SMBC Closes $1.1B Sustainability-Linked Credit Facility for Bridgestone
SMBC closed a $1.1 billion sustainability-linked credit facility for Bridgestone Americas, a provider of mobility and tire solutions.
SMBC closed a $1.1 billion sustainability-linked credit facility for Bridgestone Americas, a provider of mobility and tire solutions.
Epiq’s recent January 2021 bankruptcy filing statistics report revealed that January experienced the lowest monthly number of new bankruptcy filings across all chapters since February 2006.
JP Morgan Chase Bank served as issuing lender, joint lead arranger, joint bookrunner and the collateral and administrative agent on a $500 million asset-based revolving credit facility for NGL Energy Partners. The facility will be used to refinance existing debt.
Truist Securities acted as lead arranger with Truist Bank serving as administrative agent for a senior secured revolving credit facility totaling $125 million for REPAY.
Siena Lending Group hired Geoffrey Samuels as vice president of new business originations. In his new role, Samuels will focus on special situations, including Chapter 11, DIP and exit financings. He will report directly to Nick Payne, director of originations for Siena Lending Group.
First Business Bank’s accounts receivable financing group closed a $15 million ledgered line transaction consisting of a $4 million sub-limit against “unbilled A/R” and a $2 million short-term over-advance sub-limit to a provider of international freight forwarding services.
CIT’s healthcare finance business served as sole lead arranger on $16.1 million in financing for the acquisition of a portfolio of dialysis centers by Cypress West Partners.
Exchange Bank appointed Shari DeMaris executive vice president and CFO. Prior to joining Exchange last October, DeMaris served as CFO at Hills Bank and Trust for 15 years.
Clear Thinking Group announced that the U.S. Bankruptcy Court for the District of Minnesota approved its retention by Stock+Field under section 363 of the U.S. Bankruptcy Code, and that Michael Wesley, a partner with Clear Thinking Group, will serve as chief restructuring officer during the Stock+Field Chapter 11 process.
Citizens M&A Advisory served as the financial advisor to Leadec in its acquisition of Diversified Automation, an automation controls and software solutions provider to the express parcel industry.