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  • EricSchloemer Restaurant Rebound Tests the Limits of U.S. Food Distributors
    Foodservice distributors generally adapted well to the massive disruptions triggered by the pandemic, but the sector is feeling the strain of the latest shift—the rapid return of tens of millions of Americans to in-person dining.
  • Encina Business Credit Announces Recapitalization and Expanded Capital Base To be Renamed Eclipse Business Capital
    Encina Business Credit, LLC (“Encina”), a leading non-bank asset-based lender for both privately owned and publicly traded companies, today announced a recapitalization and a significantly expanded capital base provided by Barings LLC affiliated funds along with participation by Encina management.  This recapitalization provides liquidity necessary for Encina to expand its platform and footprint as a leading working capital provider in North America. 
  • Siena Lending Group Announces Credit Facility Increase to $400MM

    Siena Lending Group LLC ("Siena"), a leading independent asset-based lending company, today announced it has increased its senior credit facility with Wells Fargo Capital Finance to $400 million. This upsize will enable Siena to continue its growth following the firm’s historic results in the second quarter of 2021, when it closed more than $220 million in credit facilities for middle-market businesses across the country.

  • Newtek Business Services Corp. Signs Agreement to Acquire National Bank of New York City
    Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it entered into an agreement to acquire National Bank of New York City (“NBNYC” or the “Bank”), a nationally chartered bank with approximately $204 million in total assets and $36.5 million in tier 1 capital (each as of June 30, 2021; does not reflect the impact of pre-closing dividends to selling NBNYC shareholders) for $20 million in cash (the “Acquisition”). 
  • Oxford Finance Closes $28 Million Credit Facility with AvantGarde Senior Living
    Aug 2, 2021
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (“AvantGarde” or “the Company”), A Luxurious Senior Living Community™. The funds are being used to refinance existing debt on one facility located in Tarzana, California.
  • Cambridge Savings Bank Expands Credit Facility to Purity Services
    Jul 29, 2021
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team has added on to an existing credit facility extended to Purity Services, Inc., a full-service healthcare linen rental and commercial laundering company based in New Bedford, Massachusetts. In July 2020, CSB committed $4,350,000, and has closed an additional $6,500,000 with the full financing package totaling $10,850,000.
  • CIT Serves as Lead Arranger of $100 Million Financing for Cornerstone Healthcare Group
    Jul 29, 2021

    CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as lead arranger of $100 million in financing for Cornerstone Healthcare Group Holdings Inc. and their long-term acute care hospital division.

    Based in Dallas and founded in 1990, Cornerstone Healthcare Group is a diversified healthcare company that manages a network of specialty hospitals, senior living communities, behavioral health facilities, and home health and hospice operations.

  • Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
    Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • Eileen Wubbe 150x150 SFNet to Host YoPro Leadership Summit In Person and Live Online August 3-4
    Jul 26, 2021

    SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.

    After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways.  On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening. 

    Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.

    "The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."

  • U. S. Steel Adds Sustainability Performance Targets to Credit Facilities to Support Best for All℠ Strategy
    Jul 26, 2021

    United States Steel Corporation (NYSE: X) (“U. S. Steel” or “company”) today announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. This is part of the ongoing execution of the company’s Best for All℠ strategy of creating profitable solutions for sustainable steelmaking.

    J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in the U. S. Steel Sustainability-linked ABL. Goldman Sachs Bank NA and ING Capital LLC acted as Joint Sustainability Structuring Agents in the BRS Sustainability-linked ABL.

  • DavidWisen_WingspireCapital_Headshot Get to Know David Wisen, CEO and co-founder of Wingspire Capital
    Jul 26, 2021
    David Wisen is the CEO and co-founder of Wingspire Capital, a diversified senior secured finance company focused on originating asset-based and specialty finance loans to middle market businesses in the U.S. Transaction sizes range from $20 million to $200 million, and proceeds are used to finance growth, M&A, dividend recapitalizations, restructurings, and turnarounds. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). Here, Wisen discusses Wingspire’s first two years, leading through COVID, new talent coming on board, its relationship with Blue Owl Capital and plans for the next several years.
  • Unifrax Obtains Committed Debt Financing from J.P. Morgan Led Consortium to Support Clearlake Capital-Backed Acquisition of Lydall, Inc.
    As previously announced, Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. ("Clearlake"), signed definitive agreements to acquire Lydall, Inc. (NYSE: LDL, "Lydall" or the "Company"), a leader in the design and production of specialty filtration materials and advanced material solutions.
  • White Oak Commercial Finance Expands Retail Finance Offering to Meet Growing Demand

    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industry’s increased investment in ecommerce.

