Jefferies Archives - ABFJournal

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.

TIAA to Sell TIAA Bank to New Investors

TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

Hercules Capital Provides $125MM Term Loan Facility to Provention Bio

Provention Bio, a biopharmaceutical company dedicated to intercepting and preventing immune-mediated diseases, secured a term loan facility of up to $125 million with Hercules Capital.

September 1, 2022 Bryan Jadot | Hercules Capital | Jefferies | Provention Bio Ian Koplin

KKR and Callodine Commercial Finance Support Durational Capital Management’s Acquisition of Casper

Casper Sleep entered into a definitive agreement to be acquired by Durational Capital Management. KKR Credit and Callodine Commercial committed debt financing to Durational Capital Management to support the acquisition.

Corre Management Partners Provides $50MM Subordinated Term Loan to TEAM

TEAM entered into a $50 million delayed draw subordinated term loan facility led by Corre Management Partners. TEAM also entered into an amendment to its senior secured term loan facility led by Atlantic Park Strategic Capital Fund.

J.P. Morgan and Others Support Clearlake’s Completed Acquisition of Cornerstone OnDemand

Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.

CitiGroup & Goldman Sachs Provide Financing to Support Avantor’s Acquisition of Masterflex

Avantor entered into a definitive agreement to acquire the Masterflex bioprocessing business and related assets of Antylia Scientific, a privately held, portfolio company of investment firms GTCR and Golden Gate Capital.

Eagle Point Credit Management Appoints Morse Head Corporate Trader

Eagle Point Credit Management appointed Nate Morse head corporate trader. Morse has more than 20 years of industry experience. Prior to joining Eagle Point Credit Management, he spent five years as a credit trader at Aristeia Capital.

Horizon Technology Finance Leads $35MM in Debt Financing for Cerecor

Cerecor, a biopharmaceutical company focused on the development and commercialization of treatments for rare and orphan diseases, entered into a debt financing agreement for up to $35 million in term loans with Horizon Technology Finance.

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