Quotient Technology and PNC Bank closed a senior secured asset-based revolving credit facility in an initial aggregate principal amount of $50 million. Blue Torch Capital also committed to provide a senior secured term loan facility in an aggregate principal amount up to $55 million.
Spire Global, a global provider of space-based data, analytics and space services, obtained a credit facility of up to $120 million led by Blue Torch Capital.
Land’s End secured a $275 million term loan with a lending group consisting of affiliates of Fortress Investment Group, STORY3 Credit Partners and Blue Torch Capital. In addition, maximum availability under Land’s End’s ABL facility was expanded to $275 million.