News

Abacus Finance served as administrative agent and sole lender on $17 million in debt financing to support of Altus Capital Partners’ leveraged buyout of ChoiceSpine.

Fifth Third Bank acted as administrative agent, lender and L/C issuer on an amendment to Limbach Holdings’ revolving credit facility, reducing the lenders’ commitments from $25 million to $22.5 million.

Hayfin Capital Management provided debt financing to support Crown Laboratories and Hildred Capital Partners’ acquisition of North American distribution rights of five OTC consumer brands from GlaxoSmithKline.

Varagon Capital Partners served as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support TPG Growth’s acquisition of Q-Centrix.

Utica Leaseco completed two transactions totaling $3 million during the last week of November 2018.

The Wall Street Journal reported that the Senate introduced a new bipartisan bill aimed at making it easier for small businesses to take advantage of and use the bankruptcy process.

At Home Group amended its existing senior secured term loan facility with Bank of America as both administrative and collateral agent. The amendment increases the borrowings by $50 million, bringing the total loan amount to $339.5 million.

Barnes & Thornburg added James Van Horn as a partner in the firm’s Finance, Insolvency and Restructuring Department in Washington, D.C.

Ebix expanded its existing syndicated credit facility by an additional $100 million. Regions Bank led the banking group and served as both administrative and collateral agent on the transaction.

Marcus Schenck joined Perella Weinberg Partners as a partner in the firm’s Advisory Business. Schenck will be based in the London office and focus on expanding PWP’s footprint in Germany, Europe and other markets.