News

Kayne Anderson Capital Advisors closed its middle market credit fund, Kayne Senior Credit Fund III, with approximately $3 billion of investable capital.

Marquette Business Credit funded more than $32 million in new commitments for four new clients.

Ackroo received approval from the Royal Bank of Canada, in cooperation with Export Development Canada, to increase its current revolving line of credit from $200,000 to $350,000.

Golub Capital served as administrative agent, sole lead arranger and sole bookrunner on $450 million in senior credit facilities to support the acquisitions of California Cryobank and Cord Blood Registry by GI Partners.

Malibu Boats agreed to acquire the assets of Pursuit Boats from S2 Yachts for $100 million. SunTrust served as agent on an amendment to Malibu’s credit agreement to support the transaction.

Crain’s Business Journal reported that Commerzbank, one of Diebold Nixdorf’s lenders, auctioned off $26 million of its revolving credit facilities and $21 million of Diebold’s ATM loans, with Citigroup as the winning bidder.

Chris Ford, who has led some of the country's largest and most innovative financial technology and payment systems transactions, joined Ballard Spahr as a partner in the firm's Consumer Financial Services Group. _x000D_ _x000D_ _x000D_

Sierra Oncology obtained a debt facility from Silicon Valley Bank to support the advancement of its drug development programs.

Financial services firm Barings served as agent, lead arranger and sole bookrunner on a senior secured credit facility to support ATL Partners’ acquisition of a majority stake in Rock-It Cargo.

Comerica Bank will provide ERI the largest credit facility in ERI’s 16-year history. Specific details of the financing were not disclosed.