News

CB&I, a designer and builder of storage facilities, tanks and terminals, upsized and closed its senior secured credit facility from $295 million to $400 million. The facility, which matures on Dec. 4, 2028, provides CB&I with financial flexibility and letter...

Eversheds Sutherland welcomed Phyllis Y. Young as a partner in the U.S. finance practice group, expanding the firm’s advisory services in connection with finance and restructuring matters for public and private companies, financial institutions, investors and other market participants. As...

Franklin “Frankie” Gregg and Marjorie Mygrants have joined as partners in Honigman’s private equity practice within its corporate department. Based in Chicago, Gregg joins Honigman from Kirkland & Ellis and Mygrants from Ropes & Gray. Gregg focuses his practice on...

Cascadia Capital acted as the exclusive financial advisor to Cy’s Linen, a portfolio company of Talus Group, in securing a new debt facility led by Principal Alternative Credit. This financing solution will be used to refinance Cy’s Linen’s existing facility...

Dechert recently advised one of Graham Partners’ portfolio companies, Tulkoff Foods, on their acquisition of Celtrade. Graham is a private investment firm targeting advanced manufacturing and tech-enabled services businesses. Tulkoff is a producer of specialty sauces, dressings and ingredients. Celtrade...

Horizon Technology Finance, an affiliate of Monroe Capital, formed a new joint venture with CR Financial, the holding company for Roth Capital Partners. The joint venture is designed to provide growth capital financing solutions to small- and micro-cap public companies...

Chicago Atlantic acted as administrative agent in support of the acquisition of Lionel, a designer and manufacturer of model trains and hobby products by Praesidian Capital and its portfolio company, Round 2, a designer, developer and marketer of model kits,...

Versant Funding funded a $5 million non-recourse factoring facility to a 90+ year-old company that provides services to major consumer brands. After acquisition by a private equity group, the client’s new management team implemented a turnaround plan which required additional...

SouthStar Capital closed a $500,000 accounts receivable financing facility for a telecommunications and low-voltage services provider supporting large national retail projects. SouthStar Capital provided a customized accounts receivable financing facility, unlocking liquidity tied up in approximately $500,000 in receivables and...

Beach Point CLO Management, an affiliate of Beach Point Capital Management, completed a reset of Sandstone Peak, Beach Point’s inaugural 2021 vintage collateralized loan obligation (CLO), increasing its size to $466 million. As part of the reset, the reinvestment period...