Private investment firm Brightwood Capital Advisors appointed William W. Archer chief credit officer, a position he previously held from 2013 to 2015. Archer most recently served as a consultant to the Canadian Public Pension Investment Board and will be based in New York.
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.
CVC Credit priced Apidos XXXIV, a CLO fund totalling $402.5 million, as the company’s second CLO priced in the last month, following the pricing of Cordatus XVIII. Together these funds total c.$850 million of new issuance.
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.
CVC Credit Partners priced Cordatus XVIII, a collateralized loan obligation fund totaling $447,697,125(€382.5 million) and arranged by Deustche Bank.
Weatherford terminated its ABL agreement with Wells Fargo, according to an 8K, which noted that Wilmington Trust agented the issuance of $500 million of senior secured notes and Deutsche Bank agented an increase to Weatherford’s letter of credit agreement.
Monroe Capital closed a $406.27 million term debt securitization known as Monroe Capital MML CLO X, LTD. The term financing was Monroe’s fifth CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans.
AgroFresh closed its comprehensive refinancing, including an amendment and extension of its senior secured credit facilities. BMO Capital Markets acted as sole financial advisor and left-lead bookrunner, while Deutsche Bank and ING acted as joint lead arrangers and joint bookrunners.
Davidson Kempner Capital Management provided $204 million of debt financing to Playa Hotels & Resorts. In addition, according to an 8K, Deutsche Bank is serving as administrative agent on the fourth amendment to Playa Hotels & Resorts’ credit agreement.
Deutsche Bank served as administrative agent on a new $800 million asset-based credit facility for Arconic. The facility replaced Arconic’s cash flow revolver.