Avenue Capital Group Provides $40MM in Debt Financing to Beyond Air
Beyond Air, a commercial stage medical device and biopharmaceutical company, secured senior secured debt financing of up to $40 million from funds managed by Avenue Capital Group.
Beyond Air, a commercial stage medical device and biopharmaceutical company, secured senior secured debt financing of up to $40 million from funds managed by Avenue Capital Group.
M&T Bank announced it will transition certain outstanding floating rate and fixed-to-floating rate debt securities, preferred stock and trust preferred securities currently using three-month U.S. dollar LIBOR as the reference rate to CME Term SOFR after June 30.
According to the Equifax Canada Market Pulse Business Credit Trends Report for Q1/23, new data suggests a pattern of credit expansion and a significant shift in credit usage in Canada this year.
Quarterhill, a provider of tolling and enforcement solutions for the intelligent transportation system industry, reached an agreement in principle with its existing syndicate of bank lenders led by HSBC Bank Canada on an amendment to the existing credit agreement of a subsidiary.
Margo Butsch will be retiring from her position as executive vice president and chief credit officer at Heritage Bank of Commerce after eight years with the bank.
Clifford Chance appointed Ness Cohen managing partner of the New York office. Cohen’s practice focuses on real estate private equity and joint ventures as well as acquisitions, dispositions and financings involving real estate.
Molecular Templates, a clinical-stage biopharmaceutical company, entered into a restructuring agreement with K2 HealthVentures to satisfy and discharge its outstanding secured debt obligations.
Entourage Health, a Canadian producer and distributor of cannabis products, partially repaid its senior secured credit facility with BMO and transitioned the remaining balance to the LiUNA Pension Fund of Central and Eastern Canada.
Lannett Company, a developer, manufacturer, packager, marketer and distributer of generic pharmaceutical products, emerged from Chapter 11 bankruptcy following the confirmation of its plan of reorganization on June 8.
Middle-market businesses need relationships with financial intuitions that have deep and proven domain expertise, vast capabilities and a wealth of product offerings to succeed, but finding such a financing partner can be difficult. Brendan Chambers of First Citizens Bank provides guidance so middle-market clients can get what they need and no less.