Barclays appointed Christian Oberle head of its financial sponsors group in the Americas and Tom Vignon managing director and senior member of its financial sponsors group in the Europe, Middle East and Africa region.
Prime Healthcare Services closed a $425 million senior secured revolving credit facility with Royal Bank of Canada (RBC) as lead arranger, bookrunner and sole administrative. Due to strong lender support, the credit facility is expected to be upsized to $450 million in early September.
Barclays Appoints Chan and Taylor to Senior Leadership Roles within Technology Investment Banking Team
Barclays appointed Emma Taylor global head of internet coverage and Carmen Chan managing director of internet coverage within its technology investment banking business.
Barclays added three new senior hires for its corporate and investment bank, adding Arnoud Boksteijn, Cindy Quan and Bogdan Oprea to its sustainable and impact investing team.
Barclays appointed Dr. Jim Birchenough, MD, chairman of global healthcare investment banking and co-head of global biopharma investment banking, based in San Francisco.
Ares Management completed the acquisition of a $3.5 billion specialty finance loan portfolio from PacWest Bancorp. Barclays provided exclusive financing to Ares on the transaction.
Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.
ProPetro extended its existing asset-based loan facility to a new five-year term and expanded its commitments from $150 million to $225 million. Barclays will continue to serve as the agent of the amended ABL along with other participants, including JPMorgan Chase, Bank of America and Goldman Sachs.
Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.
wefox, a Berlin-based insurtech company, secured a $55 million credit facility from J.P. Morgan and Barclays alongside a $55 million second close in its Series D financing at a $4.5 billion valuation from existing investors and new investors, including Squarepoint.