MPOWER Financing closed on debt financing that propelled the firm’s overall lending capacity to more than $300 million. The funding included commitments from Deutsche Bank, Goldman Sachs and Värde Partners.
Goldman Sachs entered into an agreement to sell its GreenSky platform and associated loan assets to a consortium of institutional investors led by Sixth Street. The transaction is expected to close in Q1/24, subject to standard closing conditions.
Ampla, a provider of financial solutions for consumer brands, raised a $258 million credit warehouse facility with Goldman Sachs and Atalaya Capital Management.
World Insurance Associates, an insurance brokerage, and funds advised by Goldman Sachs Asset Management, through its private equity and hybrid capital teams, entered into a definitive agreement through which Goldman Sachs will make “a major investment” in World Insurance Associates.
Janus International Group, a provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, entered into a series of related transactions to refinance its debt.
ChargePoint, an electric vehicle charging network, entered a new credit agreement that provides for a $150 million revolving credit facility led by JPMorgan Chase Bank as administrative agent and joint lead arranger.
Rayonier Advanced Materials (RYAM), a producer of high-purity cellulose specialties and other sustainable materials, obtained $250 million in aggregate principal amount of secured term loan financing from funds managed by Oaktree Capital Management.
Cleveland-Cliffs amended and extended its asset-based lending credit facility. The amendment extends the maturity date of the facility to June 9, 2028, and transitions the benchmark interest rate from LIBOR to SOFR. BofA Securities served as lead arranger for the ABL facility.
ProPetro extended its existing asset-based loan facility to a new five-year term and expanded its commitments from $150 million to $225 million. Barclays will continue to serve as the agent of the amended ABL along with other participants, including JPMorgan Chase, Bank of America and Goldman Sachs.
Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.