CVC Credit priced Cordatus XXI, a collateralized loan obligation fund totaling €406 million ($481.1 million) and arranged by Barclays. This is the fourth CLO fund CVC Credit has priced globally this year and will take its assets under management to more than $29.5 billion.
US LBM completed its acquisition of American Construction Source from Angeles Equity Partners and Clearlake Capital Group. Barclays and Credit Suisse led the debt financing for the transaction. Financial terms were not disclosed.
US LBM, a distributor of specialty building materials, reached an agreement to acquire American Construction Source, a building materials distribution platform. Barclays and Credit Suisse provided debt financing for the transaction.
Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.
Enviva Partners amended and restated its senior secured revolving credit facility. The amendment extends the maturity to April 2026 and increases the facility’s size to $525 million. Barclays is administrative agent and collateral agent on the amended and restated credit facility.
GoldenTree Loan Management II and its affiliated investment manager, GoldenTree Asset Management, closed a €402 million ($483.70 million) collateralized loan obligation to be managed by GLM II.
KPS Capital Partners signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business of Crown Holdings. Barclays and Deutsche Bank led debt financing to support the transaction.
Platinum Equity entered into a definitive agreement to acquire Cabinetworks from American Industrial Partners, GIC and other equity holders. BofA Securities will lead debt financing to support the acquisition.
Atotech Limited closed on a refinancing with Goldman Sachs as administrative agent. The agreement provides for a $1.35 billion senior secured term loan facility, a €200.0 million senior secured term loan facility and a multi-currency revolving credit facility up to $250.0 million.
JPMorgan Chase Bank, Morgan Stanley Senior Funding, Goldman Sachs, UBS Investment Bank, Bank of America, Barclays and Jefferies are arranging debt financing in support of Clearlake Capital Group’s new equity investment in RSA Security.