    The White Oak teams driving the effort span the U.S. and include this newly formed group led by Bill Kearney, as well as senior regional executives Martin Efron, Charles Sharf, and Gino Clark.

  • GemCap Partners With VION Investments in Low- and Middle-Market Commercial Funding
    Jul 20, 2021

    GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets. This partnership combines our shared expertise with incremental capital to create a new source of funding for markets historically underserved by traditional lenders.

  • Oxford Financial Group, Ltd. Announces Formation and Funding of Mayfair Capital Partners (MCP)
    Oxford Financial Group, Ltd. has announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500 million of initial AUM to support MCP’s expected investment pace of one to two deals per year with an equity ticket size of $50 – 125 million per transaction; Oxford has earmarked $300 million of incremental capital. Oxford’s sophisticated multi-family office structure allows MCP to create long-term value by focusing on alignment of goals and incentives. 
  • Air Canada Announces Launch of Syndication of New Credit Facilities
    Air Canada (TSX: AC) (the "Company") today announced that it has launched the syndication of a new senior secured term loan B expected to mature in 2028 (the "Term Loan"), and completed the syndication in respect of a new senior secured revolving facility expected to mature in 2025 (the "Revolving Facility", together with the Term Loan, the "Senior Secured Credit Facilities"). 


    JPMorgan Chase Bank, N.A., Citi and TD Securities are acting as lead arrangers and active bookrunners for the Senior Secured Credit Facilities.

     
  • Juanita Schwartzkopf - Headshot150x150 How do you effectively analyze Q1 and Q2 2021 financial performance?
    Analyzing Q1 and Q2 financial performance is challenging.  2020 was impacted by Covid-19 both positively, through the stimulus programs, and negatively, as a result of shut downs and stay at home orders along with their trickle down impacts.  2021 financial performance analysis is further complicated by the emerging trends of labor related issues, inflation impacts, commodity prices changes, and supply chain concerns. 
  • Gerber Finance Opens Ontario Office, Industry Veteran Karim Habib to Lead Canadian Expansion
    Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, today announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its signature customized asset-based lending solutions to consumer packaged goods companies.
  • FGI Appoints Ronnie Bloom to Expand its Canadian Presence
    FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground approach.
  • Trends in E-commerce During and Post-Pandemic

    The COVID-19 pandemic caused ecommerce to transition from “convenient” to “essential,” but what does the post-pandemic world hold for this sector?

  • EricSchloemer Restaurant Rebound Tests the Limits of U.S. Food Distributors
    Foodservice distributors generally adapted well to the massive disruptions triggered by the pandemic, but the sector is feeling the strain of the latest shift—the rapid return of tens of millions of Americans to in-person dining.
  • Encina Business Credit Announces Recapitalization and Expanded Capital Base To be Renamed Eclipse Business Capital
    Encina Business Credit, LLC (“Encina”), a leading non-bank asset-based lender for both privately owned and publicly traded companies, today announced a recapitalization and a significantly expanded capital base provided by Barings LLC affiliated funds along with participation by Encina management.  This recapitalization provides liquidity necessary for Encina to expand its platform and footprint as a leading working capital provider in North America. 
  • Siena Lending Group Announces Credit Facility Increase to $400MM

    Siena Lending Group LLC ("Siena"), a leading independent asset-based lending company, today announced it has increased its senior credit facility with Wells Fargo Capital Finance to $400 million. This upsize will enable Siena to continue its growth following the firm’s historic results in the second quarter of 2021, when it closed more than $220 million in credit facilities for middle-market businesses across the country.

