FirstDigital Telecom, a fiber-based carrier in the western United States, raised debt financing from a group of investors, including AllianceBernstein, Deutsche Bank, Guggenheim and Webster Bank.
Strike entered into an asset purchase agreement with American Industrial Partners and filed for a restructuring under Chapter 11. In connection with the proposed sale transaction, American Industrial Partners committed to provide $29 million in debtor-in-possession financing to Strike.
Talen Energy and its wholly-owned subsidiary, Talen Energy Supply, obtained a financing commitment led by GoldenTree Asset Management and Silver Point Finance for a first lien facility in the aggregate amount of $788 million maturing in September 2024.
Alpha Latam Management received bankruptcy court approval for the proposed sale of the loan portfolio and certain related assets of debtor entities Alpha Capital and Vive Créditos Kusida to CFG Partners Colombia following an auction process.
Ecobat entered a new five-year upsized global funding facility led by J.P. Morgan. The facility was established by a syndicate of lending institutions, for which J.P. Morgan acted as administrative agent.
FaZe Clan, an esports and entertainment company, entered into a definitive merger agreement to combine with B. Riley Principal 150 Merger (BRPM), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial.
Riverbed Technology entered into a restructuring support agreement regarding the terms of a financial restructuring. Upon consummation of the recapitalization, a group of institutional investors led by Apollo Global Management will become the majority owners of the company.
Hertz Global Holdings received bankruptcy court approval of its plan of reorganization. The plan unimpairs all classes of creditors and was approved by more than 97% of voting shareholders. The court’s approval clears the way for Hertz to emerge from Chapter 11 by the end of June.
Deerfield Healthcare Technology Acquisitions closed its business combination with CareMax Medical Group and IMC Medical Group Holdings. The combination was partially funded by $125 million in financing from a $185 million credit facility from RBC Capital Markets and Truist Securities.
The banking app Dave and VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital, entered into a business combination agreement that will result in Dave becoming a publicly traded company with an expected equity value of approximately $4 billion.