts. The company is planning to initiate a 363 sale to improve its financial position.