Credit Genie, a digital personal finance platform, completed an additional funding round, bringing its total financing to $21 million. In connection with the latest round of financing, Credit Genie also secured a credit facility with affiliates of Fortress Investment Group.
Comvest Credit Partners, a provider of direct financing solutions to middle-market companies, is acting as administrative agent on an upsized $635 million senior credit facility for Beyond Finance, a U.S.-based provider of fee-based debt resolution services.
QualTek Services, an infrastructure services provider, emerged from Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas following the confirmation of its plan of reorganization on June 30.
Fortress Investment Group and Mubadala Investment Company, through its wholly-owned asset management subsidiary, Mubadala Capital, entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group, who have been the owners of Fortress since 2017.
Airspan Networks Holdings entered into a new financing agreement with affiliates of Fortress Investment Group to establish a new delayed draw term loan of $25 million.
Vice Media Group agreed to the terms of an asset purchase agreement with a consortium of its lenders, including Fortress Investment Group, Soros Fund Management and Monroe Capital, and entered Chapter 11 bankruptcy in the Southern District of New York.
Nanosys raised more than $50 million in Series B equity and debt financing. The initial close of this round included funds managed by affiliates of Fortress Investment Group, Centerbridge Partners and Kilonova Capital as new investors.
Configure Partners served as financing advisor and investment banker to SPB Hospitality in securing committed debt capital to support its acquisition of J. Alexander’s Holdings.
Funds managed by affiliates of Fortress Investment Group closed a three-year, $150 million secured credit facility and a $6.125 million equity investment for Car Capital, an automotive financial technology company.
Mogo, a Canadian financial technology company, amended its existing senior credit facility with funds managed by affiliates of Fortress Investment Group. The amendment lowers the effective interest rate, extends the maturity date and increases the available loan capital to $60 million.