BlackRock and Kreos Capital entered into a definitive agreement under which BlackRock will acquire full control of Kreos, which is a provider of growth and venture debt financing to companies in the technology and healthcare industries.
International law firm, Clifford Chance, advised BlackRock in connection with a $150 million term loan facility for Puttshack, a tech-infused mini golf entertainment venue. The proceeds of the loan will support Puttshack’s rapid growth strategy in the United States.
Lookout, a provider of endpoint and cloud security solutions, secured debt financing for up to $150 million from BlackRock to support its continued growth.
Black Women in Asset Management added Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G, Maniyar Capital, Morningstar and State Street Global Advisors as new institutional members.
Funds and accounts managed by BlackRock provided a $45 million secured credit facility to Boxed, an e-commerce grocery platform selling bulk consumables and an e-commerce enabler selling software and services to enterprise retailers.
Carver Bancorp and Bank of America closed a senior secured social impact revolving credit facility with BlackRock’s alternative solutions group.
Reuters reported three equity investors behind the £5.91 billion ($7.49 billion) take-private buyout of UK theme park and attraction operator Merlin Entertainments are also underwriting about £1.66 billion ($1.93 billion) equivalent debt.
Monroe Capital acted as administrative agent on the funding of a $260 million senior credit facility to support the acquisition of Dude Solutions by Clearlake Capital Group.
Wells Fargo and a group of institutional investors, including funds affiliated with BlackRock and PIMCO, reached a settlement that resolves two class action lawsuits.