  • Newtek Business Services Corp. Signs Agreement to Acquire National Bank of New York City
    Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it entered into an agreement to acquire National Bank of New York City (“NBNYC” or the “Bank”), a nationally chartered bank with approximately $204 million in total assets and $36.5 million in tier 1 capital (each as of June 30, 2021; does not reflect the impact of pre-closing dividends to selling NBNYC shareholders) for $20 million in cash (the “Acquisition”). 
  • Oxford Finance Closes $28 Million Credit Facility with AvantGarde Senior Living
    Aug 2, 2021
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (“AvantGarde” or “the Company”), A Luxurious Senior Living Community™. The funds are being used to refinance existing debt on one facility located in Tarzana, California.
  • Cambridge Savings Bank Expands Credit Facility to Purity Services
    Jul 29, 2021
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team has added on to an existing credit facility extended to Purity Services, Inc., a full-service healthcare linen rental and commercial laundering company based in New Bedford, Massachusetts. In July 2020, CSB committed $4,350,000, and has closed an additional $6,500,000 with the full financing package totaling $10,850,000.
  • CIT Serves as Lead Arranger of $100 Million Financing for Cornerstone Healthcare Group
    Jul 29, 2021

    CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as lead arranger of $100 million in financing for Cornerstone Healthcare Group Holdings Inc. and their long-term acute care hospital division.

    Based in Dallas and founded in 1990, Cornerstone Healthcare Group is a diversified healthcare company that manages a network of specialty hospitals, senior living communities, behavioral health facilities, and home health and hospice operations.

  • Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
    Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • Eileen Wubbe 150x150 SFNet to Host YoPro Leadership Summit In Person and Live Online August 3-4
    Jul 26, 2021

    SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.

    After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways.  On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening. 

    Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.

    "The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."

  • U. S. Steel Adds Sustainability Performance Targets to Credit Facilities to Support Best for All℠ Strategy
    Jul 26, 2021

    United States Steel Corporation (NYSE: X) (“U. S. Steel” or “company”) today announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. This is part of the ongoing execution of the company’s Best for All℠ strategy of creating profitable solutions for sustainable steelmaking.

    J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in the U. S. Steel Sustainability-linked ABL. Goldman Sachs Bank NA and ING Capital LLC acted as Joint Sustainability Structuring Agents in the BRS Sustainability-linked ABL.

  • DavidWisen_WingspireCapital_Headshot Get to Know David Wisen, CEO and co-founder of Wingspire Capital
    Jul 26, 2021
    David Wisen is the CEO and co-founder of Wingspire Capital, a diversified senior secured finance company focused on originating asset-based and specialty finance loans to middle market businesses in the U.S. Transaction sizes range from $20 million to $200 million, and proceeds are used to finance growth, M&A, dividend recapitalizations, restructurings, and turnarounds. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). Here, Wisen discusses Wingspire’s first two years, leading through COVID, new talent coming on board, its relationship with Blue Owl Capital and plans for the next several years.
  • Unifrax Obtains Committed Debt Financing from J.P. Morgan Led Consortium to Support Clearlake Capital-Backed Acquisition of Lydall, Inc.
    As previously announced, Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. ("Clearlake"), signed definitive agreements to acquire Lydall, Inc. (NYSE: LDL, "Lydall" or the "Company"), a leader in the design and production of specialty filtration materials and advanced material solutions.
  • White Oak Commercial Finance Expands Retail Finance Offering to Meet Growing Demand

    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industry’s increased investment in ecommerce.

    The White Oak teams driving the effort span the U.S. and include this newly formed group led by Bill Kearney, as well as senior regional executives Martin Efron, Charles Sharf, and Gino Clark.

  • GemCap Partners With VION Investments in Low- and Middle-Market Commercial Funding
    Jul 20, 2021

    GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets. This partnership combines our shared expertise with incremental capital to create a new source of funding for markets historically underserved by traditional lenders.

  • Oxford Financial Group, Ltd. Announces Formation and Funding of Mayfair Capital Partners (MCP)
    Oxford Financial Group, Ltd. has announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500 million of initial AUM to support MCP’s expected investment pace of one to two deals per year with an equity ticket size of $50 – 125 million per transaction; Oxford has earmarked $300 million of incremental capital. Oxford’s sophisticated multi-family office structure allows MCP to create long-term value by focusing on alignment of goals and incentives. 
  • Air Canada Announces Launch of Syndication of New Credit Facilities
    Air Canada (TSX: AC) (the "Company") today announced that it has launched the syndication of a new senior secured term loan B expected to mature in 2028 (the "Term Loan"), and completed the syndication in respect of a new senior secured revolving facility expected to mature in 2025 (the "Revolving Facility", together with the Term Loan, the "Senior Secured Credit Facilities"). 


