Jefferies Archives - ABFJournal

TCW Group Closes $400MM CLO

The TCW Group, a global asset management company, closed a $400 million collateralized loan obligation fund, TCW CLO 2023-2, which is secured primarily by broadly syndicated first lien loans.

August 17, 2023 Drew Sweeney | Jefferies | Ken Toshima | TCW Group Ian Koplin

Banc of California to Merge with PacWest Bancorp

Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction.

Equilibrium to Provide $30MM in DIP Financing to AppHarvest

AppHarvest filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company also obtained a commitment from Equilibrium for $30 million in debtor-in-possession financing.

QualTek’s Plan of Reorganization Confirmed by Bankruptcy Court

QualTek Services, an infrastructure services provider, announced that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

Lordstown Motors Enters Restructuring Process, Files Litigation Against Hon Hai Technology Group

Lordstown Motors entered a strategic restructuring process to maximize the value of its assets, including its on-the-road Endurance all-electric pickup truck, intellectual property and platform.

June 27, 2023 Edward Hightower | Foxconn | Jefferies | Lordstown Motors | White & Case Ian Koplin

QualTek Files Chapter 11, Enters RSA to Reduce Debt by $307MM

QualTek Services, an infrastructure services provider, announced a restructuring transaction that will reduce the company’s debt by approximately $307 million and provides $40 million of additional liquidity.

JPMorgan Chase Delivers $75MM Credit Facility to Daktronics

Daktronics closed on a three-year, $75 million senior secured credit facility with JPMorgan Chase. In addition, Daktronics closed a $25 million convertible debt financing agreement with shareholder Alta Fox Capital Management.

Jefferies Provides $117MM IP-Insurance Backed Debt Financing to Locus Fermentation Solutions

Locus Fermentation Solutions, a green tech company that produces biological alternatives to chemicals that advance decarbonization goals, has secured $117 million in IP-insurance backed debt financing arranged by Jefferies — bringing its total raise to more than $250 million.

April 7, 2023 Andrew (Andy) Lefkowitz | Jefferies | Lewis Lee | Locus Fermentation Solutions Ian Koplin

Jefferies Provides $130MM Senior Secured Term Loan to Danimer Scientific

Danimer Scientific closed a new senior secured term loan with an aggregate principal amount of $130 million that expands its capital structure, significantly improves its near-term liquidity position and enables it to maintain strategic and operational flexibility.

March 20, 2023 AON | Danimer Scientific | Jefferies | Stephen E. Croskrey Ian Koplin

QualTek Services Appoints Turner of Alvarez & Marsal as Chief Restructuring Officer

QualTek Services closed a money incremental term loan providing $55 million in immediately available funds under its existing term loan credit agreement. The company appointed Cari Turner of Alvarez & Marsal as chief restructuring officer to support QualTek’s management team and the board of directors.

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