News Archives - ABFJournal

SLR Credit Solutions and Wells Fargo Provide Financing for Skullcandy

SLR Credit Solutions closed a secured first lien term loan in concert with a revolving line of credit from Wells Fargo for Skullcandy, which used proceeds from the financing to refinance existing debt and provide enhanced flexibility.

Wells Fargo Delivers $75MM Asset-Based Lending Facility to Ranger Energy Services

Ranger Energy Services, a provider of well service rigs and associated services to the oil and gas industry, closed a new $75 million asset-based lending facility with Wells Fargo as administrative agent and sole lender.

June 1, 2023 Ranger Energy Services | Stuart Bodden | wells fargo Ian Koplin

Algon Group Adds Veteran Bankruptcy and Restructuring Lawyer as Vice Chairman

Robert Fishman, a veteran bankruptcy and restructuring lawyer, joined the Algon Group, a specialized financial advisory firm, as vice chairman. Fishman, coming out of a very brief retirement, has 40 years of experience representing all parties in insolvency/bankruptcy settings.

June 1, 2023 Algon Group | Robert "Bob" Fishman | Troy Taylor Ian Koplin

Barrett Named Board President of American Factoring Association

Robyn Barrett, senior vice president and managing director of Oxford Commercial Finance, a subsidiary of Oxford Bank, was named incoming president of the American Factoring Association for a two-year term.

June 1, 2023 Mick Goik | Oxford Commercial Finance | Robyn Barrett Ian Koplin

Blackstone Completes Acquisition of Copeland, Formerly Emerson Climate Technologies

Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.

Pemberton Appoints Whooley New Head of Sustainable Investing

Pemberton appointed Niamh Whooley managing director and head of sustainable investing. Whooley has more than 15 years of experience in sustainable investing, having held senior roles at Goldman Sachs, PIMCO, Société Générale and Fidelity International.

June 1, 2023 Niamh Whooley | Pemberton | Symon Drake-Brockman Ian Koplin

Legacy Corporate Lending Provides $7MM Credit Facility to PostWorks New York

Legacy Corporate Lending completed a $7 million credit facility for PostWorks New York, a digital motion picture and post production services provider, to support the company’s ongoing capital needs and continued growth.

June 1, 2023 David Rosen | Legacy Corporate Lending | Paul Martin | PostWorks New York Ian Koplin

Marco Provides $400K Factoring Facility to Mobile OptiX

Mobile OptiX, a U.S.-based company that provides healthcare social assistance through qualified optical professionals, completed a $400,000 factoring facility with Marco.

June 1, 2023 Barry Kastner | Marco | Mobile OptiX | Rob Cash Ian Koplin

CVC Credit Supports Refinancing of Optiv

CVC Credit provided junior loan facilities to support the refinancing of Optiv, a U.S. cybersecurity consultancy and managed security services that is controlled by KKR.

June 1, 2023 CVC Credit | John Empson | KKR | Molly Moore | Optiv Ian Koplin

Brightwood Capital Advisors Shares Investment Activity Totals and Team Changes for 2022

Brightwood Capital Advisors, a middle-market private credit firm, deployed nearly $2 billion of capital to 35 new borrowers in fiscal year 2022. The growth across Brightwood’s platform has led the firm to meaningfully add to its team since the beginning of 2022.

Category: News