According to an 8K filed with the SEC, Bank of America served as administrative agent on an amendment to WEX’s existing senior secured credit facilities. In addition, WEX agreed to a $400 million dollar investment from an affiliate of Warburg Pincus.
Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.
Bank Leumi and the Azrieli Group agreed to sell Leumi Card to funds affiliated with private equity fund Warburg Pincus for NIS2.5 billion ($682 million).
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.
Barings served as co-lead arranger of a second-lien credit facility to support Warburg Pincus’ acquisition of Service Logic. It also provided senior secured and revolving facilities to Service Logic.
Warburg Pincus acquired Ascentium Capital, the third largest private-independent equipment finance company in the U.S. by origination volume. Ascentium CEO Tom Depping will continue to lead the company.
Private equity firm Warburg Pincus entered into agreement whereby one of its affiliates will invest in Hygiena. Antares Capital, Ares Management and Varagon Capital will provide debt financing to support the transaction.
Silk Road Medical has received up to $57 million in equity and debt funding. CRG led the debt financing and also participated as an equity investor.