JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth, women-led and natural products companies, announced a series of transactions raising $72 million in gross proceeds. The raise will accelerate JPC's growth trajectory and fund new loans to JPC borrower clients.The capital raise consists of a strategic combination of financing including a senior revolving credit facility provided by Texas Capital Bank, a mezzanine credit facility from a New York-based
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October 18, 2024 @ 08:12 AM
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Reynolds Consumer Products, a provider of household products, announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo. Wells Fargo acted as lead left arranger and syndication agent for the revolving credit facility.The parties replaced an undrawn $250 million senior secured revolving credit facility maturing in February 2026 with an undrawn $700 million senior secured revolving credit facility maturing in
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October 18, 2024 @ 08:10 AM
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MidOcean Partners announced that Jon Fox, former President of the alternative investment firm Värde, has joined the firm as Global Head of Capital Formation. Fox brings several decades of leadership and alternative asset management experience to MidOcean that will help to enhance and expand MidOcean’s investor relationships globally, and position the firm to continue to meet investors’ evolving needs. “I am very excited to welcome Jon to MidOcean as we continue to create innovative solutions
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October 17, 2024 @ 09:12 AM
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Hilco Global and TPG Angelo Gordon announced the formation of a new joint venture that will identify, acquire, and finance consumer brands and IP in partnership with Bluestar Alliance, LLC. In connection with the launch, the JV has completed a series of inaugural transactions, including:
An approximately $190 million investment in a securitization transaction established by BR Brand Management, LLC, a subsidiary of B. Riley Financial, Inc. (“B. Riley”), financing certain brands managed
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October 29, 2024 @ 08:20 AM
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CB&S Bank recently established a new loan production office in Kennesaw, Georgia. CB&S Business Capital, a division of CB&S will be focused on asset-based lending throughout the southern United States. CB&S Business Capital will be led by its president, industry veteran Mike Knuckles. Prior to joining CB&S, Mike led the formation of asset based lending divisions at two other southern regional banks.“We are thrilled to have Mike Knuckles lead CB&S Business Capital. Having worked with him
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October 17, 2024 @ 09:17 AM
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