Pathlight Capital provided a $150 senior secured term loan facility for HBC, a holding company of portfolio businesses operating at the intersection of retail and real estate, including HBC Properties and Investments, Saks Fifth Avenue, Hudson’s Bay and Saks OFF 5TH.
First Eagle Investment Management launched First Eagle Credit Opportunities Fund, a multi-sector portfolio investing primarily in private and public credit assets, including direct lending, middle market “club” loans, syndicated bank loans and high yield bonds.
Oxford Finance, a finance firm that provides senior debt to healthcare services and life sciences companies, provided a $44.6 million senior credit facility and revolving line of credit to MDA Capital Group, a consulting services provider to the nursing home industry.
CIT Northbridge Credit served as sole lead arranger on a $20 million senior secured facility for London, KY-based Laurel Grocery, a wholesale distributor of grocery products to more than 160 independent grocers in Georgia, Indiana, Kentucky, Ohio, Tennessee and West Virginia.
The Sterling Group, a Houston-based middle market private equity and private credit firm, added Jenny Harris as managing director of the firm’s credit fund. Harris was most recently a managing director at BNP Paribas.
BHH Capital Partners provided Chime Solutions, a Georiga-based provider of customer contact services, with a $30 million recapitalization investment.
Pacific Mercantile Bank provided an $8 million credit facility, as well as treasury management services, to San-Diego based Upstrēm, a technology-enabled liquidator of post-retail soft goods.
Owl Rock Capital Group and Dyal Capital Partners confirmed they are in discussions regarding a potential strategic combination. The parties have signed a non-binding letter of intent and are engaged in exclusive negotiations with Altimar Acquisition Corporation, a special purpose acquisition company, to facilitate the potential combination.
InterNex Capital provided a $1.5 million line of credit to a Maryland-based company that assists organizations in bringing drug treatments to the market through health research services.
White Oak Commercial Finance’s government contracting finance arm provided a $1.5 million factoring facility to a service-disabled veteran-owned 8(a) company that provides operational and technical engineering support to the U.S. Army Cyber Command.