U.S. Bank announced a realignment of its asset-based finance organization to best serve its current clients and meet the growing demand for asset-based financing products. John Freeman was named Head of Sales & Originations for U.S. Bank Asset Based Finance. He most recently led coverage for ABF clients across the Western U.S. and various industry verticals.Freeman is an industry veteran who joined the bank in 2020 from JPMorgan and has more than 30 years of banking experience. The team has been
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November 22, 2024 @ 08:15 AM
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Blackstone and Santander Corporate & Investment Banking announced an agreement under which funds managed by Blackstone Credit & Insurance (“BXCI”) will acquire interests in a $1 billion portfolio of high-quality infrastructure loans from Santander. The portfolio comprises loans that finance assets located largely in Western Europe and the US across the digital infrastructure, utility scale renewable, energy efficiency and transportation sectors.Robert Horn, Global Head of Infrastructure & Asset
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November 27, 2024 @ 08:15 AM
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Spirit Airlines entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring. The restructuring is expected to reduce Spirit's debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value.In connection with the RSA, Spirit has received
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November 18, 2024 @ 08:15 AM
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Marathon Asset Management and Webster Bank closed a senior-secured financing agreement for Sunbelt Modular, Inc. to support its acquisition by funds advised by Littlejohn & Co., LLC. Sunbelt is a leading designer and manufacturer of modular building solutions.Founded over 45 years ago, Sunbelt provides a robust suite of highly engineered structures for custom and fleet applications that serve a diverse set of commercial end markets. The Company will continue to be led by CEO Ron Procunier, an
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November 22, 2024 @ 08:05 AM
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Pivot Energy ("Pivot"), a leading, national renewable energy provider and independent power producer, announced two transformational financing arrangements, marking a critical step toward establishing innovative and scalable financing facilities. Pivot has successfully secured a $450 million debt warehouse facility, led by long-time partner, First Citizens Bank, which includes new strategic partner ATLAS SP Partners ("ATLAS"), the warehouse finance and securitized products business majority
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November 22, 2024 @ 08:00 AM
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