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Commercial Credit Group Inc. Closes 18th Term ABS for $458,688,000 (CCGR Trust 2024-1)
August 14, 2024Charlotte-based equipment finance company closes its eighteenth asset-backed security transaction, providing funding for ongoing growth.
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eCapital Provides $15 Million Facility to Support Water Brand’s Growth Through Accounts Receivable and Inventory Financing
August 14, 2024eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the funding of a $15 million confidential factoring plus inventory facility for a U.S.-based sponsor-backed beverage company.
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Republic Business Credit Funds $4.25 Million Asset-Based Loan for Food and Beverage Manufacturer
August 13, 2024When a renowned beverage manufacturing company found itself with insufficient working capital from its lender, it partnered with Republic Business Credit to expand its access to flexible working capital.
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King Trade Capital Provides a 50% Increase of Purchase Order Finance Facility to Dry Foods Manufacturer
August 13, 2024The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders. Due to the seasonality of their business, the Client needed more availability than their existing asset-based lending facility allowed and KTC was able to help.
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Avon Owner Files for Bankruptcy After Wave of Talc Cancer Claims
August 13, 2024The cosmetics company’s parent group, Avon Products, said it recently filed for Chapter 11 bankruptcy protection in the US to stave off debt pressures and the impact of looming lawsuits.
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Flatbay Capital Closes a $3.9MM Loan for Alloy Manufacturer
August 13, 2024Flatbay Capitals provided a $3.9MM sale leaseback loan to pay off company's remaining loan to the incumbent lender and provide extra cash to finance working capital.
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Davis Polk Adds Trio of Asset Management Partners
August 13, 2024Davis Polk & Wardwell is continuing its lateral expansion with a trio of asset management partners from Debevoise & Plimpton in New York.
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RelPro Achieves Inc. 5000 Ranking for Fourth Consecutive Year
August 13, 2024RelPro, a leading business development and relationship management solution for Financial & Professional Services, has been included on the Inc. 5000 list for the fourth consecutive year, distinguishing RelPro as consistently one of the fastest-growing private companies in the United States. RelPro is ranked #2710 on Inc. Magazine’s list in 2024, published today, thanks to the continued growth of its client base which now includes almost 60% of the Top 50 U.S. Banks.
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eCapital Ranks in the Inc. 5000 as One of America’s Fastest-Growing Private Companies for the Second Consecutive Year
August 13, 2024Inc. revealed today that eCapital Corp, a leading tech-enabled finance provider across North America and the United Kingdom ranks number 1968 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
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JetBlue Hit With Credit Downgrades Amid $3 Billion Debt Financing
August 12, 2024JetBlue shares tumbled Monday after the company announced plans to raise over $3 billion in debt and received credit downgrades from major credit rating agencies.
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Holland & Knight Advises Optivations LLC on Investment from Skylark Private Equity Partners
August 12, 2024Holland & Knight advised Optivations LLC, a leader in e-commerce marketplace management strategy services, in connection with a significant investment from Skylark Private Equity Partners. The transaction closed on July 26.
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SFNet Responds to SBA Working Capital Pilot Program
August 12, 2024In a letter to Isabella Guzman, Secretary of the Small Business Administration, SFNet expressed material concerns regarding the SBA’s new Working Capital Pilot program, targeting under-served small business borrowers. SFNet provided recommendations to mitigate risks and improve outcomes leveraging current SFNet member capabilities.
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Equinox-Owned Blink Fitness Files for Chapter 11 Bankruptcy
August 12, 2024The gym chain has filed for Chapter 11 bankruptcy in Delaware, struggling with high competition and costs, while continuing operations and aiming to repay creditors.
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Oxford Finance Provides $47 Million Credit Facility to Creative Solutions in Healthcare, Inc.
August 12, 2024Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences, healthcare services, healthtech, business services and SaaS companies worldwide, today announced the closing of a $47 million senior credit facility to Creative Solutions in Healthcare, Inc.
