News

HSBC and ING Bank successfully executed a live trade finance transaction for international food and agriculture conglomerate Cargill using R3’s Corda scalable blockchain platform.

Second Avenue Capital Partners provided a senior secured credit facility to Tommie Copper. The credit facility will be used to fund working capital and additional growth opportunities._x000D_ _x000D_ _x000D_

Crestmark secured a total of $19.99 million in financial solutions for 18 new clients in the first half of May.

Antares Capital Advisers closed a $700 million collateralized loan obligation. The transactio represents the third CLO issued by Antares, bringing the company’s total CLO assets under management to approximately $4 billion.

Pacific Mercantile Bank extended a $5 million credit facility, consisting of a term loan and a revolving line of credit, to Western Shield.

Square 1 Bank provided a $3.5 million credit facility to new client Global Cooling, a manufacturer of ultra-low temperature freezers.

Alvarez & Marsal appointed four managing directors to its Global Transaction Advisory Group in Paris: Jonathan Gibbons, Guillaume Martinez, Frederic Steiner and Donatien Chenu.

Avid Technology amended its credit facility, increasing the term loan from $105 million to $127.5 million and the revolver from $10 million to $22.5 million. Cerberus Business Finance served as administrative agent on the transaction.

Permian Production Partners launched the syndication of a $300 million first lien term loan with an interest rate of LIBOR + 6.00% and expected maturity in May 2024. Jefferies is lead arranger and administrative agent for the financing.

Amerisource Business Capital closed and funded a $2 million credit facility for a Utah-based pump manufacturing company.