Tag Archives: GIC

BofA and Wells Fargo Support Summit Hotel Properties’ Portfolio Acquisition

Through its existing joint venture with GIC, Summit Hotel Properties closed a portfolio acquisition of 26 hotels from affiliates of NewcrestImage. Bank of America and Wells Fargo Bank provided $410 million in debt financing to support the transaction.

Community Investment Management Provides $75MM in Debt Financing to Stori

Credit card-led financial technology company Stori closed a $125 million, over-subscribed Series C round of equity financing. Stori also raised $75 million in debt financing from debt capital provider Community Investment Management.

BofA Securities Supports Platinum Equity’s Acquisition of Cabinetworks

Platinum Equity entered into a definitive agreement to acquire Cabinetworks from American Industrial Partners, GIC and other equity holders. BofA Securities will lead debt financing to support the acquisition.