Bill Brady, head of Paul Hastings’ alternative lender practice, explained to PDI that the strengthening of private credit has brought borrowing and inter-creditor terms both up- and down-market.
1 min read · 20 September 2016
The notes will mature in January 2022, but Ares can redeem the securities early under certain conditions.
1 min read · 20 September 2016
The CPPIB affiliate has provided a $77m facility to support AEA Investors’ purchase of a Texas-based automotive air conditioning parts company.
2 min read · 19 September 2016
The Spanish lender is targeting a €150m final close on its third vehicle and is looking to attract more international commitments to the fund.
2 min read · 19 September 2016
Harvest XVI is the second CLO fund closed by 3i this year, and the first since the Brexit vote. It targets investments in senior secured loans used by private equity sponsors for buyouts.
1 min read · 15 September 2016
The Apollo subsidiary has provided Oak Hill’s BDC a $56.5m facility that will be used, in part, to pay back an existing debt facility due 15 September.
3 min read · 13 September 2016
The independent real estate debt manager has completed 15 deals in 2016, including financing residential real estate projects in Manchester, London and Birmingham.
2 min read · 13 September 2016
The UK-government owned entity aims to unlock £36m of investment into SMEs based in the northwest of England through its backing of Praetura Asset Finance.
2 min read · 13 September 2016
The revelation comes shortly after reports that the Chicago bankruptcy judge overseeing the case suggested the two investment firms should help fund the gaming giant’s restructuring.
2 min read · 12 September 2016
A quarterly report on valuation and investment trends in software as a service companies reveals a decrease in public valuations and consistent funding for private companies in the sector.
2 min read · 12 September 2016
