CIT, ABN AMRO, Others Provide $268MM Facility to Global Ship Lease

Global Ship Lease has completed a new syndicated $268 million senior secured credit facility comprised of two tranches with major commercial lenders Credit Agricole, ABN AMRO Bank, CIT Bank, Hellenic Bank and Siemens Financial Services.

BBVA Agents New $130MM Facility for Akumin

Akumin closed two credit facilities for a principal amount of $130 million with a syndicate of lenders. The facilities consist of an $100 million term loan for and a $30 million revolving credit facility.

KeyBanc Capital Markets Arranges $434MM sPower Equity/Debt Financing

sPower, a private owner of utility-scale solar operating assets, completed a $434 million tax equity investment and construction/term loan. KeyBanc Capital Markets acted as coordinating lead arranger.

Siemens First Capital Commercial Finance Wins Suit Dismissal

According to Supreme Court of NY documents, Siemens First Capital Commercial Finance won dismissal of a lawsuit accusing it of breach of contract over the cancellation of an IPO for an alarm service business.

November/December 2005