News

Super G provided a $1.25 million seasonal working capital loan to a SaaS- based system provider that assists K-12 educators and administrators in managing, overseeing and enhancing their students’ engagement in digital learning environments.

Penn Virginia entered into an agreement to amend its September 12, 2016 credit facility. Wells Fargo served as administrative agent for the transaction.

Insurance holding company Genworth Financial closed a $450 million senior secured term loan. Goldman Sachs Lending Partners and JPMorgan Chase Bank acted as joint lead arrangers and joint book runners for the transaction.

Reuters reported that Chinese carmaker Geely is raising €3.1 billion ($3.8 billion) in loans to support its stake in Volvo trucks.

Financial software company HPD has invested $1.9 million to grow its North American business and client base over the next three years. The company has also added Matt Bolock and Lisa Roberts to its team.

Sterling Bancorp agreed to acquire a $458 million outstanding loan and lease portfolio from Advantage Funding Management, a part of Macquarie’s Corporate and Asset Finance Group.

The Wall Street Journal reported that Amazon is speaking with big banks, including JPMorgan, about developing a checking-account-like product for its customers._x000D_ _x000D_ _x000D_

MB Business Capital provided a new credit facility to Las Vegas-based Cole Kepro International, a designer, developer and manufacturer of high performance slot machine cabinets and kiosks.

Cell-based medicine developer Mesoblast entered into a $75 million non-dilutive, four-year credit facility with specialty finance company Hercules Capital.

Healthcare tech company Inovalon agreed to acquire ABILITY® Network for an aggregate consideration of $1.2 billion in cash and restricted stock. Morgan Stanley Senior Funding will provide a $980 million term loan to support the acquisition.