Platinum Equity completed its acquisition of Pelican Products, a designer and manufacturer of protective cases and gear for outdoor enthusiasts and supply chain solutions for the healthcare industry. BofA Securities was the lead underwriter for debt financing in support of the transaction.
TDCX, a digital customer experience solutions provider, fully repaid the total outstanding principal amount of $188 million and accrued and unpaid interest and premium under its term loan credit facility with Credit Suisse and completed relevant documentation.
Financial technology company Kafene secured $75 million in additional debt and equity. The package included a $50 million credit facility from Credit Suisse, with an additional $10 million provided by Hudson Cove Capital Management. The remaining $15 million was provided by equity investors.
McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.
Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.
Gerald Group, an independent and employee-owned metals trading house, refinanced GT Commodities’ borrowing base facility at $450 million. GT Commodities is Gerald Group’s North American trading hub.
CCC Intelligent Solutions completed the refinancing of its existing secured credit facility with a new credit agreement. Bank of America, JPMorgan Chase, Goldman Sachs, Citigroup, Barclays, Credit Suisse, Jefferies Finance and Morgan Stanley acted as joint lead arrangers and joint bookrunners for the facility.
LendingUSA, a provider of point-of-sale financing, closed a new credit facility of $200 million from Atalaya Capital Management and Credit Suisse. Sector Financial, an affiliate of Credit Suisse, provided access to the credit facility.
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.
Sunlight Financial, a technology-enabled point-of-sale financing company, closed its business combination with Spartan Acquisition Corp. II, a publicly-traded special purpose acquisition company sponsored by funds managed by an affiliate of Apollo Global Management.