BC Partners Credit, the credit arm of alternative asset management firm BC Partners, made a $400 million investment in Riddell, a designer and manufacturer of football helmets, with the investment including convertible preferred equity and debt.
HRC Financial Group entered into a partnership with Sierra Crest Investment Management and Mount Logan Management to offer investors two new credit funds: the Opportunistic Credit Interval Fund (OCIF) and Alternative Credit Income Fund (ACIF).
Mount Logan Capital entered into a definitive agreement with Ovation Partners, an Austin, TX-based specialty finance focused asset manager, for the management of Ovation’s $254 million alternative income platform.
Mount Logan Capital, as borrower, entered into an amendment to its existing credit agreement dated August 20 to increase the term loan available pursuant to the credit agreement by $4.5 million for a total facility size of up to $28.5 million.
Logan Ridge Finance refinanced its entire legacy capital structure, an important milestone and key strategic initiative for the company.
Mount Logan Capital’s wholly-owned subsidiary, MLC US Holdings, entered into a credit agreement, as borrower, with a U.S.-based asset manager as administrative agent and collateral agent for the lenders in respect of a term loan for an initial amount of up to $25 million.
BC Partners Credit launched GP and NAV-based financing strategies, with Tom Glover serving as operating advisor. The strategy will address the private equity industry’s growing demand for non-dilutive debt and preferred equity capital.
Harvest Capital Credit (HCAP) and Portman Ridge Finance (PTMN) entered into a definitive agreement under which HCAP will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management.
Portman Ridge Finance and Garrison Capital have merged. The combined company will be externally managed by Sierra Crest Investment Management.
Garrison Capital and Portman Ridge Finance entered into a definitive agreement under which Garrison Capital will merge with and into Portman Ridge Finance, which is a business development company managed by Sierra Crest Investment Management.