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.
International law firm, Clifford Chance, advised the U.S. Department of Energy Loan Programs Office on a $102.1 million loan to Syrah Technologies for the expansion of a facility producing material used in batteries for electric vehicles.
Clifford Chance structured finance attorney Leah Feldman as counsel in its U.S. structured finance team. Feldman has more than 10 years of experience advising on structured finance and securitization matters.
Clifford Chance advised on the issuance of $400 million senior unsecured notes offering by Oxford Finance and its wholly-owned subsidiary and co-issuer, Oxford Finance Co-Issuer II.
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.
Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing.
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.