Posts – ABFJournal

Mitsubishi HC Capital Canada Targets Further Expansion into Technology Sector

Mitsubishi HC Capital Canada is launching a new division and introducing additional financing solutions customized for Canada’s growing technology sector. The company hired Jim Moschos as the director of the new technology finance division. Moschos and his team will provide financing options that help end-users acquire hardware, software and services.

eCapital Hires Irvin as SVP and Business Development Officer

eCapital hired Edward Irvin as a senior vice president and business development officer. Irvin’s appointment will strengthen the company’s presence in the Southwest and on the West Coast. Previously, Irvin served as managing director of commercial services at Webster Bank.

April 23, 2024 Business Development Officer | eCapital | Edward Irvin | senior vice president | Tom Siska Brianna Wilson

Fidelity Direct Lending and Manulife Provide $285MM Debt Facility to The Smilist

Northeast-focused dental support organization The Smilist Management closed a $285 million unitranche debt facility. Fidelity Direct Lending acted as administrative agent on the transaction and Manulife Investment Management served as joint lead arranger.

April 23, 2024 Andrew Mintz | Fidelity Direct Lending | Manulife Investment Management | The Smilist | The Smilist Management Phil Neuffer

Jefferies, Macquarie and Antares Arrange $435MM in Debt Financing for Crisis Prevention Institute

Crisis Prevention Institute (CPI), a provider of de-escalation and crisis prevention training programs for workplaces, completed a $435 million debt financing. Jefferies Finance, Macquarie Capital and Antares Capital acted as joint lead arrangers for the financing.

FTC Sues to Stop $8.5MM Acquisition of Capri by Tapestry

The Federal Trade Commission sued to block Tapestry’s $.85 billion acquisition of Capri, a deal that would combine Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand.

Express Receives Commitment for $35MM in Financing as Part of Chapter 11 Filing

Express filed voluntary Chapter 11 bankruptcy petitions in the U.S. Bankruptcy Court for the District of Delaware and received a commitment for $35 million in new financing from certain of its existing lenders.

April 23, 2024 Express Phil Neuffer

BMO Launches Climate Financing Program in U.S.

BMO launched its Greener Future Financing program in the U.S. The program is a climate financing program designed to help small and medium-sized businesses build climate-resilient operations.

April 23, 2024 BMO | Michael Torrance | Niamh Kristufek Phil Neuffer

Mountain Ridge Capital Delivers $20MM Revolving Credit Facility to Danimer Scientific

Bioplastic company Danimer Scientific entered into an asset-based revolving credit and security agreement with Mountain Ridge Capital secured primarily by the company’s accounts receivable and inventory. The agreement provides for borrowings under a revolving commitment of $20 million.

April 23, 2024 Danimer Scientific | Mountain Ridge Capital Phil Neuffer

Monroe Capital Arranges Credit Facility for Bishop Lifting Products

Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the growth of Bishop Lifting Products, an existing portfolio company of Altamont Capital Partners.

April 23, 2024 Altamont Capital Partners | Bishop Lifting Products | Monroe Capital Phil Neuffer

TD Bank and Others Arrange Credit Facility for Mattr

Materials technology company Mattr closed on its credit facility with TD Bank and National Bank Financial Markets as co-lead arrangers and joint bookrunners, and Royal Bank of Canada, JPMorgan Chase, Export Development Canada and ATB Financial as lenders.

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