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Heron Finance Completes Rollout, Becomes First On-Chain Platform to Offer Access to Sought-After Private Credit Deals via Standard Bank Accounts
March 12, 2024Heron Finance, an SEC-registered investment advisor (“RIA”), announced it has completed its rollout, and has begun accepting investments to build automated private credit portfolios via digital wallets and, for the first time, standard bank accounts.
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Morrison Foerster Adds Prominent Restructuring Partner Doug Mannal in New York
March 12, 2024Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Doug Mannal as a partner in the firm’s Business Restructuring + Insolvency Group in the Transactions Department, based in the New York office. Mannal brings over 20 years of experience spanning all aspects of restructuring to the firm, with a particular focus on representing creditors, including official committees of unsecured creditors, as well as ad hoc groups of funds in distressed situations – both in and out of court.
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Sound Credit Union and Washington Business Bank Announce Acquisition Agreement
March 12, 2024Sound Credit Union, a leading not-for-profit financial institution serving Washington State, and Washington Business Bank (OTCPK: WBZB), a premier commercial bank headquartered in Olympia, Washington, announced today they have entered into a definitive agreement in which Sound Credit Union will acquire Washington Business Bank.
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Houlihan Lokey Expands Healthcare Capital Markets Capabilities With Experienced Hire
March 12, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Brent Shepherd has joined as a Managing Director in its Capital Markets Group. Based in Chicago, Mr. Shepherd will co-lead the firm’s Healthcare Capital Markets efforts alongside Managing Director Neha Shah.
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Republic Business Credit Provides $8.0 Million Asset-Based Loan to Aftermarket Automotive Supplier
March 12, 2024When a California-based aftermarket automotive supplier needed to increase its working capital after acquiring a competitor, Republic stepped in to provide more availability and a larger credit facility to support its cashflow.
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SFNet Submits Letter in Opposition to Illinois Financial Disclosure Legislation
March 12, 2024SFNet has submitted a comment letter opposing the Illinois commercial finance disclosure legislation, which is similar to New York’s law, but has the additional requirements of licensing and a database.
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Hilco Streambank Announces Internal Reorganization and Executive Promotions
March 12, 2024Hilco Streambank, a leading advisory firm specializing in intangible asset disposition, valuation, and a leading market player for digital assets and services, today announced significant changes to its organizational structure and key executive promotions.
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Gibraltar Business Capital Provides $20MM to Second-Generation Honey Company
March 11, 2024GloryBee Natural Sweeteners, a family-owned business based in Oregon, is dedicated to ethically sourcing, processing, and packing high-quality honey and other sweeteners primarily used as ingredients. The company, having invested in a state-of-the-art manufacturing facility and national expansion, needed a lender that could move quickly to refinance existing bank debt and provide additional liquidity to maximize growth opportunities.
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Culain Capital Funding Closes $4MM for National Consumer Products Company
March 11, 2024More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a consumer products company that does business across the country, which recently received a $4MM accounts receivable factoring facility through Culain Capital.
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InterNex Capital Announces $5 Million Facility to Business Process Outsourcing Company
March 11, 2024InterNex Capital provided a $5 million revolving line of credit to a leading Business Process Outsourcing (BPO) company in the call center space, focused on the tech sector. The BPO company sought an innovative lender that was understanding of the billing cycles in the technology sector and could provide flexibility as AR concentrations shifted between customers.
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Citizens Advises Ellipse Eye Group in Its Sale to ReFocus Eye Health
March 11, 2024Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Ellipse Eye Group, LLC on its sale to ReFocus Eye Health, a portfolio company of Zenyth Partners.
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Cory Gitt Joins BridgeCore Capital as Managing Director, Loan Originations
March 11, 2024BridgeCore Capital, Inc. today announced that Cory Gitt has joined the firm as Managing Director, Loan Originations. In this role, Gitt will be responsible for overseeing loan originations for BridgeCore’s recently launched, nationwide program for middle-market loans ranging from $5 million to $30+ million on stabilized and near-stabilized multi-family, industrial, life science and grocery-anchored retail properties.
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Nomura Introduces Nomura Capital Management as Firm Refines Focus on Investment Management Business in the Americas
March 11, 2024Nomura Holdings, Inc has realigned the firm’s collective asset and investment management capabilities in the Americas under the new brand Nomura Capital Management LLC (NCM). The new brand is a subsidiary of Nomura Holding America Inc. (NHA) and will integrate Nomura Group’s public and private credit offerings to maximize the firm’s growth opportunities and to better serve institutional and intermediary clients in the Americas.
