Syndicated loan

Northern Trust Fully Automates Complex Syndicated Bank Loan Trade Process

Retrieved on: 
torsdag, januari 30, 2020
Banking, Other Professional Services, Professional services, Finance, Finance, Money, Economy, Markit, Northern Trust, Syndicated loan

Northern Trust (Nasdaq: NTRS) today announced it has automated processing of the full trade settlement lifecycle for syndicated bank loans through integration with IHS Markits ClearPar Custodian Services Messaging capability.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) today announced it has automated processing of the full trade settlement lifecycle for syndicated bank loans through integration with IHS Markits ClearPar Custodian Services Messaging capability.
  • The new solution enables Northern Trust to map critical trade and funding information seamlessly into its proprietary bank loan servicing platform, thereby providing digital access to all parties in a transaction.
  • This integration raises the bar in complex asset processing it is a major advance for Northern Trust and the syndicated loans market and will deliver tangible benefits to our clients.
  • Northern Trust has achieved a unique level of custodian integration with ClearPar, said Patricia Tessier, managing director and co-head of Loan Platforms at IHS Markit.

MedMen Announces Closing of Secured Term Loan Amendment and Equity Placement

Retrieved on: 
tisdag, januari 14, 2020
Tobacco, Retail, Alternative medicine, Health, Finance, Money, Economy, Corporate finance, Structured finance, Equity securities, Options, Warrant, Tranche, Financial law, Syndicated loan

The amendments to the terms and conditions of the October 2018 Loan are consistent with the detail provided in the Companys press release on December 11, 2019.

Key Points: 
  • The amendments to the terms and conditions of the October 2018 Loan are consistent with the detail provided in the Companys press release on December 11, 2019.
  • The new warrants issued to the Term Loan Lenders may be exercised at the election of their holders on a cash-less basis.
  • The Equity Placement, previously announced on December 27, 2019, was funded and closed in tranches, with the final closing occurring on January 13, 2020.
  • 46,962,648 Class B Subordinate Voting Shares were issued in the Equity Placement.

Johnson Controls becomes one of the first industrial companies to tie its line of credit in the U.S. syndicated loan market to sustainability performance

Retrieved on: 
måndag, december 9, 2019
Economy, Finance, Credit, JCI, Johnson Controls, Syndicated loan, Pricing, Revolving credit, Line of credit

CORK, Ireland, Dec. 9, 2019 /PRNewswire/ -- Johnson Controls International plc, (NYSE: JCI), is one of the first industrial companies to tie its senior revolving facilities to specificsustainability metrics in the U.S. syndicated loan market.

Key Points: 
  • CORK, Ireland, Dec. 9, 2019 /PRNewswire/ -- Johnson Controls International plc, (NYSE: JCI), is one of the first industrial companies to tie its senior revolving facilities to specificsustainability metrics in the U.S. syndicated loan market.
  • This precedent setting announcement ties Johnson Controls new five-year senior revolving credit facility and its one-year senior revolving credit facility to a sustainability-linked pricing mechanism.
  • A total of 18 banks have agreed to this sustainability line of credit with Johnson Controls.
  • From optimizing building performance to improving safety and enhancing comfort, we drive the outcomes that matter most.

Old Hill Partners Completes a $10 Million Financing for Funda, a Small-Balance Business Loan Lender in Australia

Retrieved on: 
tisdag, november 26, 2019
Economy, Money, Finance, Loans, Asset-based lending, Syndicated loan

DARIEN, Conn., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Old Hill provided a $10 million senior secured revolving-to-term facility to Funda, an Australian lender focused on providing lines of credit and fully amortizing loans to small-and-medium-sized enterprises.

Key Points: 
  • DARIEN, Conn., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Old Hill provided a $10 million senior secured revolving-to-term facility to Funda, an Australian lender focused on providing lines of credit and fully amortizing loans to small-and-medium-sized enterprises.
  • The facility is secured by a first lien perfected interest in a pool of receivables originated by the borrower.
  • Historically, Old Hill provides asset-based lending solutions for borrowers seeking $5 to $25 million in financing.
  • Old Hill Partners Inc., an SEC-registered investment advisor founded by John Howe, is an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses seeking capital for expansion, acquisitions or growth.

Old Hill Partners Completes a $10 Million Financing for Funda, a Small-Balance Business Loan Lender in Australia

Retrieved on: 
tisdag, november 26, 2019
Economy, Money, Finance, Loans, Asset-based lending, Syndicated loan

DARIEN, Conn., Nov. 26, 2019 (GLOBE NEWSWIRE) -- Old Hill provided a $10 million senior secured revolving-to-term facility to Funda, an Australian lender focused on providing lines of credit and fully amortizing loans to small-and-medium-sized enterprises.

Key Points: 
  • DARIEN, Conn., Nov. 26, 2019 (GLOBE NEWSWIRE) -- Old Hill provided a $10 million senior secured revolving-to-term facility to Funda, an Australian lender focused on providing lines of credit and fully amortizing loans to small-and-medium-sized enterprises.
  • The facility is secured by a first lien perfected interest in a pool of receivables originated by the borrower.
  • Historically, Old Hill provides asset-based lending solutions for borrowers seeking $5 to $25 million in financing.
  • Old Hill Partners Inc., an SEC-registered investment advisor founded by John Howe, is an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses seeking capital for expansion, acquisitions or growth.

