General Motors

BrightDrop will offer software and services to enable fleet customers to track goods and vehicles and also plan shipping routes.

“Liquidity is available for the right borrowers,” says Churchill's Randy Schwimmer, who is the founder and publisher of The Lead Left. Lenders aren’t adventurous with hold levels, but pricing has eased, and leverage is up, he reports.

GI Partners closes first fund to invest in data centers, as the pandemic underlies the importance of data infrastructure. GM takes stake in Nikola to partner on producing electric pickup trucks. PE news from Silver Lake, Apax and Levine Leichtman. Bofa invests in three Black-owned banks.

GM is increasing its exposure to alternate-fuel vehicles, an area that increasingly has captured the attention of investors.

Anti cash-hoarding stipulations, interest-rate floors and mandatory prepayment clauses -- provisions more commonly found in junk-rated transactions or bridge loans -- are creeping into investment-grade financings as demand outstrips how much Wall Street is willing to lend.