BBVA USA named Orlando Castañeda BBVA USA McAllen City president, giving him leadership of all commercial operations in this Texas market.
Essex Capital Group arranged $7.5 million of term debt for Isla Frio, a private startup enterprise formed to develop a new cold storage operation on the island of Puerto Rico.
Varagon Capital Partners will serve as administrative agent, joint lead arranger and joint bookrunner on a senior secured credit facility to support the acquisition of ALC Schools by affiliates of Palladium Equity Partners.
Jefferson Capital completed the acquisition of Canaccede Financial Group, a buyer of charged-off consumer receivables and insolvencies in Canada.
Solar Capital Partners held the final closings of its SCP Private Corporate Lending Fund LP, SCP Cayman Debt Fund LP and SCP SF Debt Fund LP. More than $525 million of equity capital is committed to these new funds, primarily by institutional investors.
Foresight Energy and all of its subsidiaries entered into a restructuring support agreement with ad hoc lender groups holding more than 73% of the approximately $1.4 billion in claims under each of Foresight Energy’s first lien credit agreement and second lien notes.
Stephen J. Healey joined Utica Equipment Finance, a North American provider of equipment-based term loans and leases, as a managing director.
Deutsche Bank Direct Lending provided debt financing for the acquisition of Global Marine Group by an investment affiliate of J.F. Lehman & Company.
Citibank acted as sole structuring agent for Atlas, which closed its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy.
In the second half of February, Crestmark secured a total of $10,450,000 in asset-based lending financial solutions for five new clients. In addition, Crestmark Equipment Finance provided $15,950,106 in nine new lease transactions, Crestmark Vendor Finance provided $4,247,630 in 46 new lease transactions and the Government Guaranteed Lending Division provided a $1,680,000 term loan facility to a solar developer in California for capital expenditures.