Encina Private Credit served as administrative agent and collateral agent for a senior secured credit facility supporting H.I.G. Capital’s acquisition of Penhall Company, a provider of specialty concrete services. Marathon Asset Management led the facility.
Bridger Aerospace Group Holdings, an aerial firefighting company, entered into a joint venture partnership with Marathon Asset Management and Avenue Capital’s Sustainable Solutions Fund.
Alex Howell joined Marathon Asset Management, a global credit investment manager, as a senior managing director and head of European alternative credit, responsible for leading public investments, corporate capital solutions, special situations and direct lending in Europe.
Theratechnologies finalized all documentation giving effect to the amendments of some terms and conditions of its credit agreement for which Marathon Asset Management acts as investment manager for certain funds and accounts.
Theratechnologies reached an agreement in principle to amend some of the terms and conditions of its credit agreement dated July 20, 2022, as amended from time to time, with certain funds and accounts for which Marathon Asset Management, acts as investment manager.
Theratechnologies, a biopharmaceutical company, entered into an agreement with Marathon Asset Management to amend its term loan facility credit agreement to lower the minimum liquidity the company must maintain at any time to $15 million from $20 million.
Marathon Asset Management closed Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending fund. The fund, which was oversubscribed, accepted $1.7 billion of capital commitments from a global base of institutional and high net worth investors.
Theratechnologies drew down on its second tranche of $20 million under its credit agreement dated July 20, 2022, as amended, with certain funds and accounts for which Marathon Asset Management acts as investment manager.
Marathon Asset Management, a global credit investment manager, named Ed Cong its newest partner. Cong, who joined the firm 17 years ago, will continue to serve as senior portfolio manager for the firm’s structured credit and asset-based lending businesses.
Scott Boyle joined Marathon Asset Management as managing director and global co-head of consultant relations. Prior to joining Marathon, Boyle was senior vice president and managing director for North America institutional consultant relations at AllianceBernstein.