Benefit Street Partners Achieves Company Record for Private Debt Originations in 2021

Benefit Street Partners originated a company record $2.8 billion of commitments across 41 issuers in Q4/21, resulting in company record originations of $7.7 billion across 128 issuers for the year.

January 20, 2022 Benefit Street Partners | Franklin BSP Capital | Franklin BSP Lending | Richard Byrne | Thomas Gahan Ian Koplin

Franklin BSP Lending and Franklin BSP Capital Acquire Encina Equipment Finance

Franklin BSP Lending and Franklin BSP Capital, business development companies advised by affiliates of Benefit Street Partners, acquired substantially all of the equity interests of Encina Equipment Finance.

January 5, 2022 Andrew Salter | Benefit Street Partners | BofA Securities | Dechert | Encina Equipment Finance | Franklin BSP Capital | Franklin BSP Lending | Hogan Lovells | Reed Smith | Richard Byrne | Rick Matte | Ropes & Gray | Skadden Arps Slate Meagher & Flom | Wells Fargo Securities Ian Koplin

Benefit Street Partners Supports Absolute Software’s Acquisition of NetMotion Software

Absolute Software completed its acquisition of 100% of NetMotion Software from The Carlyle Group for $340 million. Absolute funded the acquisition with approximately $65 million in cash from its balance sheet and a $275 million secured term loan from Benefit Street Partners.

July 2, 2021 Absolute Software | Benefit Street Partners | Christy Wyatt | Garrett Bekker | NetMotion Software | The Carlyle Group Ian Koplin

Benefit Street Partners, JPMorgan Provide Debt Refinancing for JAKKS Pacific

JAKKS Pacific refinanced its existing term loan facility with a new first lien term loan facility from Benefit Street Partners and entered into a new $67.5 million asset-based revolving credit facility with JPMorgan Chase.

June 3, 2021 Benefit Street Partners | Buchalter | Houlihan Lokey | JAKKS Pacific | JPMorgan Chase | Stephen Berman Ian Koplin

Morgan Stanley-Led Syndicate Arranges $825MM in Financing for Gogo

Gogo priced and allocated a seven-year, $725 million term loan B and a five-year, $100 million revolving credit facility. Morgan Stanley, Credit Suisse, Deutsche Bank, Benefit Street Partners and CBAM Partners acted as joint lead arrangers for the facilities.

April 22, 2021 Barry Rowan | Benefit Street Partners | CBAM Partners | Credit Suisse | Deutsche Bank | Gogo | Morgan Stanley | Oakleigh Thorne Ian Koplin

Innovative Financing: From Mellon & Sons to Alternative Lenders’ Impact on ABL Today

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.

September 13, 2017 BDCA | Benefit Street Partners | Capital Z | CIT Northbridge Credit | Dan Karas | Darren Latimer | Deerpath | Garret Black | Great Rock Capital | Hugh Larratt-Smith | Jeff Knopping | Kirkland & Ellis | Partha Kar | Pitchbook | Steven Chait | Stonegate Capital Holdings | Super G Capital | TBK Bank | Thomas Mellon | Wells Fargo Capital Finance ABF Journal

Benefit Street Provides $58MM Elk Petroleum Facility

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.

July 11, 2016 Benefit Street Partners | Denbury Onshore | Elk Petroleum ABF Journal

Goldman Sachs, Benefit Street Lead Refi for Santek Waste Services

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.

December 17, 2015 Benefit Street Partners | Goldman Sachs Specialty Lending Group | Santek Waste ABF Journal

Citibank Consents to TICC Capital Change of Control Deal

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.

September 10, 2015 Benefit Street Partners | TICC Capital Rita Garwood

Benefit Street Amends Cross Country Second Lien Loan

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.

July 27, 2015 Benefit Street Partners | Cross Country Healthcare ABF Journal