Tim Burniston, senior advisor for regulatory strategy at Wolters Kluwer, discusses the implications of a recent survey from Wolters Kluwer that showed lenders are increasingly concerned about new regulations and their ability to manage risk.
Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner (Logan Fund) and its newly recruited lender (GemCap) have gotten the business back in the fast lane.
With a downturn looming, the private credit market is prepared to face a real test. Dean D’Angelo, a partner at Stellus Capital Management, explains how private credit managers can navigate challenging market conditions and continue to produce strong recovery rates.
With the IPO market slowing in 2022 for technology companies, venture debt has become an attractive source of additional capital, and this trend has also opened up opportunities for asset-based lenders. Jennifer Post, managing partner at Thompson Coburn, discusses these trends and more in a Q&A with ABF Journal.
James Stevens, co-leader of the financial services industry group at Troutman Pepper, explains some of the trends in the relatively slow M&A market in 2022.
DCL Corporation, a manufacturer and reseller of color pigments, filed for bankruptcy in the United States and Canada. In support of the restructuring process, Wells Fargo, DCL’s existing lender, agreed to provide up to $55 million in debtor-in-possession financing.
Aspen Neuroscience, a biotechnology company developing autologous cell therapies, including an iPSC-derived autologous neuron replacement treatment for Parkinson’s disease, signed a $40 million credit facility with Silicon Valley Bank. Deal terms were not disclosed.
Titan Mining extended the maturity date of its $40 million credit facility with National Bank of Canada from Dec. 6, 2023, to Dec. 6, 2024.
eCapital increased its syndicated bank facility. Wells Fargo acted as the administrative agent for the facility while serving as joint lead arranger and joint book runner with Regions Bank. The facility increase brings eCapital’s total bank facility commitments to more than $1.2 billion.
Evolv Technology, a provider of artificial intelligence-based weapons detection security screening, closed a $75 million non-dilutive debt financing facility with Silicon Valley Bank.