News

Crestmark provided more than $25.6 million in commercial financing solutions for 94 clients in the first half of January 2019.

Twin Brook served as administrative agent on a financing to support the Cisive’s acquisition of PreCheck, a provider of background screening compliance monitoring and credentialing solutions for the healthcare industry.

National Bank of Canada led a banking syndicate on a $75 million upsize to Park Lawn’s financing arrangement, increasing the borrowing capacity from $150 million to $225 million.

TAB Bank provided a $1 million revolving credit facility to a frozen foods company based in California.

Hercules Capital Funding Trust 2019-1, an indirect subsidiary of Hercules Capital, issued $250 million in class A notes rated A(sf) by KBRA, backed by approximately $357.2 million of senior secured loans.

Bank of America, JPMorgan Chase Bank, Barclays Bank and Citigroup Global Markets signed a commitment letter to provide $5.5 billion in senior secured super-priority DIP credit facilities to support PG&E through its bankruptcy process.

Law firm Hogan Lovells named John Duke office managing partner of its Philadelphia office.

Spectre Cargo Solutions, through its Irish affiliate NGF Genesis, closed its first round of a long-term senior debt facility led by Erste Bank.

Hogan Lovells named Chris Donoho practice area leader for the firm’s global Business Restructuring and Insolvency practice. Donoho succeeds Stephen Foster of the London office.

Jeff Stute joined independent advisory firm Perella Weinberg Partners as a partner in its Advisory business in New York. In his new role, Stute will work closely with the global healthcare team.