First Citizens Bank’s healthcare finance business provided $36.2 million in acquisition financing to Anchor Health Properties to recapitalize three medical office buildings located in Charlotte, NC, and Seattle.
JPMorgan Chase announced multiple personnel moves across its executive leadership team, including promoting Jennifer Piepszak and Troy Rohrbaugh to co-CEOs of its expanded commercial and investment bank.
Hilco Corporate Finance (HCF), Hilco Global’s investment banking advisory firm, named Mark Birkett senior managing director for capital advisory. He will be based in HCF’s Chicago office.
SBA Communications and its wholly-owned subsidiary, SBA Senior Finance II, obtained a seven-year, $2.3 billion senior secured term loan B and increased its existing revolving credit facility from $1.5 billion to $1.75 billion. TD Securities and Mizuho Bank were joint lead arrangers for the transaction.
LBC Credit Partners, a provider of financing solutions to middle market companies and a division of CIFC Asset Management, promoted Homyar Choksi to deputy chief investment officer. Based in LBC’s Radnor, PA, headquarters, Choksi will continue to serve on the firm’s investment committee and lead the originations team while assuming additional investment responsibilities.
The TCW Group, a global investment firm with more than $200 billion of assets under management, launched a dedicated asset-backed finance business that will be anchored with more than $1 billion in capital commitments from TCW, its partners and affiliates.
Atwell, a consulting, engineering and construction services firm, secured a $200 million senior credit facility with a lending group led by Bank of America. U.S. Bank, TD Bank and Old National Bank are also part of the lending group.
According to a study from Runway Growth Capital, 88% of venture capital firms reported their portfolio companies plan to pursue venture debt in the next 12-18 months and 67% of entrepreneurs are willing to raise venture debt with a non-bank or specialty finance lender.
Huntington Business Credit closed a $10 million credit facility for American Nitrile Operations on Dec. 12, 2023. American Nitrile Operations used proceeds of the facility to fund working capital and continue investment in its glove production capacity.
Culain Capital Funding provided a $3 million accounts receivable factoring facility to a mechanical services company based in New York.