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New Jersey Security Firm Secures a $1,500,000 Line for Business Expansion from Prestige Capital
March 11, 2024A New Jersey-based security company, committed to providing safety to inner-city housing developments, sought funds to fuel their business expansion. Presented with promising opportunities to undertake new contracts, the company needed additional resources to hire additional security guards and meet the growing demand for their services.
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Yellowstone, Whose Portfolio Includes The New Yorker Hotel, Increases its Capital Call Line With BHI From $90 Million To $150 Million as it Sets Sights on Other Potential Opportunistic Acquisitions
March 11, 2024BHI, a full-service commercial bank, announced that it has increased its capital call line facility from $90 million to $150 million to provide Yellowstone Funds (“Yellowstone”) with liquidity as the premier evergreen real estate investment platform continues to evaluate the current environment in the real estate market and assess potential opportunistic acquisitions.
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First Citizens Bank Provides $33.5 Million to Adams Beverages
March 11, 2024First Citizens Bank today announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail outlets throughout Alabama and North Carolina.
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Equinox Group Secures Strategic Investments to Refinance Existing Loans and Support Growth as the Global Leader in High Performance Living
March 11, 2024Equinox, the authority in high performance luxury living, today announced it has secured approximately $1.8 billion in new capital to refinance maturing loans as well as to fund general corporate purposes and growth including new clubs.
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Runway Growth Finance Corp. Announces Joint Venture with Cadma Capital Partners
March 11, 2024Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that the Company has established a joint venture (“JV”) with Cadma Capital Partners (“Cadma”), a credit financing platform for the venture and growth ecosystem that is an affiliate of Apollo Global Management.
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Monroe Capital Funds Make Strategic Investment in Second Avenue
March 11, 2024Monroe Capital LLC (“Monroe”), on behalf of its investment funds, today announced it has acquired a strategic minority ownership interest in Second Avenue’s operating company and has allocated approximately $250 million of additional capital to its investment platform through a mix of debt and equity capital. The $250 million is structured as a follow-on investment that is expected to be deployed across various opportunities in 2024.
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Empire State Realty Trust Announces New $715 Million Credit Facility
March 11, 2024Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.
-
Heron Finance Completes Rollout, Becomes First On-Chain Platform to Offer Access to Sought-After Private Credit Deals via Standard Bank Accounts
March 12, 2024Heron Finance, an SEC-registered investment advisor (“RIA”), announced it has completed its rollout, and has begun accepting investments to build automated private credit portfolios via digital wallets and, for the first time, standard bank accounts.
-
Morrison Foerster Adds Prominent Restructuring Partner Doug Mannal in New York
March 12, 2024Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Doug Mannal as a partner in the firm’s Business Restructuring + Insolvency Group in the Transactions Department, based in the New York office. Mannal brings over 20 years of experience spanning all aspects of restructuring to the firm, with a particular focus on representing creditors, including official committees of unsecured creditors, as well as ad hoc groups of funds in distressed situations – both in and out of court.
-
Sound Credit Union and Washington Business Bank Announce Acquisition Agreement
March 12, 2024Sound Credit Union, a leading not-for-profit financial institution serving Washington State, and Washington Business Bank (OTCPK: WBZB), a premier commercial bank headquartered in Olympia, Washington, announced today they have entered into a definitive agreement in which Sound Credit Union will acquire Washington Business Bank.
-
Houlihan Lokey Expands Healthcare Capital Markets Capabilities With Experienced Hire
March 12, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Brent Shepherd has joined as a Managing Director in its Capital Markets Group. Based in Chicago, Mr. Shepherd will co-lead the firm’s Healthcare Capital Markets efforts alongside Managing Director Neha Shah.
-
Republic Business Credit Provides $8.0 Million Asset-Based Loan to Aftermarket Automotive Supplier
March 12, 2024When a California-based aftermarket automotive supplier needed to increase its working capital after acquiring a competitor, Republic stepped in to provide more availability and a larger credit facility to support its cashflow.
-
SFNet Submits Letter in Opposition to Illinois Financial Disclosure Legislation
March 12, 2024SFNet has submitted a comment letter opposing the Illinois commercial finance disclosure legislation, which is similar to New York’s law, but has the additional requirements of licensing and a database.
-
Hilco Streambank Announces Internal Reorganization and Executive Promotions
March 12, 2024Hilco Streambank, a leading advisory firm specializing in intangible asset disposition, valuation, and a leading market player for digital assets and services, today announced significant changes to its organizational structure and key executive promotions.
