atai Life Sciences, a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, entered into a term loan facility for up to $175 million with Hercules Capital.
Spark Networks, a social dating platform for meaningful relationships, completed the successful refinancing of its existing term and revolving loan facility with borrowings under a new term loan facility with MGG Investment Group.
Veeco Instruments entered into a senior secured revolving credit facility that enables the company to borrow up to $150 million over a five-year term that expires in December 2026. HSBC Bank is acting as administrative agent and collateral agent for the facility.
AeroCentury and certain of its subsidiaries commenced a voluntary case under Chapter 11 of the United States Bankruptcy Code. AeroCentury also entered into a stalking horse agreement with its sole secured lender, Drake Asset Management.
ACRES Capital acquired Exantas Capital’s management agreement from an affiliate of C-III Capital Partners. Exantas Capital also entered into definitive agreements with MassMutual and Oaktree for new capital commitments aggregating up to $375 million.
iCapital Network and Artivest entered into a definitive agreement under which iCapital will acquire the Artivest platform and operating businesses. PJT Partners served as financial advisor to iCapital Network and RBC Capital Markets served as financial advisor to Artivest.
Jay Gavigan has joined Morrison & Foerster’s New York office as a partner in its Lending and Financial Transactions Group.
Law firm Morrison & Foerster opened an office in Boston to further extend its technology and life sciences capabilities. The move also expanded the firm’s Finance and Emerging Companies and Venture Capital practices.
Dennis Jenkins, a financial restructuring lawyer with 20 years of experience, joined global law firm Morrison & Foerster as a partner in its New York–headquartered Business Restructuring & Insolvency Group.