Franklin BSP Realty Trust (FBRT) closed BSPRT 2023-FL10, an approximately $900 million managed commercial real estate collateralized loan obligation. This was FBRT’s 10th CLO completed since June 2017.
Qualtrics, a provider of experience management (XM) software, entered into a definitive agreement to be acquired by Silver Lake, a technology investor, in partnership with Canada Pension Plan Investment Board (CPP Investments), in an all-cash transaction that values Qualtrics at approximately $12.5 billion.
Patriot National Bancorp will acquire digital banking company American Challenger Development via a reverse subsidiary merger, with American Challenger surviving as a wholly-owned subsidiary of Patriot.
McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.
Private investment firm Brightwood Capital Advisors appointed William W. Archer chief credit officer, a position he previously held from 2013 to 2015. Archer most recently served as a consultant to the Canadian Public Pension Investment Board and will be based in New York.
Following an auction as part of Lilis Energy’s Chapter 11 process, oil and natural gas company Ameredev Texas will acquire substantially all of Lilis Energy’s assets for a $46.6 million cash payment at closing. Opportune is serving as restructuring advisor to Lilis.
According to an 8K filed with the SEC, Bank of America served as administrative and collateral agent on a $2.4 billion asset-based revolving credit facility in connection with the merger of WillScot and Mobile Mini.
Opportune is serving as restructuring advisor to Lilis Energy, which filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the United States Bankruptcy Court for the Southern District of Texas, Houston Division.
Calpine entered into a new seven-year $750 million term loan facility. Credit Suisse served as administrative agent for the transaction.
Online image aggregator and social media platform Pinterest filed a proposal with the SEC for an initial public offering of its Class A shares. Goldman Sachs, J.P. Morgan Securities and Allen & Company will serve as lead joint book-running managers for the offering.