CIT Northbridge Credit served as sole lead arranger on a senior secured credit facility to support the acquisition of Baker & Taylor, a provider of books, digital content and technology solutions to public and academic libraries.
Mars Growth provided a $4.5 million credit facility to Kontist, a financial technology company providing banking and bookkeeping services to the self-employed and freelancers in Germany. Mars Growth utilized a machine learning platform to perform due diligence and provide a term sheet in 24 hours.
HSBC Bank and Fifth Third Bank served as joint lead arrangers on a five-year, $225 million syndicated asset-based lending credit facility for GA Telesis, an aviation integration company. The facility includes nine participating banks, with HSBC Bank as administrative agent.
Citizens led a $125 million asset-based revolving credit facility for Destination XL Group, an omnichannel specialty retailer of big and tall men’s apparel. Citizens is the sole lead arranger, sole bookrunner and administrative agent for the facility.
Capital Southwest backed Hidden Harbor Capital’s refinancing of Air Conditioning Specialist with a senior secured first lien term loan and a minority equity co-investment. Capital Southwest led the financing and will act as the sole administrative agent on the facility.
Tecnoglass increased the borrowing capacity under its committed line of credit from $50 million to $150 million and extended the maturity to the end of 2026. PNC Bank led the facility as administrative agent.