Beyond Air, a commercial stage medical device and biopharmaceutical company, secured senior secured debt financing of up to $40 million from funds managed by Avenue Capital Group.
Canyon Partners provided NextWave with a $200 million senior secured first lien term loan facility. Proceeds from the facility will retire existing debt and provide operational funding and access to future capital.
Bloomberg reported that Marc Schneider of Avenue Capital Group is planning to start his own hedge fund firm in an environment where investors are increasingly supplying capital in distressed strategies.
Avenue Capital Group announced it acted as sole lender and agent in connection with the debt financing of the acquisition of Freedom Finance Nordic by H.I.G. Europe