    JPMorgan Chase Bank, N.A., Citi and TD Securities are acting as lead arrangers and active bookrunners for the Senior Secured Credit Facilities.

     
  • Juanita Schwartzkopf - Headshot150x150 How do you effectively analyze Q1 and Q2 2021 financial performance?
    Analyzing Q1 and Q2 financial performance is challenging.  2020 was impacted by Covid-19 both positively, through the stimulus programs, and negatively, as a result of shut downs and stay at home orders along with their trickle down impacts.  2021 financial performance analysis is further complicated by the emerging trends of labor related issues, inflation impacts, commodity prices changes, and supply chain concerns. 
  • Gerber Finance Opens Ontario Office, Industry Veteran Karim Habib to Lead Canadian Expansion
    Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, today announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its signature customized asset-based lending solutions to consumer packaged goods companies.
  • FGI Appoints Ronnie Bloom to Expand its Canadian Presence
    FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground approach.
  • Trends in E-commerce During and Post-Pandemic

    The COVID-19 pandemic caused ecommerce to transition from “convenient” to “essential,” but what does the post-pandemic world hold for this sector?

  • EricSchloemer Restaurant Rebound Tests the Limits of U.S. Food Distributors
    Foodservice distributors generally adapted well to the massive disruptions triggered by the pandemic, but the sector is feeling the strain of the latest shift—the rapid return of tens of millions of Americans to in-person dining.
  • Encina Business Credit Announces Recapitalization and Expanded Capital Base To be Renamed Eclipse Business Capital
    Encina Business Credit, LLC (“Encina”), a leading non-bank asset-based lender for both privately owned and publicly traded companies, today announced a recapitalization and a significantly expanded capital base provided by Barings LLC affiliated funds along with participation by Encina management.  This recapitalization provides liquidity necessary for Encina to expand its platform and footprint as a leading working capital provider in North America. 
  • Siena Lending Group Announces Credit Facility Increase to $400MM

    Siena Lending Group LLC ("Siena"), a leading independent asset-based lending company, today announced it has increased its senior credit facility with Wells Fargo Capital Finance to $400 million. This upsize will enable Siena to continue its growth following the firm’s historic results in the second quarter of 2021, when it closed more than $220 million in credit facilities for middle-market businesses across the country.

  • Newtek Business Services Corp. Signs Agreement to Acquire National Bank of New York City
    Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it entered into an agreement to acquire National Bank of New York City (“NBNYC” or the “Bank”), a nationally chartered bank with approximately $204 million in total assets and $36.5 million in tier 1 capital (each as of June 30, 2021; does not reflect the impact of pre-closing dividends to selling NBNYC shareholders) for $20 million in cash (the “Acquisition”). 
  • Oxford Finance Closes $28 Million Credit Facility with AvantGarde Senior Living
    Aug 2, 2021
    Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (“AvantGarde” or “the Company”), A Luxurious Senior Living Community™. The funds are being used to refinance existing debt on one facility located in Tarzana, California.
  • Cambridge Savings Bank Expands Credit Facility to Purity Services
    Jul 29, 2021
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team has added on to an existing credit facility extended to Purity Services, Inc., a full-service healthcare linen rental and commercial laundering company based in New Bedford, Massachusetts. In July 2020, CSB committed $4,350,000, and has closed an additional $6,500,000 with the full financing package totaling $10,850,000.
  • CIT Serves as Lead Arranger of $100 Million Financing for Cornerstone Healthcare Group
    Jul 29, 2021

    CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as lead arranger of $100 million in financing for Cornerstone Healthcare Group Holdings Inc. and their long-term acute care hospital division.

    Based in Dallas and founded in 1990, Cornerstone Healthcare Group is a diversified healthcare company that manages a network of specialty hospitals, senior living communities, behavioral health facilities, and home health and hospice operations.

  • Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
    Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • Eileen Wubbe 150x150 SFNet to Host YoPro Leadership Summit In Person and Live Online August 3-4
    Jul 26, 2021

    SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.

    After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways.  On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening. 

    Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.

    "The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."

