News

MidCap Financial provided a $40 million senior credit facility to Camaco, a supplier of seating structures and related components for the automotive industry.

Bloomberg reported Blackstone’s GSO Capital Partners unit rebuilt its business, making nonbank loans to small and mid-size companies, after dissolving its partnership with FS Investment seven months ago.

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted factoring volume was up 16% driven primarily by increased volume in the technology industry.

National Access Cannabis entered into a loan agreement and connected collateral documents with Opaskwayak Cree Nation for a secured loan of up to $35 million.

Monroe Capital co-sponsored and entered into a forward purchase contract with Thunder Bridge Acquisition, a special purpose acquisition company.

Katten Muchin Rosenman expanded its Commercial Finance practice with the addition of Shana E. Ramirez as a partner in the firm's Los Angeles – Century City office.

Bone Biologics, a developer of orthobiologic products for domestic and international spine fusion markets, completed $5.9 million in funding: $3.9 million in equity and a $2 million credit facility.

Ares Management closed its fourth European direct lending fund, Ares Capital Europe IV. Within six months of its launch, ACE IV was significantly oversubscribed, closing at a hard cap of €6.5 billion ($7.609 billion) in total commitments.

FS Investment and Corporate Capital Trust entered into an agreement under which FSIC, a partnership between FS Investments and KKR Credit Advisors, and CCT will merge, creating the second largest publicly traded BDC.

LifePoint Health and RCCH HealthCare Partners are merging, with LifePoint remaining as the surviving privately-held entity upon closing. Barclays, Citigroup, RBC Capital Markets and Credit Suisse will provide financing to support the transaction.