AlixPartners promoted 15 individuals to the level of managing director on Jan. 1.
Danske Bank is adjusting its business unit setup. Going forward, the bank’s commercial activities will be organized in three business units headed by Berit Behring, Christian Bornfeld and Johanna Norberg.
Coherus BioSciences entered into a loan agreement with investment funds managed by Pharmakon Advisors. The agreement provides an up to $300 million credit facility, with funds spread across four tranches.
Notable ABL Transactions Data gathered from direct sources, news releases and other public information — covers 1/1/22 through 3/31/22. All dollar amounts are in millions.
OSI Systems entered into an amendment to its senior secured credit facility that increases the aggregate amount available from $535 million to $750 million. Wells Fargo Bank is the administrative agent for the facility.
Aterian signed an asset-backed credit facility with MidCap Financial Trust. The credit facility has a three-year term and gives Aterian access to up to $50 million in total credit.
Simmons Bank created a new corporate banking division, consolidating its specialty lending verticals. Paul Lowe will lead the new unit as executive vice president of corporate banking.
Urgently, a provider of digital roadside and mobility services, secured up to $75 million in debt financing from certain funds managed by Highbridge Capital Management, Onex Credit and Whitebox Advisors.
Dominion Lending Centres closed new credit facilities with TD Bank, including three senior term credit facilities totaling $35 million and a junior term credit facility totaling $32 million.
Ravi Mallela, executive vice president and CFO of First Hawaiian Bank, will resign from his post on Jan. 7. Ralph Mesick, vice chairman and chief risk officer of First Hawaiian Bank, will serve as interim CFO.