Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.
Encina Capital Partners launched Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada. Luke Graham and John Thomas will lead the new platform.
QuadPay, a U.S.-based payment installment platform, has secured a senior secured committed revolving line of credit of up to $200 million from Goldman Sachs, with mezzanine financing provided by Oaktree Capital.
EducationDynamics has raised $80 million from WhiteHorse Capital Management to finance the acquisition of Thruline Marketing assets from Oaktree Capital Management. The company also raised $12.5 million from Encina Business Credit in the form of a revolving credit facility.
Fortress Biotech entered into a $60 million loan agreement with funds managed by Oaktree Capital Management. Fortress Biotech expects to use the proceeds from the five-year loan to refinance existing indebtedness.
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.
Hancock Whitney agreed to sell $497 million of energy loans to certain funds and accounts managed by Oaktree Capital Management.
Acosta has successfully completed its financial reorganization and recapitalization and emerged from Chapter 11 less than a month after filing.
Sorrento Therapeutics, a clinical-stage immunotherapy biotech company, closed a debt financing for up to $150 million. The financing was provided by funds and accounts managed by Oaktree Capital Management.
Assembled Brands, the company financing emerging consumer goods brands, closed $100 million permanent capital from funds managed by Oaktree Capital Management.