In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.
Benefit Street Partners provided Elk Petroleum with a $58 million senior debt loan facility to be used in connection with the Grieve Project JV restructuring.
Santek Waste Services has secured a new $153 million credit facility from a lender group led by Goldman Sachs Specialty Lending group and Benefit Street Partners.
TICC Capital reached an agreement with Citibank, as administrative agent of its TICC Funding $150 million revolver, regarding consent to a proposed change of control transaction.
Cross Country Healthcare said it amended its second lien loan with Benefit Street Partners to reflect modified pricing predicated on the company’s net leverage ratio.