News

The Wall Street Journal reported JetBlue Airways has closed a sustainability-linked loan with BNP Paribas, amending an existing $550 million senior secured revolving credit facility.

Fast casual restaurant Cosi has filed for reorganization under Chapter 11 of the Bankruptcy Code.

TripActions has raised a debt facility of up to $500 million to launch the industry’s first, end-to-end global corporate travel management and payments platform.

Concord Financial Advisors arranged a $7.5 million senior secured revolving line of credit for International Control Services.

TAB Bank has provided a $9 million revolving credit facility for a transportation company based in Minnesota.

CIT Group’s Power and Energy business served as lead arranger for a $140 million financing for esVolta, a developer of utility-scale energy storage systems for renewable energy projects.

Venture-backed fintech company Deserve closed a new $100 million credit facility with Credit Suisse.

Pinnacle Capital Finance provided a $4.5 million line of credit to a San Francisco Bay Area design, manufacturer and distributor of indoor and outdoor modern furniture.

RigNet has successfully amended its senior secured credit facility with its existing bank group led by Bank of America as administrative agent.

ENGS Commercial Finance reported its most successful year in the company’s history. ENGS financed a total of $687 million of equipment transactions, a 35% year over year increase, purchased $130 million in invoices in its working capital business and produced...