Announcement regarding Syndicated Loan Agreement

Retrieved on: 
fredag, november 22, 2019
Money, Economy, Finance, Interest rates, United States housing bubble, Financial law, Banking, Loans, Syndicated loan, Libor, Euribor

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Our Bank has signed a syndicated loan agreement with 367-days maturity in the amount of US$ 229.500.000 and EUR 518.800.000 comprising of two separate tranches.
  • The loan which will be used for general trade finance purposes has been executed with commitments received from 31 banks from 16 countries.
  • The all-in cost has been realized as Libor+2.25% and Euribor+2.10% respectively, whereas the book size was over USD 900 million.

Global Lending Technology Market Expected to Grow by Over 24% During the Forecast Period, 2019-2025 - ResearchAndMarkets.com

Retrieved on: 
onsdag, november 20, 2019
Professional services, Consulting, Economy, Money, Finance, Credit, Loans, Financial law, Syndicated loan, Financial market

The "Lending Technology (LendTech) Market By Organization Size (SMEs, Large Enterprises), By Deployment (On-Premise, Cloud-based), By Type (Syndicated Lending, Commercial Lending, Consumer Lending, Mortgage Lending), and By Geography - Global Forecast up to 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Lending Technology (LendTech) Market By Organization Size (SMEs, Large Enterprises), By Deployment (On-Premise, Cloud-based), By Type (Syndicated Lending, Commercial Lending, Consumer Lending, Mortgage Lending), and By Geography - Global Forecast up to 2025" report has been added to ResearchAndMarkets.com's offering.
  • According to the author, the global LendTech market will grow at a rate of over 24% during the forecast period 2019-2025.
  • According to the LendTech market analysis, North America accounted for the largest share of the global LendTech market in 2018.
  • With the presence of the highest number of technology innovators and increasing adoption of lending technology by the lending corporations to enhance customer's buying experience, this region is expected to dominate the market during the forecast period.

Company Profile for CrowdOut Capital LLC

Retrieved on: 
tisdag, oktober 15, 2019
Professional services, Finance, Economy, Finance, Money, Funds, Investors, Credit, Crowdfunding, Loans, FinMkt, Syndicated loan

CrowdOut Capital is a private-lending syndication platform that offers profitable, middle-market companies a better way to raise capital.

Key Points: 
  • CrowdOut Capital is a private-lending syndication platform that offers profitable, middle-market companies a better way to raise capital.
  • Its tech-enabled marketplace provides a solution for companies seeking non-bank lending while offering family offices, institutional and accredited investors the opportunity to invest in private debt on a deal-by-deal basis.
  • CrowdOut has led more than $225 million in originations since inception.

AllianceBernstein Launches Syndicated Loan and CLO Management Business

Retrieved on: 
tisdag, oktober 15, 2019
Finance, Economy, Money, Loans, AllianceBernstein, AB, Och-Ziff Capital Management, Syndicated loan

NEW YORK, Oct. 15, 2019 /PRNewswire/ -- AllianceBernstein L.P. ("AB"), a leading global investment manager with approximately $592 billion in assets under management, and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) announced today that the firm has established a broadly syndicated loan and CLO management business.

Key Points: 
  • NEW YORK, Oct. 15, 2019 /PRNewswire/ -- AllianceBernstein L.P. ("AB"), a leading global investment manager with approximately $592 billion in assets under management, and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) announced today that the firm has established a broadly syndicated loan and CLO management business.
  • Scott Macklin, who joined AB in April 2019 from Och-Ziff Capital Management, will lead the new effort.
  • In his previous position, Mr. Macklin amassed deep experience as head of research and as a member of the Portfolio Committee for the Och-Ziff's performing credit business, including its CLO management platform.
  • Additionally, the new business will be supported by AB's established CLO execution capabilities associated with the firm's middle market direct lending platform, AB Private Credit Investors.

BancorpSouth Hires Jake Munn to Lead Corporate Commercial and Industrial and Syndications Lending

Retrieved on: 
torsdag, september 19, 2019
Economy, Finance, Credit, Financial law, Loans, Syndicated loan, Bank, Financial market

HOUSTON, Sept. 19, 2019 /PRNewswire/ -- BancorpSouth Bank (NYSE: BXS) announced today that it has hired Jake Munn as president of Corporate Commercial and Industrial (C&I) and Syndications Lending to help the bank diversify its loan portfolio and build out its loan syndications operations.

Key Points: 
  • HOUSTON, Sept. 19, 2019 /PRNewswire/ -- BancorpSouth Bank (NYSE: BXS) announced today that it has hired Jake Munn as president of Corporate Commercial and Industrial (C&I) and Syndications Lending to help the bank diversify its loan portfolio and build out its loan syndications operations.
  • He will primarily be focused on the major markets in Texas and Louisiana, calling on upper middle-market and large corporate borrowers and private equity firms.
  • Munn has commercial and corporate banking experience and has served in various leadership roles at national financial institutions.
  • He is designated as a Certified Treasury Professional and serves on Texas A&M University's Commercial Banking Program Advisory Board.