Private Equity
Capital Southwest has provided $14.5 million in growth funding to Amarillo, Texas-based Apollo MedFlight, a provider of air medical transportation services. The financing was comprised of a revolving credit facility, first lien term loan, delayed draw term loan and minority equity investment.
2 min read · 21 February 2018
BlueMountain Capital Management LLC has agreed to provide equity finding to Greenville, South Carolina-based Global Lending Services LLC, a national non-prime auto finance lender. No financial terms were disclosed. Also, BlueMountain is providing a loan purchase facility to GLS. According to the latter, the capital infusion will be used to fund future GLS originations.
2 min read · 20 February 2018
Red Monkey Foods, which is backed by San Francisco Equity Partners, has secured an acquisition term loan and a working capital line of credit from Avidbank Specialty Finance. No financial terms were disclosed. The capital is to support RMF's growth as well as its acquisition of San Francisco Salt Company, a provider of specialty bath and gourmet salts. Based in Springfield, Missouri, RMF is a provider of private label organic spices, seasonings and other natural dry food products.
3 min read · 16 February 2018
Locus Point Capital has raised almost $96 million for its new private credit fund, according to an SEC filing. No target was listed on the document. Red Bank, New Jersey-based Locus Point Capital is a specialty finance company for small to mid-sized healthcare providers.
1 min read · 15 February 2018
Denmark and Cary, North Carolina-based Veloxis Pharmaceuticals, which is focused on treating transplant patients, has secured $60 million in debt funding from Athyrium Capital Management. The capital will be used to refinance outstanding debt, accelerate the growth of Envarsus XR in the U.S. and for working capital.
3 min read · 14 February 2018
Denver-based Baceline Investments, has secured a $125 million senior credit facility from KeyBank. The capital will be used for acquisitions.
2 min read · 14 February 2018
Golub Capital's late stage lending team has provided $75 million in growth financing to San Mateo, California-based Apttus Corp, a quote-to-cash solution provider. Apttus’ backers include K1, Iconiq, Premji Invest and KIA.
2 min read · 13 February 2018
Ares Capital Corp and Varagon Capital Partners have expanded its senior direct lending program to about $6.4 billion from $2.9 billion. Also, AIG, a previous backer in the program, has increased its available capital by $500 million to $2.75 billion.
3 min read · 13 February 2018
Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, said on Monday it had reached a deal with its creditors to file for Chapter 11 bankruptcy to slash its $950 million debtload.
2 min read · 12 February 2018
Orion Energy Partners has closed its second credit fund at $816 million, surpassing its $750 million target. The limited partners of Orion Energy Credit Opportunities Fund II include state and corporate pension plans, endowments and foundations, asset managers, family offices and high-net worth individuals. Asante Capital was the placement agent while Latham & Watkins LLP provided legal counsel to Orion Energy.
3 min read · 12 February 2018
