Monroe Capital closed a $505 million term debt securitization known as Monroe Capital MML CLO XII. The term financing was Monroe’s seventh CLO completed since March 2018 and is secured by a portfolio of middle-market senior secured loans.
Blue Ridge Bankshares, the parent company of Blue Ridge Bank, and FVCBankcorp, the parent company of FVCbank, entered into a definitive agreement pursuant to which the companies will combine in an all-stock merger of equals.
Raymond James expanded its recapitalization and restructuring investment banking group with the addition of senior banker Richard Klein. Klein joined Raymond James from Miller Buckfire. He previously worked in the restructuring groups at Jefferies and Houlihan Lokey.
Raymond James expanded its recapitalization and restructuring investment banking practice by hiring Jacob Czarnick as a managing director. Czarnick will focus on restructuring and will use his knowledge of both company and creditor engagements to assist clients in navigating distressed transactions.
Deerpath Capital Management closed Deerpath CLO 2021-1, a $360 million collateralized loan obligation. This CLO represents the third CLO issued by Deerpath since 2018 and brings the firm’s total CLO assets under management to approximately $805 million.
Independent investment bank Matrix Capital added Casey Van de Walle as a director and Anthony Hoffman, CPA, as an analyst of the firm. Van de Walle most recently served as vice president at Edgement Partners and Hoffman most recently served as an audit associate at Ernst & Young.
Purple Innovation executed a new five-year $100 million senior secured credit facility, consisting of a $45 million term loan and a $55 million revolving line of credit, with a group of financial institutions led by KeyBanc Capital Markets.
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.
Raymond James has hired experienced finance professional James Kim as managing director in the firm’s Health Care Investment Banking practice.
Legacy Texas Bank led a bank group on an amendment to Vaquero Midstream’s revolving credit facility, increasing the size of the facility to $225 million and extending the facility commitment to December 2021.