iPass, a provider of global mobile connectivity, finalized a senior secured credit facility of up to $20 million from affiliates of funds managed by affiliates of Fortress Investment Group.
SoftBank Group completed its acquisition of Fortress Investment Group for $3.3 billion in cash. Following the close, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares.
Super G Capital provided a $1.5 million bridge facility for a software as a service (SaaS) company that provides data management solutions to insurance agencies, government agencies, hospital and healthcare organizations.
Iconix Brand Group closed its previously announced $300 million senior secured term loan credit facility provided by credit funds managed by affiliates of Fortress Investment Group.
Iconix Brand Group entered into a new five-year $300 million senior secured term loan credit facility provided by credit funds managed by affiliates of Fortress Investment Group.
Former Fortress Investment Group managing director, Jared Cohen, reportedly is planning to start his own distressed-debt fund, according to two people with direct knowledge of the matter.
Fortress Investment Group provided a $4 million facility to SignaCert. The facility is backed by a portion of SignaCert’s intellectual property portfolio.
Bloomberg reported Fortress Investment Group is seeking about $4.3 billion to buy distressed credit around the world as investment firms prepare for markets to sour, according to people familiar with the matter.
Oxford International Group announced the closing of an equity and debt financing transaction with Fortress Investment Group. The funds will be used to finance the acquisition of settlement receivables.
Bloomberg reported that LightSquared received bankruptcy court approval to go forward with a new plan, which would include a $2.5 billion exit loan and at least $1.25 billion in new equity contributions. The plan was supported by Fortress Investment Group, JPMorgan Chase and Melody Capital Advisors.