Kredivo, a digital credit platform for retail borrowers across Indonesia, secured a debt facility of up to $100 million from Victory Park Capital, a global alternative investment firm, to fund consumer loans for Kredivo’s borrowers in Indonesia.
Digerati Technologies’ operating subsidiary, T3 Communications, closed a $20 million senior secured credit facility with Connecticut-based Post Road Group. The facility enables continued expansion of Digerati’s U.S. operations through organic growth efforts and targeted acquisitions.
Hunter Street Partners and Five Crowns Credit Partners will increase the total size of their senior secured term loan for TriStruX to $14.25 million. The funds will be used to finance the acquisition of High Point Utilities.
Societe Generale, MUFG Bank, Natixis, Rabobank and ING Capital served as joint lead arrangers on a $1.7 billion one-year, senior secured borrowing base revolving facility for Mercuria’s North American operating entities.
DataLink Software raised a senior secured credit facility led by Varagon Capital Partners, with participation from Comvest Partners and BC Partners Credit. In addition, DataLink received a growth investment from an investor group led by DWS’s global private equity business.
400 Capital Management, a $4.4 billion alternative credit asset manager, hired Quinn R. Barton III to expand its investments in commercial real estate finance. Barton, formerly a managing partner at Carmel Partners, joined as a senior portfolio manager of CRE and CMBS.
Huron Consulting Group is serving as financial advisor for Northwest Hardwoods, which filed for relief under Chapter 11 of the Bankruptcy Code. Bank of America and Wells Fargo will refinance an existing ABL facility as part of the company’s financial restructuring.
Nevada Copper agreed to non-binding terms with KfW IPEX-Bank GMBH and is engaged in ongoing discussions with other lenders to provide a combined financing package of at least $30 million. KfW will provide a $15 million senior loan as part of the package.
Prestige Capital Finance delivered a $2 million factoring facility to a reverse logistics company that specializes in managing excess inventory on behalf of its retail clients.
Nuverra Environmental Solutions closed a multi-faceted debt refinancing with First International Bank and Trust. The debt refinancing includes $13 million in equipment financing, a $5 million undrawn working capital revolver and a $4.839 million letter of credit facility.