Apollo Global Management formed Apollo Strategic Origination Partners, which will originate direct lending solutions and is anchored by Mubadala Investment Company. In addition, Apollo upsized and extended its partnership with Apeiron Management.
Conformis amended the quarterly financial covenants contained in its loan and security agreement, dated June 25, 2019, with Innovatus Life Sciences Lending Fund I as collateral agent and lender, as well as East West Bank and other lenders.
Latham & Watkins added George Klidonas to the firm’s New York office as a partner in the restructuring and special situations practice within the finance department. Klidonas joined Latham from Kirkland & Ellis.
According to an 8K, Wells Fargo served as administrative agent and Wells Fargo Securities served as sole lead arranger and sole bookrunner on an amendment to Mayville Engineering Company’s credit facility. The amendment enhances the maximum leverage covenant ratio.
The ABI reported total commercial Chapter 11 filings during the first six months of 2020 increased 26% to 3,604 from the 2,855 total filings during the same period in 2019, according to data provided by Epiq.
White Oak Commercial Finance provided an $8 million credit facility to a global automotive supplier specializing in the designing, engineering and manufacturing of mechatronic systems and lightweight solutions.
SC&H Capital, an investment bank specializing in M&A advisory, acted as the exclusive investment banker to P-D Valmiera Glass in the sale of substantially all of its assets to Saint-Gobain Adfors America.
Austin Financial Services closed a $2.5 million revolving A/R facility to a logistics and fulfillment company. The company used the proceeds from the revolver to support its growing customer base and near-term plans for expansion.