BB&T Makes $5MM Investment in Fintech Company Enigma

BB&T made a $5 million investment in Enigma, a DaaS company headquartered in New York City. This is the first outlay of BB&T’s previously announced $50 million fintech commitment.

Ziegler Anchors Locust Point Private Credit Fund

Ziegler served as an anchor investor in the Locust Point Private Credit Fund, which closed oversubscribed at $312 million.

Oxford Finance Provides Credit Facility to Unitek Learning

Oxford Finance closed a senior credit facility for Unitek Learning, a portfolio company of Cressey & Company. Oxford served as the sole lender and administrative agent on the transaction.

Antares Supports ShoreView Industries Recap

Antares Capital served as joint lead arranger and will act as administrative agent on a senior secured credit facility to support the recapitalization of MDC Interior Solutions by ShoreView Industries.

Capital Advisors Appoints Spazek to Head Debt Placement Team

Capital Advisors Group selected Stefan Spazek to lead its Debt Finance Consulting Group.

AloStar Capital Finance Commits $20MM to Fenix Parts

AloStar Capital Finance agented and closed a $20 million credit facility to support the recent acquisition of Fenix Parts by Stellex Capital Management, a middle market private equity firm.

AloStar Capital Finance, Fenix Parts, Stellex Capital Management, Andy McGhee

Columbia Appoints Dempsey Head/Commercial Banking

Joseph Dempsey has joined Columbia Financial as EVP, head of Commercial Banking. Dempsey was previously with JPMorgan Chase as New Jersey market president and chair of its Market Leadership Team.

SunTrust Agents Goldman Sachs BDC Revolver Amendment

Goldman Sachs BDC amended its senior secured revolving credit agreement to, among other things, reduce the company’s minimum asset coverage ratio financial covenant from 200% to 150%. SunTrust served as administrative agent for the transaction.

Arbitration/Damages Expert Taylor Joins AlixPartners

Arbitration and damages expert Greig Taylor joined AlixPartners as a managing director in its Investigations, Disputes & Risk practice. He is based in AlixPartners’ New York office.

SEC Charges Citigroup for Dark Pool Misrepresentations

The Securities and Exchange Commission entered an order finding that Citigroup Global Markets misled users of a dark pool operated by one of its affiliates.