Tag Archives: Skadden Arps Slate Meagher & Flom

Industrial Logistics Properties Trust Closes $1.235B Debt Financing with Syndicate of Lenders

Industrial Logistics Properties Trust closed on a $1.235 billion debt financing with a final maturity date of Oct. 9, 2027. The financing is secured by a portfolio of 104 industrial properties containing approximately 18.6 million square feet across 31 states.

WSFS and Francisco Partners Provide $250MM Term Loan to 8×8

8×8, an integrated cloud communications platform provider, entered into a $250 million senior secured term loan facility in a transaction led by Francisco Partners. Wilmington Savings Fund Society will serve as administrative agent, with certain affiliates of Francisco Partners as lenders.

Franklin BSP Lending and Franklin BSP Capital Acquire Encina Equipment Finance

Franklin BSP Lending and Franklin BSP Capital, business development companies advised by affiliates of Benefit Street Partners, acquired substantially all of the equity interests of Encina Equipment Finance.

Callodine Group Enters Agreement to Acquire Thorofare Capital

Callodine Group, an asset management firm focused on yield-oriented investment strategies, entered into a definitive agreement to acquire a majority stake in Thorofare Capital, a real estate investment firm managing more than $1 billion in assets under management.

Encina Business Credit Announces Recapitalization, Changes Name to Eclipse Business Capital

Encina Business Credit announced a recapitalization and an expanded capital base provided by affiliated funds of Barings along with participation from Encina management. In conjunction with the recapitalization, Encina changed its name to Eclipse Business Capital.

Jefferies and SMBC Partner to Collaborate on Corporate/Investment Banking Opportunities

Jefferies Financial Group and Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking and SMBC Nikko Securities (collectively, SMBC Group) entered into an alliance to collaborate on future corporate and investment banking business opportunities.

Wells Fargo Sells Asset Management Business to GTCR and Reverence Capital Partners for $2.1B

Wells Fargo entered into a definitive agreement to sell Wells Fargo Asset Management to GTCR and Reverence Capital Partners for $2.1 billion. The sale includes Wells Fargo’s business of acting as trustee to its collective investment trusts and all related Wells Fargo Asset Management legal entities.

Morgan Stanley Leads Debt Financing to Support E.W. Scripps’ Buy of ION Media

Morgan Stanley Senior Funding led debt financing to support the close of E.W. Scripps Company’s acquisition of ION Media Networks. In addition, BofA Securities, Truist Securities, J.P. Morgan and Wells Fargo acted as joint book runners on the debt financing.