Ellie Delany, Author at ABFJournal

BofA, PNC, Truist & Wells Upsize Quanta Services Facility to $2.5B

Quanta Services amended its credit agreement to increase the aggregate revolving commitments of the lenders from $2.135 billion to $2.510 billion. BofA Securities, PNC Capital Markets, Truist Securities and Wells Fargo Bank acted as arrangers for the amendment.

Heritage Global Promotes Executives Ludwig and Dove to President Positions

David Ludwig, former president of Heritage National Loan Exchange and Nick Dove, former EVP at Heritage Global Partners were promoted to president of financial assets division and president of industrial assets division, respectively.

Citi GPS Report Estimates $16T in Lost GDP Due to Racial Inequality in the U.S.

Citi released a report that estimates the economic losses attributed to racial inequality in the U.S., which posits the lost GDP of systemic and societal racism and discrimination faced by Blacks over the last 20 years to be $16 trillion and provides recommendations the public and private sectors can take to help close the gap.

BBX Capital to Provide IT’SUGAR DIP in Chapter 11

IT’SUGAR and its subsidiaries has filed voluntary petitions under Chapter 11 of Title 11 of the U.S. Code. Subject to Bankruptcy Court approval, a subsidiary of New BBX Capital will provide debtor-in-possession financing to IT’SUGAR under the protections of the bankruptcy code.

September 23, 2020 BBX Capital Corporation | BBX Capital Florida | IT’SUGAR Ellie Delany

Iron Horse Credit Provides $1MM Stand-Alone Inventory Facility to E-Commerce Retailer

Iron Horse Credit provided a $1 million stand-alone inventory facility to an e-commerce retailer and wholesaler of sports eyewear and accessory products.

September 23, 2020 Iron Horse Credit Ellie Delany

Pivot Financial Provides $7.5MM GreenSpace Debt Facility

GreenSpace Brands has entered a new credit facility with Pivot Financial to replace its previous ABL facility. The structure and conditions of the new debt facility include a $3.5 million term loan and a $4.0 million full recourse accounts receivable factoring facility.

September 23, 2020 GreenSpace Brands | Pivot Financial Ellie Delany

Hedaya Capital Group Completes a $1MM Factoring Facility for an Outdoor Apparel

The Hedaya Capital Group completed a $1 million factoring facility for a family-owned outdoor apparel company. Inspired by nature’s playground, the company introduces innovative clothing and gear to outdoorsmen and hunters.

September 23, 2020 Hedaya Capital Group Ellie Delany

Guardian Capital Partners Promotes Fisher to Vice President

Guardian Capital Partners promoted Evan S. Fisher to vice president. Fisher originally joined Guardian in 2019 as a senior associate and most recently helped lead Guardian’s investment in Flat River Group, an eCommerce specialty distribution services provider

September 21, 2020 Evan S. Fisher | Guardian Capital Partners Ellie Delany

Encina Business Credit Provides $50MM Revolver to News Publishing Company

Encina Business Credit provided a $50 million senior secured credit facility to a news publishing company.

September 21, 2020 Encina Business Credit Ellie Delany

Fortress Value Acquisition Adds Two Board Members to MP Materials After Merger

Maryanne Lavan, SVP, general counsel and corporate secretary for Lockheed Martin, and Connie Duckworth, former partner and managing director of Goldman Sachs, joined the board of director at MP Materials.

Author: Ellie Delany