Theratechnologies, a biopharmaceutical company, received funding of $40 million under the terms of its credit agreement with affiliated funds of Marathon Asset Management.
Theratechnologies received a binding commitment with respect to a non-dilutive term loan with an affiliate of Marathon Asset Management for up to $100 million.
John Hancock Investment Management and Marathon Asset Management launched John Hancock Asset-Based Lending Fund, which will invest at least 80% of its net assets in asset-based lending investments.
Marathon Asset Management closed a $155 million credit facility for Brown Jordan, a designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the United States.
Andrew Rabinowitz, president and COO of Marathon Asset Management, will be departing the firm in September. Jamie Raboy, Christine Chartouni and Jason Friedman will assume Rabinowitz’s day-to-day responsibilities.
Marathon Asset Management closed a $100 million senior secured bonds financing for Foraco International, a global provider of mineral drilling services.
Marathon Asset Management closed a $155 million senior credit facility for Avenger Flight Group, an independent provider of enterprise flight training solutions to aviation clients worldwide.
JPMorgan’s strategic situations division led a $30 million revolving credit facility and a new $370 million first lien term loan for Healogics, a provider of wound care. Healogics also secured $240 million in equity investments.
Marathon Asset Management closed its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately $900 million in commitments. The fund will invest in a portfolio of asset-based loans across multiple sectors.
Marathon Asset Management closed its Marathon distressed credit fund, which was oversubscribed with approximately $2.5 billion in commitments. The fund will pursue opportunities such as restructurings, debtor-in-possession financings and exit financings.