Latest news with #creditFacility
Zawya
2 days ago
- Business
- Zawya
Scientific and Medical Equipment renews $76mln credit facility with BSF
Scientific and Medical Equipment House Company has renewed a Shariah-compliant credit facility of 284 million Saudi riyals ($75.70 million) with Banque Saudi Fransi (BSF). The facility will be used to finance ongoing and future projects, issue bank guarantees, and cover letters of credit, the company said in a statement to the Saudi stock exchange. The collateral includes contract proceeds and promissory notes worth SAR 284 million. The facility will mature on April 30, 2026, the statement said. (Editing by Seban Scaria
Associated Press
7 days ago
- Business
- Associated Press
AEA Private Debt Leads First Lien Credit Facility to Support Falfurrias Capital Partners' Refinancing of Training The Street
NEW YORK, May 28, 2025 /PRNewswire/ -- AEA Investors' Private Debt group ('AEA Private Debt'), a leading provider of private credit to the middle market, today announced that it served as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner for a first lien credit facility in support of the refinancing of Training The Street ('TTS' or the 'Company'), a portfolio company of Falfurrias Capital Partners ('FCP'). Headquartered in Charlotte, NC, Training The Street is a leading global provider of accounting, capital markets, financial modeling, and corporate valuation training. The Company's clients include institutions like investment banks, asset managers, private equity firms, consulting firms, and universities, as well as individual learners pursuing careers in finance. With its robust team of expert instructors and deep practical experience, TTS currently serves over 425 corporate clients, 3,500 self-study clients, and 100 universities. 'Training The Street has earned a reputation as a provider of choice with a range of effective, flexible training solutions, enabling the Company to establish an attractive client base that is diversified both by user type and geography,' said Jeff Schmidt, Principal at AEA Private Debt. 'We are thrilled to partner with FCP to support TTS's growth and are pleased to further expand on our relationship.' Reflective of AEA Private Debt's partnership-oriented approach, this financing marks the second transaction the team has completed in support of FCP over the past year. 'AEA has been a terrific partner, and we appreciate their ability to provide a swift, thoughtful financing solution in support of Training The Street,' said Katie-Rose Austin, Vice President at FCP. 'TTS is well positioned for growth and success, and we look forward to our continued collaboration with the AEA Private Debt team.' About AEA Private Debt AEA Private Debt makes senior debt, unitranche, junior debt, and equity co-investments in leading middle market companies across a broad range of industries and end markets. AEA Private Debt's team of experienced professionals partners with private equity firms, family offices, and entrepreneur-backed companies to provide financing solutions in support of leveraged buyouts, recapitalizations, add-on acquisitions, refinancings, and other similar capital needs. Since inception in 2005, AEA Private Debt has invested over $8.5 billion across more than 425 transactions. AEA Private Debt is part of AEA Investors ('AEA'), which was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives, and leaders, many of whom invest with AEA as active individual investors, join its portfolio company boards, or act in other advisory roles. Today, AEA's over 120 investment professionals operate globally with offices in New York, Stamford, Jacksonville, San Francisco, London, Munich, and Shanghai. The firm manages funds that have approximately $18 billion of invested and committed capital including the leveraged buyouts of middle market and small business companies, growth capital, and private debt investments. For more information, visit About Training The Street Training The Street is the world's leading provider of courses in accounting, asset management, capital markets, financial modeling, corporate valuation, and data science training to investment banks, financial institutions, consulting firms, federal government agencies, law firms, business schools, and top colleges. With offices in the financial hubs across the U.S., as well as London and Hong Kong, TTS boasts a deep field of expert instructors and extensive practical experience. Currently, TTS is offering live and virtual training programs to interns and full-time hires at over 425 banks and corporate businesses, including 9 of Wall Street's 10 largest banks. Additionally, TTS leads workshops at more than 100 academic clients, including the top business schools globally. For more information, please visit About Falfurrias Capital Partners Falfurrias Capital Partners is an operationally focused middle-market private equity fund focused on investing in growth companies in the government and business services, food manufacturing, and industrial technology sectors. The team is comprised of investors and proven operators, as well as in-house resources across strategy & market insights, risk & integration, talent, and technology. The fund is managed by Falfurrias Management Partners, a Charlotte-based private equity firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised $3.6 billion across seven funds and invests in growing, middle-market businesses in sectors where the firm's operational resources, relationships, and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. For more information, visit Media Contacts Kaitlin Bilby (212) 845-4307 [email protected] Kate Thompson / Erik Carlson Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449 View original content: SOURCE AEA Investors
Argaam
26-05-2025
- Business
- Argaam
2P renews, increases credit facility with SNB to SAR 73.6M
Perfect Presentation for Commercial Services Co. (2P) renewed and increased a Shariah-compliant credit facility to SAR 73.62 million with Saudi National Bank (SNB), the company said in a filing to Tadawul. The facility, secured today, May 26, will be utilized for awarded projects, as well as the issuance of letters of guarantees, credit, and invoice financing. The deal does not have any related parties, 2P said. The financing, available until May 30, 2026, is secured by promissory notes and covers the total amount, according to the statement.
Zawya
26-05-2025
- Business
- Zawya
Saudi Arabia's Pan Gulf secures $19mln Islamic loan Saudi Awwal Bank
The Saudi Arabia-based Pan Gulf Marketing Company has secured a 70 million Saudi riyal ($18.66 million) Shariah-compliant facility from Saudi Awwal Bank (SAB). The one-year facility will be used to boost its working capital, issue government and non-government guarantees and letters of credit. The facility is guaranteed by a promissory note. In October 2024, the company secured Shariah-compliant credit facilities of SAR 135 million from Banque Saudi Fransi to support its working capital needs. (Editing by Brinda Darasha;
Argaam
22-05-2025
- Business
- Argaam
2P renews SAR 265M credit facility deal with Al Rajhi Bank
Logo of Perfect Presentation for Commercial Services Co. (2P) Perfect Presentation for Commercial Services Co. (2P) renewed today, May 22, a Shariah-compliant credit facility deal worth SAR 265 million with Al Rajhi Bank. In a statement to Tadawul, the company said the one-year financing is covered by a promissory note. The facility will be used to fund new project contracts and support issuing letters of credit and guarantees, the statement added, indicating that no related parties are included in the deal.
