Anastasia Donde
The Canadian investment firm’s credit arm raised $2 billion in three new CLOs in 2014 and is gearing up to launch its eighth.
The $195 million loan will go toward helping private equity firm Thoma Bravo acquire tech company PowerPlan.
The Florida software company will reduce its debt by $420 million and has negotiated a lower interest rate with lenders GSO, KKR and others.
The Greenwich, Connecticut-based asset manager has been venturing into other strategies to diversify away from BDC management.
Unsecured creditors of RadioShack are suggesting that hedge fund lenders to the electronics retailer purposely timed the company’s bankruptcy down to profit on its demise.
The new $20 million commitment increases the firm’s total credit line to $170 million.
The dual-tranche facility tops up the $150 million loan the wood fibre company arranged with GSO in April last year.
Vipul Shah and Michael Novoseller are joining Arrowpoint Partners from New York-based Brightwood Capital.
The lenders paid 94.59 percent of par value for the $250 million 9.25 percent eight-year private placement.
HiTouch Business Services will use the increased credit line for growth and general business purposes.