Funding News

DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces it has raised US$1.0 billion in a new unsecured dual tranche bank facility (the ‘Facility’) with a syndicate of six banks in the Middle East. The facility will contain a conventional and an Islamic tranche, with a four-year tenor. The transaction builds on the US$750 million credit facility Avolon raised in June 2024, which had significant Middle East bank participation, and establi...

ARLINGTON, Va.--(BUSINESS WIRE)--Venture Global announced its CP2 project has secured commitments for a $3.0 billion bank loan facility to be located in Cameron Parish, Louisiana....

DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) (“Dole” or the “Company”) announced today that it has successfully refinanced its corporate credit facilities. The transaction will extend the maturity of outstanding debt at favorable interest rates. The new credit facilities consist of a $600 million multicurrency five-year Revolving Credit Facility (“RCF”), a $250 million five-year Term Loan A (“TLA”) and a $350 million seven-year Farm Credit term loan. These new credit facilities replace an exi...

NEW YORK--(BUSINESS WIRE)--Yad Vashem USA Foundation is pleased to announce a generous pledge of $300,000 from the Laterman Family Foundation’s (LFF) AddressHate Initiative to support Digital Echoes, a new initiative of Yad Vashem, the World Holocaust Remembrance Center. This program aims to harness digital technologies and social media to bring Holocaust history and survivor testimonies to life for a younger generation, ensuring that the memories of those who perished and the stories of those...

DES MOINES, Iowa--(BUSINESS WIRE)--Curql, a collective of credit unions jointly investing in fintech, proudly announced today that Curql Fund II has surpassed $300 million in capital raised from 83 progressive credit unions across the nation. With the fund set to close at the end of July, credit unions now face their final opportunity to participate in a movement that’s reshaping the financial services landscape — led by credit unions, for credit unions. Curql Fund I brought 64 credit unions to...

LOS ANGELES--(BUSINESS WIRE)--True Classic, the apparel brand transforming everyday basics into better-fitting, better-feeling essentials, announced today a growth investment from 1686 Partners, the Luxembourg-based firm known for backing purpose-driven lifestyle brands. The investment marks the company’s first institutional funding round. This milestone positions True Classic to accelerate its evolution from a breakout menswear success into a global, omnichannel brand serving the entire family...

LOS ANGELES--(BUSINESS WIRE)--Lincoln Property Company (“Lincoln”), a global full-service real estate firm, announced a strategic investment in Unire Real Estate Group (“Unire”), a third-party commercial real estate property management and asset services firm based in Brea, California. This investment adds 60 million square feet of industrial and office space across more than 300 assets with 700 tenants to Lincoln’s property management portfolio, making it the largest property manager in Southe...

WOBURN, Mass.--(BUSINESS WIRE)--Phoenix Tailings' second close of the Series B round, totalling $76 million, to scale U.S. rare earth metal production....

TUSTIN, Calif.--(BUSINESS WIRE)--Wingspire Equipment Finance announced today that it has closed on a $350 million credit facility to expand its financing capabilities for middle market and sponsor-backed companies. The new warehouse line was provided to a wholly-owned subsidiary of Wingspire Equipment Finance, with Bank of America, N.A. and Wells Fargo, N.A. as lenders. Bank of America, N.A. serves as the structuring and administrative agent. “We are pleased to expand our lending capacity with...

CHICAGO--(BUSINESS WIRE)--The Brown House Experience received a $5,000 grant from the SBB Research Group Foundation, which awards monthly grants to support impactful organizations. The Brown House Experience, based in Chicago, IL, is committed to fostering the positive development of youth through hands-on experiences in the arts, mental and physical wellness, skilled trades, and entrepreneurship. By providing enriching opportunities, the organization empowers young individuals to achieve acade...