Barings Finance and Siemens Financial Services provided debt financing for aerospace-focused private equity firm J.F. Lehman’s acquisition of CTS Engines, a provider of maintenance, repair and overhaul services for aircraft engines.
CIT Group’s Power and Energy business served as lead arranger for a $140 million financing for esVolta, a developer of utility-scale energy storage systems for renewable energy projects.
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.
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.
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.
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.