Tag Archives: Goldman Sachs

Sixth Street Leads $1.8B in New Capital to Refinance Maturing Loans for Equinox Group

Equinox Group secured approximately $1.8 billion in new capital to refinance maturing loans. Sixth Street led the transaction as a new investor along with Silver Lake. Equinox also secured a new revolving credit facility from Goldman Sachs, Morgan Stanley and J.P. Morgan.

Bank of America Leads Financing for AITX’s Completed Acquisition of SMBC Rail Services

American Industrial Transport (AITX) completed the acquisition of certain of the railcar assets and operations formerly owned by rail leasing company SMBC Rail Services. Bank of America led the acquisition financing for the transaction as administrative agent.

Goldman Sachs Sells GreenSky to Sixth Street-Led Consortium

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.

Goldman Sachs Asset Management Makes Investment in World Insurance Associates

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.

Oaktree Capital Management Provides $250MM Term Loan to RYAM

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.

Bank of America Amends and Extends Cleveland-Cliffs’ ABL Facility

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.