Posts – Page 117 – ABFJournal

Strategic Materials Files Chapter 11, Secures $23MM in DIP Financing

North American glass recycling company Strategic Materials filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also secured new money commitments of $23 million for a debtor-in-possession financing facility.

Ares Management Raises Approximately $3.3B of Real Estate Secondaries Capital

Ares Management, a global alternative investment manager, raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX, general partner commitments and affiliated vehicles.

December 5, 2023 Ares Management | Jamie Sunday | Landmark Real Estate Fund IX | Michelle Creed Ian Koplin

Carlyle Selects Broadridge Investment Management Technology for Private Credit & CLO Operations

Investment firm Carlyle implemented financial technology company Broadridge Financial Solutions’ cloud-based solution, Sentry, in support of its private credit and collateralized loan obligation (CLO) portfolio management.

December 5, 2023 Broadridge Financial Solutions | Carlyle | Jim Keogh | Mike Sleightholme Ian Koplin

Wells Fargo Adds Hale as Co-Head of Equity Capital Markets within C&I Bank

Clay Hale joined Wells Fargo’s corporate and investment bank as co-head of equity capital markets within the banking division. Clay joined from Citigroup, where he was most recently global head of consumer and retail banking, capital markets and advisory.

December 4, 2023 Clay Hale | Jill Ford | Tim O’Hara | wells fargo Phil Neuffer

TD Securities Expands Global Financial Institutions Group

TD Bank expanded its global financial institutions investment banking team in the U.S. as well as other product areas, including equity sales, equity capital markets, debt capital markets and equity research.

Lakeland Bank Strengthens Asset-Based Lending Team by Hiring Kaestner and Williams

Lakeland Bank hired Kenneth Kaestner as senior vice president and team leader for its asset-based lending team in October and more recently hired Diane Williams as vice president and senior relationship manager for its asset-based lending team.

December 4, 2023 Diane Williams | Kenneth Kaestner | Lakeland Bank | Ron Krauskopf Phil Neuffer

Eclipse Business Capital Agents ABL as Part of Postmedia’s Refinancing

Postmedia Network Canada completed a refinancing transaction that includes a new three-year asset-based lending facility with an aggregate commitment equal to the lesser of $40 million and a borrowing base. Eclipse Business Capital is the agent for the ABL facility.

December 4, 2023 Eclipse Business Capital | Postmedia Network | Postmedia Network Canada Phil Neuffer

Strategic Materials Files Chapter 11, Secures $23MM in DIP Financing

Ares Management Raises Approximately $3.3B of Real Estate Secondaries Capital

Carlyle Selects Broadridge Investment Management Technology for Private Credit & CLO Operations

Wells Fargo Adds Hale as Co-Head of Equity Capital Markets within C&I Bank

TD Securities Expands Global Financial Institutions Group

Lakeland Bank Strengthens Asset-Based Lending Team by Hiring Kaestner and Williams

Eclipse Business Capital Agents ABL as Part of Postmedia’s Refinancing

Willkie Farr & Gallagher Adds Baskerville to Reorganization and Restructuring Department

Mountain Ridge Capital Closes $25MM Credit Facility for Exercise Equipment Company

Getzler Henrich’s Gupta Honored As Emerging Leader by American Bankruptcy Institute

Archives: Posts