Lead arranger

OHA is the Left Lead Arranger of STV’s Private Unitranche Financing

Retrieved on: 
Thursday, March 21, 2024
TPO, Growth, Partnership, STV, OHA, Acquisition, Transport, Investment, STV Group, BMO Capital Markets, Engineering, Lead arranger

New York, New York, March 21, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as the Left Lead Arranger for the private financing of STV Group, Inc. (“STV”), which is partnered with The Pritzker Organization (“TPO”).

Key Points: 
  • New York, New York, March 21, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as the Left Lead Arranger for the private financing of STV Group, Inc. (“STV”), which is partnered with The Pritzker Organization (“TPO”).
  • STV is a leading provider of engineering and consulting services focused on infrastructure and transportation projects across North America.
  • OHA is one the largest holders of the total facility, which is over $500 million in size.
  • OHA’s strong relationship with TPO positioned it to source and engage early with the borrower to structure an optimal financing solution, having recently served as Lead Arranger for the private unitranche refinancing of Mammoth Holdings, also partnered with TPO.

North American Helium Provides Operations and Business Update

Retrieved on: 
Tuesday, March 19, 2024
Technology, Other Energy, Aerospace, Manufacturing, Oil, Gas, Energy, Other Natural Resources, Other Technology, Research, Mining, Minerals, Natural Resources, Science, Other Manufacturing, Semiconductor, Export Development Canada, Growth, Data science, CFO, Cadillac, National Bank of Canada, ATB Financial, RBC, Bureau of Land Management, Royal Bank, Desjardins, ATB, Investment, Helium, Royal Bank of Canada, NAH, National bank, ISO, Marketing, State, Economics, Lead arranger, Natural gas

North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.

Key Points: 
  • North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.
  • Mr. Nicholas Snyder, Chairman and CEO stated, “We are excited to continue increasing our production of reliable and sustainable helium supply in North America.
  • While the most recent global shortage has eased in recent months, the world continues to grapple with major risks to other global sources of helium.
  • The expanded capacity of our credit facility reflects the Company’s success to date and provides ample financial capacity to fund ongoing growth initiatives.”

AvAir Secures Major Expansion with Enhanced Credit Facility

Retrieved on: 
Monday, March 25, 2024
First Citizens BancShares, Oropharyngeal airway, ISO 9001, HSBC Bank USA, ASA, HSBC, HSBC Bank, ISO, Economics, Lead arranger, Airline

CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.

Key Points: 
  • CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
  • This new facility represents a significant leap forward, offering increased availability, more favorable pricing, and improved terms compared to the company's previous credit arrangement.
  • The overwhelming interest from syndicate participants enabled AvAir to increase the facility's size at closing, showcasing a strong vote of confidence in the company's growth trajectory.
  • The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.

AvAir Secures Major Expansion with Enhanced Credit Facility

Retrieved on: 
Monday, March 25, 2024
First Citizens BancShares, Oropharyngeal airway, ISO 9001, HSBC Bank USA, ASA, HSBC, HSBC Bank, ISO, Economics, Lead arranger, Airline

CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.

Key Points: 
  • CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
  • This new facility represents a significant leap forward, offering increased availability, more favorable pricing, and improved terms compared to the company's previous credit arrangement.
  • The overwhelming interest from syndicate participants enabled AvAir to increase the facility's size at closing, showcasing a strong vote of confidence in the company's growth trajectory.
  • The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.

KKR Leads Financing for Clarience Technologies’ Acquisition of Safe Fleet

Retrieved on: 
Friday, February 16, 2024
Professional Services, Finance, Acquisition, Genstar Capital, Transport, KKR, Partner, Lead arranger, Genstar

KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet.

Key Points: 
  • KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet.
  • With the Safe Fleet acquisition, Clarience Technologies adds a comprehensive set of complementary fleet safety solutions including video and evidence management, collision prevention, violation detection and trailer temperature control, as well as cargo storage systems, fire-fighting technologies, and other solutions.
  • KKR’s credit vehicles and accounts have been investors in both Safe Fleet and Clarience since 2018 and 2019, respectively.
  • “We look forward to supporting Clarience, Safe Fleet and Genstar teams as they capitalize on opportunities ahead.”

Golub Capital Marks 30th Anniversary with Record Fundraising, Continued Expansion and Strong Deal Activity in 2023

Retrieved on: 
Tuesday, January 16, 2024
Asset Management, Professional Services, Finance, Warburg Pincus, Virginia Williamson, Health care, Insurance, Genie Music, Restaurant, Hyland Software, Lead arranger, Consumer, Investment, Advent, Acquisition, Lisp (programming language), Baxter International, Capital, TPG, Golub Capital, Tropical Smoothie Cafe

Golub Capital marked the start of its 30th anniversary year and reported key milestones achieved in 2023.

