Phil Neuffer, Author at ABFJournal

JPMorgan Chase Arranges $500MM Term Loan as Part of $1B Package for Tillman Infrastructure

Tillman Infrastructure, a provider of wireless communication infrastructure, completed a financing package totaling $1 billion, including a $500 million term loan arranged by JPMorgan Chase and $500 million from HPS Investment Partners, Apollo and Oak Hill Advisors.

CIBC and Others Deliver Term Loan and Revolver as Part of $580MM Debt Capital Raise by Conterra

Conterra Ultra Broadband, a provider of fiber-optic network-based infrastructure and services, completed a debt capital raise totaling $580 million, including a term loan and revolving credit facilities being provided by CIBC, National Bank of Canada, NordLB, SMBC and Export Development Canada.

Lombard Odier Investment Managers Closes $25MM Working Capital Facility for On.Energy

On.Energy, a North American electric power asset owner and integrator of battery energy storage systems, closed a senior secured first lien facility with institutional asset management company Lombard Odier Investment Managers.

KeyBank Provides $4MM Revolving Line of Credit to KBS Builders

KBS Builders, a business of Star Equity Holdings, closed a $4 million revolving line of credit with KeyBank. KBS Builders intends to use the facility to meet its working capital requirements and execute its business plan.

April 26, 2024 David Noble | KBS Builders | KeyBank | Star Equity Holdings Phil Neuffer

b1BANK to Acquire Oakwood Bank for $85.7MM

Business First Bancshares, the holding company for b1BANK, entered into a definitive agreement to acquire Oakwood Bancshares and its wholly-owned bank subsidiary, Oakwood Bank, in an all-stock transaction for total consideration value of approximately $85.7 million.

MassMutual Invests in Apollo Asset-Backed Finance Franchise

MassMutual made an investment to become a minority equity owner in ATLAS SP Partners, the. warehouse finance and securitized products business of Apollo. As part of the commitment, MassMutual also agreed to invest in Apollo’s asset-backed finance franchise.

Blue Owl Leads $400MM in Debt Financing for PCF Insurance Services

Insurance brokerage PCF Insurance Services closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and administrative agent for the transaction.

April 25, 2024 Blue Owl | Felix Morgan | Lukas Spiss | PCF Insurance Services Phil Neuffer

Blackstone Credit and Insurance Appoints Leiter Head of International, Carruthers Head of Private Credit in Europe

Blackstone appointed Dan Leiter head of international for Blackstone Credit and Insurance and Michael Carruthers European head of private credit. Leiter will lead the activity and expansion of the organization in EMEA and APAC regions.

April 25, 2024 Blackstone | Blackstone Credit and Insurance | Dan Leiter | Gilles Dellaert | Michael Carruthers Phil Neuffer

Independent Financial Advisors Increasingly Reallocating from Fixed Income to Private Credit

According to a survey of more than 50 independent financial advisors conducted by alternative investment platform Crystal Capital Partners, there is a growing demand for private credit strategies among independent financial advisors.

April 25, 2024 Crystal Capital Partners | Steven Brod Phil Neuffer

B. Riley Securities Advises GCT Semiconductor on $667MM Business Combination

B. Riley Securities served as exclusive financial advisor to GCT Semiconductor, a fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions, in connection with its approximately $667 million business combination with Concord Acquisition Corp III.

Author: Phil Neuffer