The Credit Bubble with Derek R. Brunelle
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L.O.T.W. #131 - Myriad Genetics exits the bank syndicated loan market in pursuit of a larger private credit solution
$115.0 million syndicated ABL facility retired by a new $200 million term facility; ABL facility advanced 85% on eligible A/R plus up to $20 million of…
Aug 11
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Derek R Brunelle
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The Credit Bubble with Derek R. Brunelle
L.O.T.W. #131 - Myriad Genetics exits the bank syndicated loan market in pursuit of a larger private credit solution
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L.O.T.W. #130 - Upland Software takes the high ground with new direct lending commitment from Sound Point Capital
Commitment refinances existing bank deal and includes a $240.0 million term loan and a $30.0 million revolver
Aug 1
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Derek R Brunelle
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The Credit Bubble with Derek R. Brunelle
L.O.T.W. #130 - Upland Software takes the high ground with new direct lending commitment from Sound Point Capital
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July 2025
L.O.T.W. #129 - Kodiak Robotics leverages debt capital to build autonomous transportation solutions
S-4 - "de-SPAC" filing reveals venture loan financing from Horizon Technology Corporation
Jul 25
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Derek R Brunelle
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The Credit Bubble with Derek R. Brunelle
L.O.T.W. #129 - Kodiak Robotics leverages debt capital to build autonomous transportation solutions
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L.O.T.W. #128 - Carlsmed, Inc. obtains custom credit facility to support continued advances in precision spine care
S-1 sheds light on Carlsmed's $12.5 million structured term loan from Customer's Bank (f/k/a Signature Bank)
Jul 17
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Derek R Brunelle
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L.O.T.W. #128 - Carlsmed, Inc. obtains custom credit facility to support continued advances in precision spine care
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L.O.T.W. #127 - Dyne Therapeutics - taps credit market to augment recent equity capital raise
Dyne secures $275 million structured term loan from Hercules Capital
Jul 8
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Derek R Brunelle
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L.O.T.W. #127 - Dyne Therapeutics - taps credit market to augment recent equity capital raise
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June 2025
L.O.T.W. #126 - Veradigm Inc.- secures new term loans to bolster liquidity
Fully funded term loan and delayed draw term loan provided by funds managed by Francisco Partners
Jun 30
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Derek R Brunelle
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L.O.T.W. #126 - Veradigm Inc.- secures new term loans to bolster liquidity
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L.O.T.W. #125 - Katapult Holdings - upsizes revolving line to support continued lease to own (LTO) business growth
ABL revolver and convertible term loan provided by certain entities affiliated with Blue Owl Capital Inc.
Jun 25
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Derek R Brunelle
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L.O.T.W. #125 - Katapult Holdings - upsizes revolving line to support continued lease to own (LTO) business growth
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L.O.T.W. #124 - Coastalsouth Bancshares - upsizes revolving loan to bolster short term liquidity
Correspondent bank revolving line of credit provided by ServisFirst Bank
Jun 16
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Derek R Brunelle
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The Credit Bubble with Derek R. Brunelle
L.O.T.W. #124 - Coastalsouth Bancshares - upsizes revolving loan to bolster short term liquidity
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L.O.T.W. #123 - Vera Therapeutics - meeting again with Oxford Finance to upsize existing credit facility
Structured credit provided by Oxford Finance
Jun 10
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Derek R Brunelle
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L.O.T.W. #123 - Vera Therapeutics - meeting again with Oxford Finance to upsize existing credit facility
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L.O.T.W. #122 - Voyager Technologies - S-1 filing reveals detail of structured credit facility
$58.0 million single tranche structured term loan refinances existing credit facility and bolsters balance sheet alongside Series C
Jun 2
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Derek R Brunelle
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The Credit Bubble with Derek R. Brunelle
L.O.T.W. #122 - Voyager Technologies - S-1 filing reveals detail of structured credit facility
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May 2025
L.O.T.W. #121 - Celcuity, Inc. - Restructures and upsizes existing credit facility ahead of Ph. 3 clinical trial
$180.0 million multi-tranche structured term loan facility provided by Innovatus Life Sciences and Oxford Finance
May 27
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Derek R Brunelle
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The Credit Bubble with Derek R. Brunelle
L.O.T.W. #121 - Celcuity, Inc. - Restructures and upsizes existing credit facility ahead of Ph. 3 clinical trial
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L.O.T.W. #120 - Marinus Pharmaceuticals - Monetizes future revenue stream through revenue interest financing agreement
$32.5 million revenue interest financing agreement provided by Sagard Healthcare Partners
May 19
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Derek R Brunelle
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The Credit Bubble with Derek R. Brunelle
L.O.T.W. #120 - Marinus Pharmaceuticals - Monetizes future revenue stream through revenue interest financing agreement
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