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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
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 Bank hired David Hasenbalg as a national food and beverage manager. Hasenbalg formerly served as managing director of GE Capital’s Food & Beverage group.
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 increased OSG Billing Services’ credit facility to support the acquisition of WhatCounts.
Trinity Capital Investment launched a third fund, Trinity Capital Investment Fund III, which is expected to provide $600 million of additional capital
Cotiviti Holdings completed the previously announced $900 million refinancing of its first and second lien term loans and revolving credit facility.
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.
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.
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.
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.
Sep 27, 2016: Fall Field Examiner School
Sep 29, 2016: ABI Secured Lender Program
Oct 6, 2016: "Pre-Views" from the Bench
Oct 7, 2016: Bankruptcy: Views from the Bench