News

Hercules Capital Funding Trust 2018-1, a newly-formed wholly owned subsidiary of specialty finance company Hercules Capital, issued $200 million of class A notes rated A(sf) by KBRA.

Antares Capital served as sole bookrunner, joint lead arranger and administrative agent on a senior secured credit facility to support ONCAP’s recapitalization of Walter Surface Technologies.

Bibby Financial Services Canada recently provided $4.5 million in funding to four Toronto and Ontario-based companies.

Phoenix Capital Resources served as the financial advisor and investment banker to Carroll Consultants in its merger with Cafaro Greenleaf.

Atlantic Power repriced its $470 million senior secured term loan and $200 million senior secured revolving credit facility. Goldman Sachs led the group of arranging banks on the repricing.

According to the CFA Secured Lending Confidence Index, respondents indicated the most optimism for new business demand, followed by business conditions overall, both positive indicators for the U.S. economy.

Park Energy Services completed the acquisition of substantially all the assets of Midcon Compression. Regions Bank and BMO Harris Bank provided debt financing to support the transaction.

Maranon Capital served as administrative agent on a senior credit facility to support DirectPath’s merger with Flores & Associates. Both organizations are portfolio companies of Century Equity Partners.

According to the Ottawa Citizen, the Ottawa Senators Hockey Club secured a $30 million, five-year short-term credit line with BMO Bank of Montreal’s corporate finance division.

Amerisource Business Capital closed and funded a $500,000 credit facility for a grease and lubricant manufacturer based in Texas.