Lordstown Motors entered a strategic restructuring process to maximize the value of its assets, including its on-the-road Endurance all-electric pickup truck, intellectual property and platform.
Oatly entered into a commitment letter to amend its sustainable revolving credit facility agreement, and a commitment letter documenting a $125 million term loan B credit facility commitment.
Priority Power Management refinanced its existing debt and increased its credit facility from $85 million to $250 million. Priority Power Management executed the new five-year credit agreement comprising a $150 million revolving credit facility, $50 million term loan and $50 million revolver accordion.
Stifel Financial and Korea Investment & Securities, a subsidiary of Korea Investment Holdings, formed a substantial leveraged lending joint venture, SF Credit Partners.
Mill Rock Capital acquired Impressions Incorporated, a specialty packaging and printing company specializing in the complete production of custom folding cartons and ancillary products for various end markets.
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.