Search Results for: credit commitments

GoldenTree-Asset-Management-Announces-$1.3-Billion-in-Commitments-for-Third-CLO-Equity-Fund
Fintech Investments News

GoldenTree Asset Management Announces $1.3 Billion in Commitments for Third CLO Equity Fund

Business Wire
GLM III is a continuation of the GoldenTree Loan Management program that began in 2016, bringing aggregate commitments across the entire GLM program to over $2.625 billion. GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $54 billion in assets under management, today announced the closing of $1.3......
KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership
InsurTech News

KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership

PR Newswire
Blackstone and Key closed a transaction on a seed portfolio of middle market fund finance facilities. KeyCorp announced a forward flow origination partnership with Blackstone Credit & Insurance (“Blackstone”) focused on Key’s Specialty Finance Lending (SFL) group. SFL is a leading asset-based lender serving clients nationally across middle market, growth capital, transportation,......
Irradiant Partners Raises $411 Million in Commitments for ICLOP III
Fintech Investments News

Irradiant Partners Raises $411 Million in Commitments for ICLOP III

Business Wire
Irradiant Partners, LP (“Irradiant”), an alternative investment manager with over $10 billion in assets under management, announced the closing of $411 million in commitments on the third vintage of the Irradiant CLO equity strategy (“ICLOP III”), eclipsing its fundraising target of $400 million. Over 95% of investors in ICLOP III......
Gulfport Energy Announces Pricing of Block Trade of 653,464 Shares of Common Stock by Selling Stockholders
Fintech News

Weatherford Announces $550 Million Credit Facility with $300 Million Borrowing Capacity

GlobeNewswire
Weatherford International plc announced a five-year credit facility that is effective with aggregate commitments of $550 million. The facility is comprised of a $250 million tranche available for performance letters of credit and a $300 million tranche available as a cash revolver. There is also the optionality of a $200......
BB Energy Successfully Renews and Expands its Digital Borrowing Base Credit Facility to USD 600 Million
News Trading

BB Energy Successfully Renews and Expands its Digital Borrowing Base Credit Facility to USD 600 Million

PR Newswire
BB Energy, a leading global independent energy trading company, has successfully renewed and expanded its senior secured borrowing base credit facility (the ‘Facility’) in the Americas. The Facility finances the company’s working capital needs for inventory and receivables in the region. The Facility was launched at US $500 million and subsequently increased......
BlackRock Capital Investment Corporation Announces Credit Agreement Amendment
Investment Services News

BlackRock Capital Investment Corporation Announces Credit Agreement Amendment

Business Wire
BlackRock Capital Investment Corporation announced that it has entered into an amendment (the “Amendment”) to its $265 million senior secured revolving credit agreement (as amended, including by the Amendment, the “Revolving Credit Facility”). The Amendment, among other things: Browse more about Interview Insights: Global Fintech Interview with Scott Macfee, CEO......
CIT Northbridge Credit Refinances and Upsizes $45 Million Credit Facility with Tubular Synergy
Fintech News

CIT Northbridge Credit Refinances and Upsizes $45 Million Credit Facility with Tubular Synergy

PR Newswire
First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group LP, a privately held sales, marketing and supply chain services distributor. Founded in 2008 and headquartered in Dallas, Texas, Tubular Synergy Group......
CIT Northbridge Credit Provides $40 Million Credit Facility for Tronair
Banking Finance News

CIT Northbridge Credit Provides $40 Million Credit Facility for Tronair

PR Newswire
First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair, a leader in the manufacturing of ground support equipment, aftermarket replacement parts and services for the global aviation market. Founded in 1971 and headquartered in Swanton, Ohio, Tronair is a......
Cambridge Savings Bank Provides BFC Solutions with a Senior Credit Facility to Fund Extensive Growth
Banking News

Cambridge Savings Bank Provides BFC Solutions with a Senior Credit Facility to Fund Extensive Growth

Business Wire
Financing will allow the HVAC preventative maintenance company to repay existing debt and provide working capital to the business Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, announced that its Asset-Based Lending team (ABL) provided a senior credit facility to BFC Solutions (BFC), a national......
Sachem Capital Corp. Announces New Credit Facility
Mortgage News

Sachem Capital Corp. Announces New Credit Facility

PR Newswire
Enhances Available Capital and Liquidity to Support Growth Sachem Capital Corp., a financing company that specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans, announced the Company has entered into a $45 million revolving line of credit with Needham Bank. Mr. John Warch, Sachem Capital’s......
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