Dynasty Financial Partners, a provider of back and middle-office outsourced solutions for RIAs, closed a $50 million revolving credit facility with Royal Bank of Canada (RBC) acting as sole administrative agent.
Bed Bath & Beyond completed its financing agreements. The company has secured more than $500 million of new financing, including its newly expanded $1.13 billion asset-backed revolving credit facility and a new $375 million “first-in-last-out” facility.
FreshBooks, an accounting software with paying customers in more than 160 countries, secured a $100 million syndicated debt facility with BMO and J.P. Morgan.
Converge Technology Solutions refinanced its existing $300 million ABL credit facility with a new five-year, $500 million global revolving credit facility led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers.
CIBC Innovation Banking closed £40 million ($47.3 million) of growth financing for London-based Smart, a retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products and undertake acquisitions.
Zebra Technologies closed on a $3.25 billion senior secured credit facility that will mature in May 2027. J.P. Morgan and Wells Fargo were co-left lead arrangers on the structuring and syndication of the facility.
Curtiss-Wright entered into a new credit agreement with a group of eight banks increasing the size of its revolving credit facility to $750 million while also expanding the accordion feature to $250 million.
Wayflyer, a revenue-based financing and growth platform for e-commerce businesses, secured and began deploying $300 million in debt financing from J.P. Morgan, with Neuberger Berman acting as a mezzanine provider.
Dave & Buster’s Entertainment entered into an agreement to acquire Main Event from Ardent Leisure Group and RedBird Capital Partners. Deutsche Bank Securities, JPMorgan Chase Bank and BMO Capital Markets are the joint lead arrangers and joint bookrunners for the financing supporting the acquisition.