News

First Midwest Bank is expanding its specialty lending capabilities by hiring a team of bankers experienced in lending to ESOP-owned companies. _x000D_ _x000D_

CIT Asset Management will offer expanded cash flow-based revolving and term loan options to qualified borrowers though a managed financing vehicle funded by an A-rated insurance company._x000D_ _x000D_ _x000D_

Midcap Business Credit closed a $2 million ABL facility for Pavement Corporation, a portfolio company of Vicour and Spring Capital Partners.

Sun Life Assurance Company of Canada closed a new funding facility with Pawnee Leasing, a subsidiary of the Chesswood Group._x000D_

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Recorded Future by private equity sponsor Insight Partners.

Global Eagle Entertainment has completed a $40 million upsizing of its senior secured term loan due 2023. Citibank served as administrative agent.

Piper Jaffray expanded its CD and Structured Note underwriting business with the arrival of Ardi Baniahmad, Josh Brenner, Rick Cabanes and Meghan Greenwood, formerly of First Empire. _x000D_ _x000D_

CleanCapital and funds managed by CarVal Investors have closed on a $300 million debt warehouse facility with Credit Suisse.

Bain Capital Specialty Finance appointed Amy Butte and Clare Richer to its board of directors, effective August 1, 2019,

EDF signed two €300 million ($3.37 million) sustainability-indexed revolving credit facilities, which incorporate a pricing adjustment based on EDF’s sustainability performance linked to CO2 emissions and energy efficiency.