Key Points: 
  • Golub Capital marked the start of its 30th anniversary year and reported key milestones achieved in 2023.
  • Most recently, Golub Capital was named “Lender of the Decade” and “Senior Lender of the Decade”, Americas by Private Debt Investor in 2023.
  • “Golub Capital is purpose-built to be the best in sponsor finance,” said David Golub, President of Golub Capital.
  • Launched Golub Capital Private Credit Fund (“GCRED”), providing private wealth investors with greater access to the Firm’s private credit expertise.

Intersect Power Reaches Commercial Operation of 679 MWp / 1 GWh Oberon Solar + Storage Project in California

Retrieved on: 
Tuesday, November 14, 2023
Other Manufacturing, Environment, Other Energy, Engineering, Utilities, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Constellation, Carbon, Bureau, IBEW, Bureau of Land Management, Recreation, Bank, First Solar, IP, LLP, Kirkland & Ellis, Federation, Winston & Strawn, Multimedia, BLM, IRA, HPS, Solar energy, Inflation, Lead arranger, TRUST, Oberon, NX, Investment banking, Microsoft, Bank of America, Orrick, Herrington & Sutcliffe, CoBank, KeyBank, Intersection, Renewable energy, Security (finance)

Intersect Power, LLC (“Intersect Power” or “Intersect”) today announced the commercial operation of its Oberon Solar + Storage project, located in Riverside County, California.

Key Points: 
  • Intersect Power, LLC (“Intersect Power” or “Intersect”) today announced the commercial operation of its Oberon Solar + Storage project, located in Riverside County, California.
  • The Oberon project generates 679 MWp/500 MWac of reliable solar energy, enough to power over 207,000 homes a year, and features 250 MW/1 GWh of co-located storage.
  • The project was built with First Solar modules from Ohio, NX Horizon smart solar trackers from Nextracker, and American-made structural steel.
  • “The Oberon project is much more than a new source of clean power for California.

OHA is a Lead Arranger for Private Financing for Thoma Bravo's Take-Private of NextGen Healthcare

Retrieved on: 
Thursday, December 7, 2023
Investment, Thoma Bravo, BMO Capital Markets, Lead arranger, Health, Acquisition, Software, NextGen Healthcare, OHA, Financial services

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the acquisition financing to support Thoma Bravo's $1.8 billion take-private of NextGen Healthcare, Inc. ("NextGen Healthcare"), a leading provider of cloud-based healthcare technology solutions to ambulatory providers.

Key Points: 
  • NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the acquisition financing to support Thoma Bravo's $1.8 billion take-private of NextGen Healthcare, Inc. ("NextGen Healthcare"), a leading provider of cloud-based healthcare technology solutions to ambulatory providers.
  • In its investment diligence, OHA leveraged its industry expertise in software and healthcare, which are the firm's largest industry exposures in private credit.
  • The firm has deployed over $12 billion in private credit investments in the two industries since 2002.
  • BMO Capital Markets also participated in the financing as OHA's private credit joint venture partner.

OHA is a Lead Arranger for Mammoth Holdings Refinancing

Retrieved on: 
Wednesday, November 15, 2023
BMO Capital Markets, Growth, Lead arranger, TPO, OHA, BMO, Partnership, Mammoth

NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the refinancing of Mammoth Holdings ("Mammoth"), a portfolio company backed by Red Dog Equity, The Pritzker Organization ("TPO"), and CCMP Growth Advisors.

Key Points: 
  • NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Oak Hill Advisors ("OHA") served as a Lead Arranger for the refinancing of Mammoth Holdings ("Mammoth"), a portfolio company backed by Red Dog Equity, The Pritzker Organization ("TPO"), and CCMP Growth Advisors.
  • Mammoth is one of the largest car wash operating platforms in the United States and maintains a multi-brand portfolio with over one hundred locations across the country.
  • OHA provided the majority of the private financing solution totaling over $500 million in size, including a unitranche term loan, delayed draw term loan and revolving credit facility.
  • "OHA has been following Mammoth for nearly two years with best-in-class industry knowledge, making them a logical choice to support this transaction," said Dave Hoffmann, Chairman and CEO of Mammoth.

More Progress at Globex Mont Sorcier Iron Royalty Project

Retrieved on: 
Monday, October 23, 2023
MLA, Documentation, ECA, Indication (medicine), Geo, Toronto Stock Exchange, GMX, GMR, Vanadium, NPV, Lead arranger, NI, Export credit agency, Iron, Cryptocurrency, Chicago Mercantile Exchange

The appointment of the MLA is a significant milestone for the project financing requirement.

Key Points: 
  • The appointment of the MLA is a significant milestone for the project financing requirement.
  • Globex retains a one percent (1%) Gross Metal Royalty on all iron production from the Mont Sorcier property, currently expected to generate US$235M per annum in free cash flow over a 21-year period and having an NPV of US$1.6B based on Indicated Resources only which represents 25% of the total defined resource leaving room for optimization and expansion potential ( see Cerrado press release of March 7, 2023 ).
  • Separately, Globex owns a large share position in Electric Royalties (ELEC-TSXV) which has a 1% GMR on all vanadium produced from the project.
  • This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.)