News

Mary E. “Mimi” Thigpen has been appointed to Opus Bank’s board of directors, effective December 27, 2019, and appointed a member of each of the Audit Committee and Risk Oversight Committee.

The Wall Street Journal reported that Toms Shoes, the company that donates a pair of shoes to a poor child for each pair it sells, is handing ownership to creditors in an out-of-court recapitalization.

Curaleaf Holdings has received commitments from a syndicate of lenders for a $275 million senior secured term loan facility bearing interest at a rate of 13.0% per annum, payable quarterly in arrears, with a maturity 48 months from closing.

Diamond S Shipping closed a five-year $525 million credit facility, composed of a $375 million term loan and a $150 million revolving credit facility.

Bruker has closed a new five-year revolving credit facility with expanded capacity to borrow up to $600 million, and a new seven-year term loan in the aggregate principal amount of $300 million, together with cross-currency and interest rate swap arrangements.

TherapeuticsMD and TPG Sixth Street Partners have amended the terms of the company’s existing term loan financing facility to revise the draw trigger for one of the two $50 million delayed draw loan tranches thereunder.

Tesla Shanghai entered into a revolving loan agreement with a group of Chinese banks.

Douglas L. Kennedy, president and chief executive officer of Peapack-Gladstone Bank, has been appointed to the board of directors of the Federal Reserve Bank of New York.

The Green Organic Dutchman has closed a senior secured first lien credit facility of up to $42.7 with Maynbridge Capital.

Capitala Finance amended its senior secured revolving credit agreement with ING Capital as administrative agent, arranger and bookrunner.