  • U. S. Steel Adds Sustainability Performance Targets to Credit Facilities to Support Best for All℠ Strategy
    Jul 26, 2021

    United States Steel Corporation (NYSE: X) (“U. S. Steel” or “company”) today announced changes to two asset-based credit facilities that reward performance for meeting sustainability targets. This is part of the ongoing execution of the company’s Best for All℠ strategy of creating profitable solutions for sustainable steelmaking.

    J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in the U. S. Steel Sustainability-linked ABL. Goldman Sachs Bank NA and ING Capital LLC acted as Joint Sustainability Structuring Agents in the BRS Sustainability-linked ABL.

  • DavidWisen_WingspireCapital_Headshot Get to Know David Wisen, CEO and co-founder of Wingspire Capital
    Jul 26, 2021
    David Wisen is the CEO and co-founder of Wingspire Capital, a diversified senior secured finance company focused on originating asset-based and specialty finance loans to middle market businesses in the U.S. Transaction sizes range from $20 million to $200 million, and proceeds are used to finance growth, M&A, dividend recapitalizations, restructurings, and turnarounds. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). Here, Wisen discusses Wingspire’s first two years, leading through COVID, new talent coming on board, its relationship with Blue Owl Capital and plans for the next several years.
  • Unifrax Obtains Committed Debt Financing from J.P. Morgan Led Consortium to Support Clearlake Capital-Backed Acquisition of Lydall, Inc.
    As previously announced, Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. ("Clearlake"), signed definitive agreements to acquire Lydall, Inc. (NYSE: LDL, "Lydall" or the "Company"), a leader in the design and production of specialty filtration materials and advanced material solutions.
  • White Oak Commercial Finance Expands Retail Finance Offering to Meet Growing Demand

    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industry’s increased investment in ecommerce.

    The White Oak teams driving the effort span the U.S. and include this newly formed group led by Bill Kearney, as well as senior regional executives Martin Efron, Charles Sharf, and Gino Clark.

  • GemCap Partners With VION Investments in Low- and Middle-Market Commercial Funding
    Jul 20, 2021

    GemCap is pleased to announce the receipt of investment capital from VION Investments, an Atlanta based provider of funding to companies managing receivable assets. This partnership combines our shared expertise with incremental capital to create a new source of funding for markets historically underserved by traditional lenders.

  • Oxford Financial Group, Ltd. Announces Formation and Funding of Mayfair Capital Partners (MCP)
    Oxford Financial Group, Ltd. has announced the formation and funding of Mayfair Capital Partners (MCP), an in-house private equity investment team based in Carmel, Indiana and Minneapolis, Minnesota. The division has been seeded with approximately $500 million of initial AUM to support MCP’s expected investment pace of one to two deals per year with an equity ticket size of $50 – 125 million per transaction; Oxford has earmarked $300 million of incremental capital. Oxford’s sophisticated multi-family office structure allows MCP to create long-term value by focusing on alignment of goals and incentives. 
  • Air Canada Announces Launch of Syndication of New Credit Facilities
    Air Canada (TSX: AC) (the "Company") today announced that it has launched the syndication of a new senior secured term loan B expected to mature in 2028 (the "Term Loan"), and completed the syndication in respect of a new senior secured revolving facility expected to mature in 2025 (the "Revolving Facility", together with the Term Loan, the "Senior Secured Credit Facilities"). 


    JPMorgan Chase Bank, N.A., Citi and TD Securities are acting as lead arrangers and active bookrunners for the Senior Secured Credit Facilities.

     
  • Juanita Schwartzkopf - Headshot150x150 How do you effectively analyze Q1 and Q2 2021 financial performance?
    Analyzing Q1 and Q2 financial performance is challenging.  2020 was impacted by Covid-19 both positively, through the stimulus programs, and negatively, as a result of shut downs and stay at home orders along with their trickle down impacts.  2021 financial performance analysis is further complicated by the emerging trends of labor related issues, inflation impacts, commodity prices changes, and supply chain concerns. 
  • Gerber Finance Opens Ontario Office, Industry Veteran Karim Habib to Lead Canadian Expansion
    Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, today announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first office in Canada, where it will now provide its signature customized asset-based lending solutions to consumer packaged goods companies.
  • FGI Appoints Ronnie Bloom to Expand its Canadian Presence
    FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground approach.
  • Trends in E-commerce During and Post-Pandemic

    The COVID-19 pandemic caused ecommerce to transition from “convenient” to “essential,” but what does the post-pandemic world hold for this sector?