J.P. Morgan plans to open a new office in Athens, Greece, to support the organic growth of its businesses in the country. The office will also house a new payments innovation lab for which the firm will be hiring a payments research and development team locally.
Lendbuzz, a consumer financial technology company providing automobile financing, closed a $150 million credit facility with J.P. Morgan.
RumbleOn, a technology-based omnichannel powersports platform, entered into a $75 million used powersports inventory financing credit facility with J.P. Morgan.
Bloomreach entered into a $30 million, three-year credit facility with J.P. Morgan, further strengthening the company’s financial position as it continues to scale its commerce experience solutions to businesses worldwide.
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.
J.P. Morgan completed its acquisition of Global Shares, a cloud-based provider of share plan management software.
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.