Evercore Archives - ABFJournal

H.I.G. Capital Acquires Terra Millennium from Court Square Capital Partners

H.I.G. Capital signed a definitive agreement to acquire Terra Millennium, a national provider of outsourced industrial maintenance services, including refractory maintenance and other specialized services, from Court Square Capital Partners.

Hayfin Capital Management Provides $150MM Senior Secured Term Loan Facility to Xeris

Xeris Biopharma Holdings entered into a senior secured term loan agreement with funds managed by Hayfin Capital Management to provide Xeris with up to a total of $150 million of capital.

March 11, 2022 Andrew Merrill | Evercore | Hayfin Capital Management | Steven Pieper | Xeris Biopharma Holdings Ian Koplin

GoldenTree and Silver Point Provide $788MM Financing Commitment to Talen Energy Supply

Talen Energy and its wholly-owned subsidiary, Talen Energy Supply, obtained a financing commitment led by GoldenTree Asset Management and Silver Point Finance for a first lien facility in the aggregate amount of $788 million maturing in September 2024.

SVPGlobal Aids in Recapitalization of SGS

SGS, investment funds managed by SVPGlobal and the largest existing holder of SGS’ outstanding funded indebtedness completed a recapitalization transaction to strengthen SGS’s balance sheet and position the business for growth. HPS Investment Partners led the financing for the investment.

Patriot National Bancorp to Merge with American Challenger to Form Digital Bank

Patriot National Bancorp will acquire digital banking company American Challenger Development via a reverse subsidiary merger, with American Challenger surviving as a wholly-owned subsidiary of Patriot.

IPC Systems Enters Agreement to Reduce Debt by More Than $400MM

IPC Systems entered into a transaction support agreement with its key stakeholders that will reduce the company’s debt by more than $400 million, extend its debt maturity schedule by five years and provide new capital of $125 million to deliver resources for investment in long-term growth strategies.

Evercore Names Mellet Brown the Next CFO of the Company

Evercore named Celeste Mellet Brown its next CFO, effective Sept. 1. As CFO, Mellet Brown will be responsible for Evercore’s financial, tax, internal audit, information technology, investor relations, communications and real estate functions. She will succeed Robert B. Walsh.

JPMorgan Leads $400MM in Financing for Healogics

JPMorgan’s strategic situations division led a $30 million revolving credit facility and a new $370 million first lien term loan for Healogics, a provider of wound care. Healogics also secured $240 million in equity investments.

Frontier Communications Receives All Approvals for Chapter 11 Restructuring

The California Public Utilities Commission unanimously voted to approve Frontier Communications’ emergence from Chapter 11. Having already received all other required state and federal approvals, Frontier Communications expects to emerge from Chapter 11 in the coming weeks.

April 16, 2021 California Public Utilities Commission | Evercore | Frontier Communications | FTI Consulting | Kirkland & Ellis Ian Koplin

Annaly Sells Commercial Real Estate Business to Slate for $2.33B

Annaly Capital Management entered into a definitive agreement to sell its commercial real estate business to Slate Asset Management, a global investment and asset management firm focused on real estate. The transaction is valued at $2.33.

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