Phil Neuffer, Author at ABFJournal

Victory Park Capital Supplies $100MM Debt Facility to Kredivo

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.

November 25, 2020 Gordon Watson | Kredivo | Umang Rustagi | Victory Park Capital Phil Neuffer

Post Road Group Delivers $20MM Credit Facility to Digerati Technologies

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.

November 25, 2020 Andrew Runk | Arthur L. Smith | Digerati Technologies | Post Road Group | T3 Communications Phil Neuffer

Hunter Street, Five Crowns Support TriStruX’s Acquisition of High Point Utilities

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, Natixis, Rabobank, ING Arrange $1.7B Facility for Mercuria

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.

Varagon Capital Partners Provides Senior Secured Credit Facility to DataLink

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 Hires Barton as Senior Portfolio Manager of CRE, CMBS

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.

November 25, 2020 400 Capital Management | Chris Hentemann | Quinn R. Barton III Phil Neuffer

Huron Advises Northwest Hardwoods in Restructuring; BofA and Wells to Refinance ABL

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.

KfW to Provide $15MM Senior Loan as Part of Nevada Copper Financing Package

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.

November 25, 2020 KfW IPEX-Bank GmbH | Nevada Copper | Pala Investments Phil Neuffer

Prestige Capital Delivers $2MM Factoring Facility for Reverse Logistics Company

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.

November 25, 2020 Prestige Capital | Stuart Rosenthal Phil Neuffer

First International Supplies Debt Refinancing to Nuverra

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.

November 25, 2020 Charlie Thompson | First International Bank and Trust | Nuverra Environmental Solutions Phil Neuffer

Author: Phil Neuffer