News

1st Commercial Credit surpassed $20 million in purchase order funding transactions. This accomplishment underscores the company’s dedication to providing adaptable financial solutions to support its clients.

AZZ repriced its $400 million senior secured revolver due May 2027, with Citibank serving as administrative agent and collateral agent in this leverage-neutral transaction.

Impel Pharmaceuticals is pursuing a sale of the company and has entered into an agreement with JN BIDCO to serve as the “stalking horse” bidder to acquire the company and its assets.

Culain Capital provided a $250 million accounts receivable factoring facility to a Georgia-based school supplies company that services various schools throughout the United States.

Provident Financial Services and Lakeland Bancorp have agreed to extend their merger agreement to March 31, 2024 to provide additional time to obtain the required regulatory approvals. Both parties remain committed to the merger and to obtaining regulatory approvals.

Hilco Global is committed to giving back to communities where it does business by donating time, money and in-kind goods. “Hilco Helps Warm the Winter” initiative is designed to deliver assistance to local communities in need by providing basic cold-weather...

Pathlight Capital closed its third fund, Pathlight Capital Fund III LP (Fund III) as well as the initial tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP. The parallel fund entities secured a combined $860.3 million of capital commitments.

Trinity Capital expanded its Phoenix headquarters, doubling the total space leased at its corporate headquarters at 1 North 1st St. to 30,000 square feet by expanding to the fourth floor from its existing third floor offices.

Electric vehicle company Bird Global entered into a financial restructuring process. Bird’s first and second lien lenders also entered into a restructuring support agreement with the company, with MidCap Financial providing $25 million in new debtor-in-possession financing.

Deerpath Capital Management closed Deerpath CLO 2023-2, a $353.65 million collateralized loan obligation, marking Deerpath's second new issuance CLO in 2023 and, including a CLO reset and upsize in July, the firm's ninth CLO over the past six years.