Akin, an Elite Global Law Firm

August 25, 2026 - 23:39

Dallas - Akin, a global law firm, recently provided legal counsel to Crestline Direct Finance, L.P. in connection with a $50 million senior secured credit facility extended to Kreg Therapeutics LLC and Kreg Medical Inc. The transaction supports the ongoing growth and operational needs of the Kreg companies, which are portfolio holdings in the medical sector.

The credit facilities were structured to provide flexible capital for the borrowers, allowing them to pursue strategic initiatives and manage working capital requirements. Akin's team led the negotiation and documentation of the financing, drawing on the firm's deep experience in complex lending transactions. The deal highlights the firm's continued work with alternative lenders and direct finance providers in the middle market.

The Akin team was led by partner John Doe from the Dallas office, with support from associates Jane Smith and Michael Brown. The team worked closely with Crestline to ensure the terms aligned with the lender's investment objectives while addressing the needs of the borrowers. Financial terms of the agreement were not disclosed beyond the principal amount. The transaction closed successfully, marking another significant engagement for Akin's credit practice in the region.