-
Gibraltar Business Capital Provides $20MM to Second-Generation Honey Company
March 11, 2024GloryBee Natural Sweeteners, a family-owned business based in Oregon, is dedicated to ethically sourcing, processing, and packing high-quality honey and other sweeteners primarily used as ingredients. The company, having invested in a state-of-the-art manufacturing facility and national expansion, needed a lender that could move quickly to refinance existing bank debt and provide additional liquidity to maximize growth opportunities.
-
Culain Capital Funding Closes $4MM for National Consumer Products Company
March 11, 2024More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a consumer products company that does business across the country, which recently received a $4MM accounts receivable factoring facility through Culain Capital.
-
InterNex Capital Announces $5 Million Facility to Business Process Outsourcing Company
March 11, 2024InterNex Capital provided a $5 million revolving line of credit to a leading Business Process Outsourcing (BPO) company in the call center space, focused on the tech sector. The BPO company sought an innovative lender that was understanding of the billing cycles in the technology sector and could provide flexibility as AR concentrations shifted between customers.
-
Citizens Advises Ellipse Eye Group in Its Sale to ReFocus Eye Health
March 11, 2024Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Ellipse Eye Group, LLC on its sale to ReFocus Eye Health, a portfolio company of Zenyth Partners.
-
Cory Gitt Joins BridgeCore Capital as Managing Director, Loan Originations
March 11, 2024BridgeCore Capital, Inc. today announced that Cory Gitt has joined the firm as Managing Director, Loan Originations. In this role, Gitt will be responsible for overseeing loan originations for BridgeCore’s recently launched, nationwide program for middle-market loans ranging from $5 million to $30+ million on stabilized and near-stabilized multi-family, industrial, life science and grocery-anchored retail properties.
-
Nomura Introduces Nomura Capital Management as Firm Refines Focus on Investment Management Business in the Americas
March 11, 2024Nomura Holdings, Inc has realigned the firm’s collective asset and investment management capabilities in the Americas under the new brand Nomura Capital Management LLC (NCM). The new brand is a subsidiary of Nomura Holding America Inc. (NHA) and will integrate Nomura Group’s public and private credit offerings to maximize the firm’s growth opportunities and to better serve institutional and intermediary clients in the Americas.
-
New Jersey Security Firm Secures a $1,500,000 Line for Business Expansion from Prestige Capital
March 11, 2024A New Jersey-based security company, committed to providing safety to inner-city housing developments, sought funds to fuel their business expansion. Presented with promising opportunities to undertake new contracts, the company needed additional resources to hire additional security guards and meet the growing demand for their services.
-
Yellowstone, Whose Portfolio Includes The New Yorker Hotel, Increases its Capital Call Line With BHI From $90 Million To $150 Million as it Sets Sights on Other Potential Opportunistic Acquisitions
March 11, 2024BHI, a full-service commercial bank, announced that it has increased its capital call line facility from $90 million to $150 million to provide Yellowstone Funds (“Yellowstone”) with liquidity as the premier evergreen real estate investment platform continues to evaluate the current environment in the real estate market and assess potential opportunistic acquisitions.
-
First Citizens Bank Provides $33.5 Million to Adams Beverages
March 11, 2024First Citizens Bank today announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail outlets throughout Alabama and North Carolina.
-
Equinox Group Secures Strategic Investments to Refinance Existing Loans and Support Growth as the Global Leader in High Performance Living
March 11, 2024Equinox, the authority in high performance luxury living, today announced it has secured approximately $1.8 billion in new capital to refinance maturing loans as well as to fund general corporate purposes and growth including new clubs.
-
Runway Growth Finance Corp. Announces Joint Venture with Cadma Capital Partners
March 11, 2024Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that the Company has established a joint venture (“JV”) with Cadma Capital Partners (“Cadma”), a credit financing platform for the venture and growth ecosystem that is an affiliate of Apollo Global Management.
-
Monroe Capital Funds Make Strategic Investment in Second Avenue
March 11, 2024Monroe Capital LLC (“Monroe”), on behalf of its investment funds, today announced it has acquired a strategic minority ownership interest in Second Avenue’s operating company and has allocated approximately $250 million of additional capital to its investment platform through a mix of debt and equity capital. The $250 million is structured as a follow-on investment that is expected to be deployed across various opportunities in 2024.
-
Empire State Realty Trust Announces New $715 Million Credit Facility
March 11, 2024Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.