News

Varagon Capital Partners served as administrative agent on a senior secured credit facility to support Marlin Equity Partners’ acquisition of Worksoft.

Sempra Energy plans to sell its equity interests in its South American businesses starting in March 2019. Bank of America Merrill Lynch and Lazard will act as financial advisors to the company in connection with the sale.

The Payless Board of Directors authorized the company to seek court approval of up to $25 million in debtor-in-possession financing. WSFS Bank will act as administrative agent and collateral agent on the financing.

Urovant Sciences entered into a debt financing agreement with Hercules Capital for up to $100 million.

Suresh Vasan joined financial advisory firm Lazard as a managing director in the Private Capital Advisory’s Private Capital Solutions Group. He will be based in Houston.

J D Factors provided $2.25 million in factoring facilities for seven clients the week of February 18, 2019.

Utica Leaseco completed four capital lease transactions totaling over $6 million during week of February 19, 2019.

Great American Group, in a joint venture with Tiger Capital Group, will operate the store closing sales at all Payless ShoeSource locations in the United States and Puerto Rico.

Charlotte Russe Holdings and its subsidiaries entered discussions with prospective bidders for a going-concern sale of the company to continue its brick-and-mortar and online platforms.

CapitalPlus Construction Services provided $1.625 million in recent financing to four clients.