Fifth Street’s Q2/16 Capital Markets Outlook

April 27th, 2016
Volume Declines Dramatically Totaling just $7.33 billion, sponsored middle market loan volume reached a six-year low in the first quarter — exceptionally weak even when viewed against the traditional seasonal pattern of lighter volume. On the heels of a sluggish year in 2015, we remained cautious in our outlook for the new year; yet, volume dropped more precipitously than expected See original here: Fifth Street’s Q2/16 Capital Markets Outlook

Maranon Capital Supports Riverside Company’s Momentum Group Buy

April 27th, 2016
Maranon Capital was agent for a mezzanine debt investment to support the purchase of Momentum Group by The Riverside Company. Maranon was also a co-investor in the equity for the transaction. Irvine, CA-based Momentum Group provides exclusive, design-focused sustainable textile products for diversified office, hospitality, healthcare and university end markets. Go here to see the original: Maranon Capital Supports Riverside Company’s Momentum Group Buy

Yukon Partners Management Adds Furey as Partner in Boston

April 27th, 2016
Michael Furey has joined Yukon Partners Management ‘s Boston investment team as a partner. Furey will work with founding partners Michael Hall and William Dietz and the firm’s investment professionals in sourcing and evaluating new opportunities and providing operational expertise and counsel to sponsor partners. Before joining Yukon, Furey was a partner at Halyard Capital, a private equity firm that focuses on control and junior capital investments in business services, media and communications companies. Continue reading here: Yukon Partners ...

Radiant Uses BofA/BMO Facility to Retire $25MM Sub-debt

April 26th, 2016
Radiant Logistics , a third party logistics and multi-modal transportation services company, has repaid in full all amounts outstanding, plus accrued and unpaid interest, on the $25 million subordinated secured term loan it obtained in April 2015 in connection with its acquisition of Wheels Group. The subordinated loan was subject to a prohibition on prepayment until April 2016 and, at the time of repayment, accrued interest at 10.5% per annum. Radiant repaid the subordinated loan using cash on hand ...

Citibank, Caixabank Finance Navig8 Tanker Purchase

April 25th, 2016
Navig8 Product Tankers entered into a $130.3 million senior secured credit facility agreement with Citibank and Caixabank to provide post-delivery financing for four 74,000 DWT LR1 product tankers constructed or under construction at STX Offshore & Shipbuilding. Here is the original post: Citibank, Caixabank Finance Navig8 Tanker Purchase

Wellfleet Credit Partners Completes Second CLO Offering

April 25th, 2016
Wellfleet Credit Partners closed a $358.5 million collateralized loan obligation, referred to as Wellfleet CLO 2016-1. Wellfleet CLO 2016-1 represents the second CLO issuance for Wellfleet, the performing credit business of Littlejohn & Co, a private investment firm. Wellfleet’s debut $360 million CLO, Wellfleet CLO 2015-1, closed in September 2015. Read more: Wellfleet Credit Partners Completes Second CLO Offering