Tree Line Capital Partners and CVC Credit Partners increased their existing term loan to $127.3 million for Ingenio in support of an add-on acquisition.
Bank of Montreal’s technology and innovation banking group expanded iLOOKABOUT’s credit facility by $4 million in support of its recent acquisition of Apex.
CIBC Bank provided a new asset-based credit facility to Armor Express to enhance the company’s financial flexibility and support its growth.
Akorn, a specialty pharmaceutical company, completed its sale to its term loan lenders and exited Chapter 11 protection.
PwC’s recent report, “Securing your tomorrow, today – The future of financial services,” predicted that alternative providers of capital are on track to become an even more important part of the global financial system.
CohnReznick added David Weinstein to its restructuring and dispute resolution practice, expanding senior resources for debtor and lender workouts and restructuring both in and out of court in the Southeast.
CIT’s asset-based lending business served as agent and sole lender on a $75 million revolving credit facility for Skillsoft, a global provider of learning and talent management solutions.
Oxford Finance closed a $74 million senior credit facility and revolving line of credit for Specialty Dental Brands, which will use the proceeds to fund add-on acquisitions, for general working capital and to refinance existing debt. Oxford Finance is the sole lead arranger and administrative agent.
Mastech Digital acquired AmberLeaf Partners. Concurrent with the acquisition, Mastech Digital entered into a revised credit facility with PNC Bank, which increased the term loan facility by approximately $10 million to $17.5 million and increased the revolving loan facility to $30 million.
White Oak Global Advisors entered a formal partnership with the Sustainability Accounting Standards Board. This partnership will enable White Oak to incorporate SASB’s standards into its ESG research and underwriting processes for prospective credit issuance.