International law firm Clifford Chance advised certain funds and accounts managed by BlackRock Financial Management, its affiliates and co-investors on a $300 million senior secured term loan to Root.
Root, the parent company of Root Insurance, closed a five-year, $300 million term loan facility with BlackRock Financial Management on behalf of funds and accounts under its management and its affiliates and co-investor.
Global Eagle Entertainment completed the sale of substantially all of its assets to a group consisting of its first lien investors. Global Eagle’s new owners include certain funds managed by affiliates of Apollo Global Management, among others.
Global Eagle Entertainment agreed to a definitive stalking horse asset purchase agreement for total consideration of $675 million with an entity led by lenders including Apollo Global Management and certain funds and accounts under management by BlackRock.
Itafos signed an agreement with a syndicate of lenders to provide a $165 million secured term loan. Cortland Capital Market Services served as administrative agent.