Skadden Arps Slate Meagher & Flom Archives

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.

JP Morgan Securities Advises on Corebridge Financial Sale of AIG Life Limited to Aviva

Corebridge Financial entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva for a total consideration of £460 million ($462 million) in cash.

Citibank Agents Amendment to BlackRock Capital Investment Corporation’s Revolver

BlackRock Capital Investment Corporation entered into an amendment to its $265 million senior secured revolving credit agreement. According to an 8K filed with the SEC, Citibank is the administrative agent for the facility.

September 7, 2023 BlackRock Capital Investment Corporation | Citibank | Skadden Arps Slate Meagher & Flom Phil Neuffer

Banc of California to Merge with PacWest Bancorp

Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction.

Rithm Capital Acquires Sculptor Capital Management for Approximately $639MM

Rithm Capital and Sculptor Capital Management entered into a definitive agreement under which Rithm will acquire Sculptor in a transaction valued at approximately $639 million, which includes $11.15 per Class A share of Sculptor.

Blackrock to Acquire Private Debt Manager Kreos Capital

BlackRock and Kreos Capital entered into a definitive agreement under which BlackRock will acquire full control of Kreos, which is a provider of growth and venture debt financing to companies in the technology and healthcare industries.

Fortress Management and Mubadala to Acquire Fortress Investment Group

Fortress Investment Group and Mubadala Investment Company, through its wholly-owned asset management subsidiary, Mubadala Capital, entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group, who have been the owners of Fortress since 2017.

Sumitovant Biopharma Completes Acquisition of Myovant Sciences

Sumitovant Biopharma completed its acquisition of Myovant Sciences originally announced Oct. 23, 2022. Sumitovant has acquired all outstanding shares of Myovant not already owned by Sumitovant in an all-cash deal with a total transaction value of approximately $1.7 billion.

Industrial Logistics Properties Trust Closes $1.235B Debt Financing with Syndicate of Lenders

Industrial Logistics Properties Trust closed on a $1.235 billion debt financing with a final maturity date of Oct. 9, 2027. The financing is secured by a portfolio of 104 industrial properties containing approximately 18.6 million square feet across 31 states.

WSFS and Francisco Partners Provide $250MM Term Loan to 8×8

8×8, an integrated cloud communications platform provider, entered into a $250 million senior secured term loan facility in a transaction led by Francisco Partners. Wilmington Savings Fund Society will serve as administrative agent, with certain affiliates of Francisco Partners as lenders.

August 4, 2022 8x8 | Francisco Partners | J. Wood Capital Advisors | Skadden Arps Slate Meagher & Flom | Wilmington Savings Fund Society Ian Koplin

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