Credit Suisse and a fund managed by Neuberger Berman closed a secured debt facility for West Creek, a consumer financing provider. The facility increases West Creek’s funding capacity by more than 30%, enabling its originations plans for 2021 and 2022.
Oaktree Capital Management delivered a $250 million debt investment for Ocwen Financial, a non-bank mortgage servicer and originator. Barclays and Credit Suisse acted as placement agents to Ocwen.
Bank of America, Goldman Sachs and Credit Suisse acted as joint bookrunners and joint lead arrangers on a new $720 million term loan for Utz Brands, with Bank of America serving as administrative agent.
J.P. Morgan Securities, Credit Suisse and HSBC Securities provided $1.825 billion in debt financing for Rent-a-Center’s recent acquisition of Acima, a provider of virtual lease-to-own solutions.
U.S.-based investment management company M360 Advisors closed a private placement of $100 million aggregate principal amount of 6.75% senior unsecured notes due 2023. Piper Sandler acted as placement agent for this offering.
Credit Suisse provided debt financing for investment firm Francisco Partners in its acquisition of Forcepoint, a cybersecurity solutions provider, from Raytheon Technologies.
Credit Suisse, Goldman Sachs, Antares, Ares, Deutsche Bank, Golub Capital and Jefferies provided debt financing to support symplr’s acquisition of TractManager from Arsenal Capital Partners.
Alcentra, a manager of private debt, hired Chris Mulshine as head of U.S. distribution and a member of the executive management committee. Mulshine previously served as global head of private credit with Lazard Private Capital Advisory, and in other roles at Credit Suisse, UBS and Goldman Sachs.
Gerald Group renewed its North American syndicated borrowing base credit facility, as its trading hub, GT Commodities, closed its $240 million facility with an oversubscription from an initial launch amount of $175 million. ING Capital was lead lender and administrative agent.
Ares Management appointed John Knox Australia and New Zealand chairman of Ares SSG, furthering focus on Asia Pacific business expansion. Knox is the former CEO of Credit Suisse Australia.