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Chatham Financial company logo
Corporation
FINANCIAL | Asset/Financial Management
chathamfinancial.com

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Partners & Customers

1

About Chatham Financial

Chatham Financial provides interest rate and foreign exchange risk management services. The Company offers hedging strategy development, derivatives documentation, transaction execution, hedge accounting, and derivatives valuation solutions.

Chatham Financial Headquarter Location

235 Whitehorse Lane

Kennett Square, Pennsylvania, 19348,

United States

610-925-3120

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Latest Chatham Financial News

08:00 ET Needham Bank Closes $25mm Loan to Wind Energy Project

Dec 21, 2021

Wind Power Project will Produce 20 megawatts. Loan tied to new SOFR index News provided by Share this article Share this article NEEDHAM, Mass., Dec. 21, 2021 /PRNewswire/ -- Needham Bank , which for more than a century has served as New England's "Builder's Bank,"  is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine. The loan is based on the new CME Term SOFR (Secured Overnight Financing Rate), which will replace the current LIBOR standard, and includes a customized hedge to insulate the borrower from interest rate fluctuations. The debt facility also includes a customized repayment structure that will shadow the specific revenue generation of the project. "As volatility erupted in the market based on Omicron fears, we knew it was in SWEB's interest to close this loan immediately. And we're thrilled we were able to adopt the new SOFR standard before its formal adoption on January 1 by financial services firms," said James Daley, SVP Director of Structured Finance. "We structured this loan with a payment schedule predicated on the sale of generated energy, and worked with Chatham's Financial Institutions team to build in a customized hedge that will protect SWEB from rising interest rates." The project, when complete, will include five wind turbines in Clifton, ME that will produce 20 megawatts of clean energy, and will complement a nearby SWEB wind farm already in operation. "Needham Bank was one of our first clients to embrace CME Term SOFR as a replacement for 1-month LIBOR," said Matt Tevis, Managing Partner and head of Chatham's Global Financial Institutions Team. "Chatham's SwapDesk worked closely with James Daley to structure and deliver a tailor-made hedging solution that focused on the custom cashflows and long-term financing needs of the deal, while also achieving the bank's and the borrower's interest rate risk management objectives." Daley was hired at Needham Bank to run its Structured Finance team, which complements the bank's commercial lending practices. The Structured Finance team focuses on transactions that require $10 million or more in senior secured debt facilities. The Structured Finance team also gives Needham Bank a platform to engage in larger non-real estate transactions through syndications and participation lending with other commercial banking institutions. Daley has executed similarly structured loans over the course of his career. "Loans like this can help expand the clean energy market in New England by meeting customers' needs and understanding their businesses and growth plans," said Daley. "I'm proud that Needham Bank is committed to the clean energy sector with innovative financing that continues a 130-year history of meeting builders' needs. "  Through this new division Needham Bank partners with company owners, senior management teams, private equity sponsors and other corporate finance professionals to provide businesses with the right corporate debt solutions that meet their needs. Financing structures support growth and expansion, working capital needs, acquisition plans, new projects and even leverage-backed buyouts. About Needham Bank Needham Bank offers an array of tech-forward products and services that businesses and consumers need to manage their financial needs. In addition to growth capital, lines of credit and other senior debt instruments available through the Structured Finance team, Needham Bank offers business clients concierge banking services, including deposits, cash management, credit cards, and merchant services. We have the financial expertise typically found at much larger institutions, and the local knowledge and commitment you can only find at a community bank. Known as the "Builder's Bank," we have been helping businesses build for their futures since 1892. To learn more about Needham Bank's Structured Finance and other services, visit www.NeedhamBank.com . Needham Bank is a member of FDIC and DIF. About Chatham Financial Chatham Financial is the largest independent financial risk management advisory and technology firm. A leader in debt and derivative solutions, Chatham provides clients with access to in-depth knowledge, innovative tools, and an incomparable team of over 600 employees to help mitigate risks associated with interest rate, foreign currency, and commodity exposures. Founded in 1991, Chatham serves more than 3,000 companies across a wide range of industries — handling over $750 billion in transaction volume annually and helping businesses maximize their value in the capital markets, every day. To learn more, visit www.chathamfinancial.com . SOURCE Needham Bank

Chatham Financial Acquisitions

1 Acquisition

Chatham Financial acquired 1 company. Their latest acquisition was JCRA on November 13, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/13/2019

$99M

Acquired

1

Date

11/13/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Chatham Financial Partners & Customers

1 Partners and customers

Chatham Financial has 1 strategic partners and customers. Chatham Financial recently partnered with Inland Bank on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/17/2021

Partner

Inland Bank

United States

Inland Bank and Trust Partners with Leading Global Advisory Firm Chatham Financial

OAK BROOK , Ill. -- -- Inland Bank and Trust recently partnered with leading global advisory and technology firm Chatham Financial .

4

Date

6/17/2021

Type

Partner

Business Partner

Inland Bank

Country

United States

News Snippet

Inland Bank and Trust Partners with Leading Global Advisory Firm Chatham Financial

OAK BROOK , Ill. -- -- Inland Bank and Trust recently partnered with leading global advisory and technology firm Chatham Financial .

Sources

4

Chatham Financial Team

1 Team Member

Chatham Financial has 1 team member, including former Founder, President, Senior Vice President, Art Avedisian.

Name

Work History

Title

Status

Art Avedisian

Founder, President, Senior Vice President

Former

Name

Art Avedisian

Work History

Title

Founder, President, Senior Vice President

Status

Former

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