SFX Entertainment Closes $20MM Financing With Catalyst Fund
SFX Entertainment has secured $20 million in new financing for itself and certain subsidiaries from Catalyst Fund Limited Partnership V.
SFX Entertainment has secured $20 million in new financing for itself and certain subsidiaries from Catalyst Fund Limited Partnership V.
J.C. Penney received $500 million of incremental bank commitments to increase the size of its existing ABL revolver to $2.35 billion. Wells Fargo, J.P. Morgan, Barclays, BofA Merrill, Citizens, Regions and HSBC co-led the arrangement and syndication of the deal.
Siena Lending Group announced the completion of a $27 million credit facility for Sypris Solutions encompassing a $15 million asset-based revolver and a $12 million arranged term loan.
The Royal Bank of Scotland appointed Agness Nairn as the head of its Asset-Based lending team in Scotland.
FirstMerit Business Credit and FirstMerit Equipment Finance announced the closing of $25 million of credit and leasing facilities encompassing a revolver and equipment lease line, respectively with Sakhi Automotive.
Conn’s announced the closing of its amended credit facility that provides for an $810 million asset-based revolver with a lender group led by Bank of America in its capacity as agent for the lenders.
Regions Financial said it acquired BlackArch Partners, a private, middle-market mergers and acquisitions advisor firm.
Fifth Street Management served as lead arranger and administrative agent for a $130 million one-stop financing facility in support of Webster Capital portfolio company, Behavioral Health Holdings.
Security Business Capital said it hired Derek Dunn as vice president, business development officer. Dunn joins from Presidential Financial where he was vice president.
In the month of September, Gulf Coast Business Credit (GCBC) said it funded 15 new factoring and asset-based lending (ABL) relationships.