News Archives - ABFJournal

JPMorgan Chase Arranges $500MM Term Loan as Part of $1B Package for Tillman Infrastructure

Tillman Infrastructure, a provider of wireless communication infrastructure, completed a financing package totaling $1 billion, including a $500 million term loan arranged by JPMorgan Chase and $500 million from HPS Investment Partners, Apollo and Oak Hill Advisors.

U.S. Bank CFO Survey: Corporate Finance Leaders Tighten Belts Amid Uncertainty

U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report.

April 26, 2024 CFO Survey | Stephen Philipson | U.S. Bank Brianna Wilson

Axiom Bank Expands Factoring Team with Addition of Brame as VP and Business Development Officer

Axiom Commercial Finance, a subsidiary of Axiom Bank, expanded its team with the hiring of Norman Brame as vice president and business development officer. In his new role, Brame will be focused on originating new factoring business in the Southeast.

CIBC and Others Deliver Term Loan and Revolver as Part of $580MM Debt Capital Raise by Conterra

Conterra Ultra Broadband, a provider of fiber-optic network-based infrastructure and services, completed a debt capital raise totaling $580 million, including a term loan and revolving credit facilities being provided by CIBC, National Bank of Canada, NordLB, SMBC and Export Development Canada.

Brightwood Capital Provides Financing to Accelerate Allegiance Mobile Health’s Growth Strategy

Brightwood Capital Advisors, a private credit firm with more than $5 billion in assets under management, provided Allegiance Mobile Health, a private Texas-based provider of medical transportation and 911 emergency services, with debt and equity financing to support the company’s organic and inorganic growth strategy.

Alvarez & Marsal Adds Managing Directors within Corporate Transformation Services Practice

Professional services firm Alvarez & Marsal’s corporate performance improvement group appointed New York-based Annie Peabody and Dallas-based managing director Peter Andrews managing director within its corporate transformation services practice.

April 26, 2024 Alvarez & Marsal | Annie Peabody | managing director | Peter Andrews | Richard Holt Brianna Wilson

Lombard Odier Investment Managers Closes $25MM Working Capital Facility for On.Energy

On.Energy, a North American electric power asset owner and integrator of battery energy storage systems, closed a senior secured first lien facility with institutional asset management company Lombard Odier Investment Managers.

KeyBank Provides $4MM Revolving Line of Credit to KBS Builders

KBS Builders, a business of Star Equity Holdings, closed a $4 million revolving line of credit with KeyBank. KBS Builders intends to use the facility to meet its working capital requirements and execute its business plan.

April 26, 2024 David Noble | KBS Builders | KeyBank | Star Equity Holdings Phil Neuffer

Mitsubishi HC Capital America Reveals Key Factors Shaping Adoption of Robotics-as-a-Service

According to Mitsubishi HC Capital America, the top factors when considering adopting robotics-as-a-service include cost management, technical expertise, access to the latest technology, the ability to monetize RaaS contracts, flexibility, and bundling updates and support.

April 26, 2024 Brent Broussard | Mitsubishi HC Capital America | Robotics-as-a-Service Brianna Wilson

b1BANK to Acquire Oakwood Bank for $85.7MM

Business First Bancshares, the holding company for b1BANK, entered into a definitive agreement to acquire Oakwood Bancshares and its wholly-owned bank subsidiary, Oakwood Bank, in an all-stock transaction for total consideration value of approximately $85.7 million.

Category: News