Stonebriar Commercial Finance extended its $1 billion revolving warehouse credit facility agented by Bank of America to 2025. Mitsubishi UFJ Financial Group (MUFG) joined the facility as a new participating lender.
CIFC Asset Management launched the CLO Initiative for Change, a philanthropic program connected to collateralized loan obligations issued by the firm and dedicated to supporting organizations driving social, economic and/or environmental change.
ING Capital acted as sole bookrunner and coordinating lead arranger on debt financing consisting of a term loan facility totaling $490 million and a $60 million revolving credit facility for Lighthouse Infrastructure, a wholly-owned subsidiary of Third Coast Midstream.
Monroe Capital and Wells Fargo provided debt financing to Southfield Capital and Protos Security in the companies’ acquisition of Mulligan Security, a U.S.-based direct guard and fire safety solutions provider.
Investec Power and Infrastructure Finance acted as sole bookrunner, coordinating lead arranger and administrative agent on a seven-year, $200 million debt financing facility for a holding company of Cypress Creek Renewables.
The U.S. Bankruptcy Court for the Southern District of New York granted Avianca access to $2 billion in debtor-in-possession financing, including $1.27 billion in senior secured financing for which Goldman Sachs and JPMorgan Chase are serving as co-lead arrangers.
Noble Corporation entered into a restructuring support agreement with two ad hoc groups of the largest holders of the company’s outstanding bond debt. In addition, JPMorgan Chase will serve as administrative agent on a $675 million secured revolving credit facility for Noble Corporation.
SCM Topco, parent of Salt Creek Midstream, closed on a recapitalization with additional investments from both its existing lender groups and funds managed by Ares Management.
GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code.