News

The national Citizens Business Conditions Index (CBCI) moderated to 50.04 in Q3/24 but remained in expansionary territory. The second consecutive reading above 50 indicates that business conditions continue to be solid.

PL Developments (PLD) completed its offer to exchange $350 million aggregate principal amount of its outstanding 7.750% senior secured notes due 2025. Latham & Watkins represented PLD in the exchange offer.

Blackstone closed the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (BXD). Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles.

Hilco Global and TPG Angelo Gordon have formed a new joint venture that will identify, acquire and finance consumer brands and IP in partnership with Bluestar Alliance. In connection with the launch, the joint venture has completed a series of...

Wells Fargo’s Quarterly Commercial Banking Sentiment Study revealed a cautious optimism among commercial businesses. Despite economic challenges, over half of the surveyed companies plan to prioritize growth if interest rates decrease in the coming months.

Nuveen Churchill Private Credit Fund (NCPCF) will sell to Nuveen Churchill Private Capital Income Fund (PCAP) substantially all of its assets. PCAP will assume NCPCF’s liabilities, and NCPCF will begin to wind down its investment operations.

Winston & Strawn served as legal counsel to Millicom International Cellular S.A. in a $975 million agreement with SBA Communications Corporation to sell and lease back a portfolio of approximately 7,000 telecommunications towers across Central America.

Sidley Austin represented Lovell Minnick Partners (LMP) in a strategic growth investment with Cohen, a national firm providing assurance, tax and business advisory services across multiple industries.

H.I.G. Capital, a global alternative asset management firm with $65 billion of capital under management, closed H.I.G. Capital Partners VII. Oversubscribed, fund VII closed with $2 billion of capital commitments.

Linedata, a global provider of credit and asset management technology, data and services, is launching a suite of new capabilities for Linedata Capitalstream, its lending and leasing software solution for credit origination and risk management.