Asset-based lending can be an attractive business, but not every organization is built for it. Charlie Perer of SG Credit Partners outlines why some community banks were quick to seek ABL out and just as quick to exit the space.
According to an 8K filed with the SEC, Bank of America served as administrative agent, swing line lender and a letter of credit issuer on an amendment to KBR’s existing credit agreement.
Perceptive Advisors closed a $50 million credit facility for Pear Therapeutics, a provider of prescription digital therapeutics.
Sarita Jha, CFA, joined Trimingham’s London office to lead its restructuring practice in the UK, Europe and the Middle East. Jha previously worked for UniCredit Principal Investments for 10 years.
Green Ivy Capital, an affiliate of Chicago Atlantic Group, acted as sole lead arranger and administrative agent on a new $30 million senior secured term loan facility for Verano Holdings.
BHI appointed Jocelyn Bluth its chief people officer. Bluth joined BHI with more than 25 years of human resources experience in banking and financial services. She previously served as a human resources executive for Golub Capital.
White Oak Commercial Finance increased funding on its $75 million asset-based credit facility with Hunt & Sons by $6 million.
The PNC Financial Services Group added two new members to its executive committee. Carole Brown will be head of PNC’s asset management group (AMG) and Richard K. Bynum will serve in the newly created role of chief corporate responsibility officer.
MidCap Business Credit closed on a $4.5 million asset-based revolving line of credit for CR Brands, a consumer packaged goods company headquartered in West Chester Township, OH.
Taulia appointed Christian Lindemann as director of supply chain finance EMEA. He previously worked at Macquarie Group in the corporate and asset finance division.