ABF Journal

Pricing convergence, repricing waves and the two-way refinancing flows that are reshaping sponsor decision-making in leveraged finance. The relationship between the broadly syndicated loan market and private credit direct lending has shifted from parallel tracks into something closer to a shared lane.

TMA Leading Edge Series with Quintin Brown: Leveraging Specialists: Navigating Complex Situations

Inhibrx Biosciences, a clinical-stage biopharmaceutical company focused on developing novel biologic therapeutic candidates, entered into the second amendment to its loan and security agreement (LSA) with Oxford Finance, pursuant to which the lenders expanded the facility to an aggregate principal amount of up to $500 million.

Garrington Capital, a senior secured, asset-based lender serving mid-market companies across the United States and Canada, provided a CAD $7 million debtor-in-possession (DIP) financing facility to a Canadian manufacturer of fresh, ready-made meal solutions, as the company undertakes a court-supervised restructuring under the Companies’ Creditors Arrangement Act (CCAA).

Brightwood Capital Advisors, a private credit firm focused on middle-market companies, provided senior secured financing to support Critical Energy Infrastructure Services (CEIS), a portfolio company of White Wolf Capital Group. The deal refinanced CEIS’ existing debt and provided acquisition financing to support the company’s purchase of One Tech Engineering, expanding CEIS’ capabilities and strengthening its position as a provider of critical infrastructure services to the energy industry.

PureSky Energy, a developer, owner and operator of community solar and energy storage projects in the United States, closed a $62 million upsizing of its corporate credit facility arranged by Nomura. The transaction closed concurrently with PureSky’s investment-grade refinancing of operating debt, enabling the repayment of certain legacy holding company indebtedness and further strengthening the company’s balance sheet.

Temple View Capital (TVC), a national private lender focused exclusively on residential real estate investors, formed a strategic partnership with Oaktree through its asset-backed finance strategy.

Provident Bank, a New Jersey-based financial institution, added Anthony Petrazzuoli as senior vice president, deposit and payments operations director. In this role, Petrazzuoli will lead Provident Bank’s deposit and payment operations functions, including deposit account operations, payment processing, item processing, reconciliation, ATM operations and debit card operations.

Lendscape, a global provider of commercial finance technology, appointed Pat Hinchin as chief operating officer. Hinchin brings more than 25 years in fintech and regtech, including experience in risk, regulatory and compliance technology and the modernisation of enterprise software into scalable, API-driven SaaS. He joins from Featurespace, where he was most recently chief product and technology officer, having earlier held senior roles at LexisNexis Risk and Thomson Reuters.

Fieldguide, the AI-native platform transforming advisory and audit services through human-AI collaboration, formed a strategic partnership with Grant Thornton Advisors, a provider of advisory and tax services. As organizations navigate increasing regulatory complexity and the need for more timely insights, the firms are working together to modernize the delivery of key risk and compliance services.