Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender.
ACRES Capital acquired Exantas Capital’s management agreement from an affiliate of C-III Capital Partners. Exantas Capital also entered into definitive agreements with MassMutual and Oaktree for new capital commitments aggregating up to $375 million.
GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code.
Clifford Chance announced it has recruited a team of five lawyers from Bingham McCutchen led by partners Robert J. Gross and William Cejudo to its Washington D.C. office.
J.P. Morgan Securities. J.P. Morgan Securities, Goldman Sachs and BMO Capital Markets provided financing to support Darling International’s acquisition of Vion Ingredients shares, a division of Vion Holding.
International law firm Clifford Chance announced that Emily DiStefano has joined the firm as an asset finance partner in New York, further bolstering the firm’s aviation finance practices.