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Debt Capital Market Update - Q3 2023

TKO Miller

TKO Miller Debt Capital Market Analysis Leverage multiples have pulled back significantly in M&A transactions from their 2021 peaks due to a tightening of the lending environment, Sr. Debt / EBITDA, decreased from 4.0x Debt remains most available in the lower middle market sector. in 2021 to 3.5x

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Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The New York Times: Banking

The Justice companies have long had a reputation for not paying their debts. But that may be catching up to them.

Debt 143
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Proactive Recommendations to Private Equity Sponsors During Debt Ceiling Uncertainty

JD Supra: Mergers

Like most other enterprises that raise and spend capital, the federal government finances its spending in part through the issuance of debt.

Debt 142
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Third Eye Capital exits debt, equity holdings in Cricket Energy

PE Hub

The post Third Eye Capital exits debt, equity holdings in Cricket Energy appeared first on PE Hub. Cricket is an energy services provider operating in the Greater Toronto Area.

Debt 71
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Debt settlement firm ClearOne Advantage snags investment from Comvest

PE Hub

Comvest has been a capital provider to ClearOne since 2017. The post Debt settlement firm ClearOne Advantage snags investment from Comvest appeared first on PE Hub.

Debt 74
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Sector trends - September 2023: Specialty Finance/Marketplace Lending

JD Supra: Mergers

We are seeing - Continued availability of growth capital for specialty lenders—SME lenders attract the most capital in the previous 12 months - VC debt cheques (e.g., Quilam Capital's debt investment in Merchant Money and Fasanara Capital's debt investment in Novicap). By: White & Case LLP

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Credit card company Petal gathers $220m debt financing

PE Hub

This financing includes a $200 million debt facility from Victory Park Capital and a new term loan facility for up to $20 million from Trinity Capital Inc. The post Credit card company Petal gathers $220m debt financing appeared first on PE Hub.

Debt 76