United Gaming has entered into a new $75 million senior secured asset-based credit facility with Boston-based Summit Partners acting as the single lender.
During Q4/17, the Ares Management Credit Group closed new financing commitments in its U.S. direct lending strategies that totaled approximately $2.8 billion across 53 transactions.
Summit Partners announced it raised $1 billion for its second credit fund, Summit Partners Credit Fund II, to address the borrowing needs of growing middle market companies.
Bank of America Merrill Lynch, J.P. Morgan and RBC Capital Markets provided $35 million revolver to A10 Networks. RBC Capital Markets acted as administrative agent.
Summit Partners provided Round Table Pizza with a $32.5 million senior secured term note, with the option of obtaining additional growth capital of up to $2.5 million.