News

Kansas-based salon and spa retailer Beauty Brands has filed for Chapter 11 in the wake of 25 store closures, according to the Kansas City Star.

BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.

Golub Capital acted as administrative agent on a $120 million GOLD facility to support the refinancing of EOS Fitness by Bruckmann, Rosser, Sherrill & Co.

The commercial banking division of People's United Bank amended and extended an existing $135 million syndicated credit facility for NFS Leasing, a Boston-based equipment leasing company.

Crestline Investors served as administrative agent and sole lead arranger on a senior secured credit facility to support the growth initiatives and refinance existing indebtedness of SUN Behavioral Health.

Capital One’s Healthcare Corporate Finance group was once again the No. 1 lead arranger, measured by number of deals, for healthcare leveraged loans up to $1 billion, according to Refinitv.

David Beller joined law firm Latham & Watkins as a partner in the Corporate Department and member of the Mergers & Acquisitions and Private Equity Practices in the New York office.

Twin Brook Capital Partners, Angelo Gordon’s middle-market direct lending subsidiary, has, since 2014, committed over $2 billion to private equity sponsors in support of middle market healthcare sector transactions.

Bristol-Myers Squibb agreed to acquire biopharmaceutical company Celgene in a $74 billion cash and stock transaction. Morgan Stanley Senior Funding and MUFG Bank will provide the debt financing to support the transaction.

Specialty finance company Hercules Capital completed its fourth quarter review for 2018, ending the year with total new investment commitments in excess of $1.21 billion.