Oaktree Capital Management announced the final close of Oaktree Opportunities Fund XII (“Opps XII” or “the Fund”), with approximately $16 billion of commitments, including co-investment and affiliated vehicles.“Oaktree’s Global Opportunities strategy has a 36-year track-record of successfully investing through multiple market cycles – generating consistently strong returns through our disciplined and diversified approach to capital deployment and risk mitigation,” said Bruce Karsh, Co-Chairman
Read Story
February 13, 2025 @ 08:15 AM
|
Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, announced that its Asset-Based Lending (“ABL”) team has provided a $20MM revolving line of credit to Arctaris Impact Investors, LLC (“Arctaris”). Based in Wellesley, Massachusetts, Arctaris will use the financing to expand its support for profitable, high-growth businesses in underserved communities across the U.S.Founded in 2009, Arctaris has developed an innovative capital
Read Story
February 13, 2025 @ 08:07 AM
|
Natixis Corporate & Investment Banking (Natixis CIB) announced the appointments of Zach Rose, Matthew Pewarski, and Nate White in key leadership positions within the firm’s Global Markets Americas team. The strategic hires underpin Natixis CIB’s investment in its Global Markets franchise in the Americas, particularly its Macro business, with a focus on expanding its presence with Insurance companies, Financial Sponsors, Asset Managers, and Banks. They will be based in New York. Zach Rose will
Read Story
February 13, 2025 @ 08:05 AM
|
MidCap Business Credit completed a $10 million asset-based line of credit for a distributor of winter clothing.The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT. Seth Cooper, SVP / National Sales Manager said, “We were able to structure a revolver to generate the additional liquidity the company needed in order to pay out their incumbent lender and support their working capital needs going forward.”
Read Story
February 13, 2025 @ 07:05 AM
|
Applied Digital Corporation, a designer, builder, and operator of next-generation digital infrastructure for HPC applications, announced that the Company, through its HPC subsidiary APLD HPC Holdings LLC (“APLDH”), closed a $375 million financing with SMBC. The Company used a portion of the proceeds to repay its obligations under the Macquarie Capital senior secured note, and the remaining proceeds are intended to be used to advance the development of the first and second data center buildings
Read Story
February 13, 2025 @ 07:38 AM
|