News

IT’SUGAR and its subsidiaries has filed voluntary petitions under Chapter 11 of Title 11 of the U.S. Code. Subject to Bankruptcy Court approval, a subsidiary of New BBX Capital will provide debtor-in-possession financing to IT’SUGAR under the protections of the...

Barings has formed the Barings Mubadala Enterprise, an evergreen origination platform seeking to provide financing solutions to European middle-market businesses which aims. The platform aims to provide $3.5 billion in financing over the next 18 months.

Avianca Holdings secured commitments for debtor-in-possession financing totaling more than $2 billion and filed a motion to approve the financing in the U.S. Bankruptcy Court. Goldman Sachs Lending Partners and JPMorgan Chase are serving as co-lead arrangers.

Tiger Finance, a wholly-owned affiliate of Tiger Capital Group closed on a $10 million delay draw term loan to Nu-Steel Trade that provides working capital for growth and acquisition opportunities.

TAB Bank provided a $2.5 million asset-based revolving credit facility for manufacturing trucking based in Florida. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.

Capital Now provided $61,000 in cash to a construction materials distributor in Western Canada. Capital Now assisted a start-up company to avoid cash flow concerns at the onset of distribution.

A syndicate of banks including Citi, UBS Investment Bank, Credit Suisse and BNP PARIBAS committed to provide exit financing to the KPS Capital stalking horse acquisition vehicle to acquire Garrett Motion in a recently filed Chapter 11 case.

Stellus Capital Investment entered into an amendment and extension of its $230 million senior secured revolving credit agreement facilitated by Amegy Bank.

Following the launch of Citi Impact Fund, the company announced its first four investments in “double bottom line” companies through the new fund; Fulcrum BioEnergy, ICON, PadSplit, and The Mom Project.

GSO Capital Partners committed $250 million in capital to Blackstone’s new portfolio company, ClearGen, which will finance and own distributed and sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.