Kapitus, a provider of financing for small and medium sized businesses, closed a $100 million asset-backed securitization and a $30 million investment-grade corporate note financing. These closings bring Kapitus’ total debt facilities to $540 million.
Alto Ingredients, a producer and distributor of specialty alcohols and essential ingredients, entered into a $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital.
National Funding closed its second asset-backed securitization for $125 million. Guggenheim Securities served as sole structuring advisor and the sole initial purchaser of the notes.
QinetiQ entered into a definitive agreement to acquire Avantus Federal from NewSpring Holdings for an enterprise value of $590 million. Guggenheim Securities served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise.
Kapitus, a provider of small business financing, closed a $200 million asset-backed securitization, expandable to $600 million.
The U.S. Bankruptcy Court for the District of Delaware confirmed Mallinckrodt’s plan of reorganization, paving the way for the company to begin the next stage in its reorganization process.
Washington Prime Group emerged from the Chapter 11 process, signifying the completion of the company’s financial restructuring and the implementation of its plan of reorganization. The company emerged from bankruptcy with its debt reduced by nearly $1 billion.
Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession financing.
H.I.G. Capital, a global alternative investment firm with $44 billion of equity capital under management, provided an investment to Cleo Communications, a global provider of ecosystem integration software solutions. Terms were not disclosed.
Houlihan Lokey Capital and Wells Fargo Securities are serving as financial advisors to AmeriHome in the company’s sale to Western Alliance Bank.