KeyBank and CIBC Arrange Expansion of Runway Growth Finance’s Revolver
KeyBank Specialty Finance, CIBC Bank USA and other lenders increased the aggregate commitments on Runway Growth Finance’s existing revolving credit facility to $500 million.
KeyBank Specialty Finance, CIBC Bank USA and other lenders increased the aggregate commitments on Runway Growth Finance’s existing revolving credit facility to $500 million.
Espresso Capital closed a $200 million credit facility from KeyBank. A provider of venture debt solutions, Espresso Capital will use the facility to further expand its lending activities to technology and healthcare companies.
KeyBank Specialty Finance Lending promoted Matt Taylor to managing director and head of distribution. In this role, Taylor will manage client relationships; originate, structure and close new lending facilities; and lead distribution activities for the specialty finance lending platform.
KeyBank Specialty Finance Lending closed a $35 million credit facility for Commercial Equipment Finance (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico.
KeyBank Specialty Finance Lending, MUFG, Bank of Hope and CIBC expanded Runway Growth Credit Fund’s revolving credit facility to $215 million with an accordion feature that enables Runway Growth to increase the commitments to up to $300 million.
KeyBank Specialty Finance Lending closed a $50 million revolving credit facility for the Oxford Finance Credit Fund I LP, a private debt fund managed by Oxford Finance.