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Gary Rosner Appointed To Mediator Ethics Advisory Committee By Florida Supreme Court Chief Justice Carlos G. Muniz
August 12, 2024Moritt Hock & Hamroff announced today that Gary S. Rosner, a Partner and member of the firm’s Alternative Dispute Resolution and Litigation Practice Groups has been appointed to the Florida Supreme Court's Mediator Ethics Advisory Committee (MEAC) by Chief Justice Carlos G. Muniz for a four (4) year term through June 30, 2028.
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Cornerstone Business Credit Announces Funding $25,000 Line of Credit
August 12, 2024Cornerstone Business Credit is pleased to announce the funding of an expandable $25,000 line of credit to a start-up personnel agency.
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MidCap Business Credit closes on a $5,000,000 asset-based credit facility for Premier Engineered Products
August 12, 2024MidCap Business Credit announced today they have closed on a $5,000,000 asset-based credit facility for Premier Engineered Products, a portfolio company of Colfax Creek.
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Agree Realty Corporation Enters into Revolving Credit Agreement
August 12, 2024Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has entered into a Fourth Amended and Restated Revolving Credit Agreement which increases its senior unsecured revolving credit facility (the "Credit Facility") to $1.25 billion. The Credit Facility includes an accordion option that allows the Company to request additional lender commitments up to a total of $2.0 billion. The Credit Facility will mature in August 2028 with Company options to extend the maturity date to August 2029.
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Houlihan Lokey to Acquire Waller Helms Advisors
August 12, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has agreed to acquire Waller Helms Advisors (Waller Helms), an independent advisory firm that provides investment banking services to clients in the insurance and wealth management sectors. The transaction, signed on August 6, 2024, confirms Houlihan Lokey as the premier investment banking advisor in these sectors and underlines the firm’s leadership across the global financial services sector. The deal is expected to be completed before December 31, 2024, following regulatory approvals.
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B. Riley Serves as Exclusive Financial Advisor to Kimball Electronics on the Divestiture of its Automation, Test, and Measurement Business
August 9, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to Kimball Electronics, Inc. (NASDAQ: KE) (“Kimball Electronics” or the “Company”) in the successful completion of the sale of its Automation, Test, and Measurement (“AT&M”) business to Averna Technologies.
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Commercial Credit Group Inc. Closes 18th Term ABS for $458,688,000 (CCGR Trust 2024-1)
August 14, 2024Charlotte-based equipment finance company closes its eighteenth asset-backed security transaction, providing funding for ongoing growth.
-
eCapital Provides $15 Million Facility to Support Water Brand’s Growth Through Accounts Receivable and Inventory Financing
August 14, 2024eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the funding of a $15 million confidential factoring plus inventory facility for a U.S.-based sponsor-backed beverage company.
-
Republic Business Credit Funds $4.25 Million Asset-Based Loan for Food and Beverage Manufacturer
August 13, 2024When a renowned beverage manufacturing company found itself with insufficient working capital from its lender, it partnered with Republic Business Credit to expand its access to flexible working capital.
-
King Trade Capital Provides a 50% Increase of Purchase Order Finance Facility to Dry Foods Manufacturer
August 13, 2024The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders. Due to the seasonality of their business, the Client needed more availability than their existing asset-based lending facility allowed and KTC was able to help.
-
Avon Owner Files for Bankruptcy After Wave of Talc Cancer Claims
August 13, 2024The cosmetics company’s parent group, Avon Products, said it recently filed for Chapter 11 bankruptcy protection in the US to stave off debt pressures and the impact of looming lawsuits.
-
Flatbay Capital Closes a $3.9MM Loan for Alloy Manufacturer
August 13, 2024Flatbay Capitals provided a $3.9MM sale leaseback loan to pay off company's remaining loan to the incumbent lender and provide extra cash to finance working capital.
-
Davis Polk Adds Trio of Asset Management Partners
August 13, 2024Davis Polk & Wardwell is continuing its lateral expansion with a trio of asset management partners from Debevoise & Plimpton in New York.
-
RelPro Achieves Inc. 5000 Ranking for Fourth Consecutive Year
August 13, 2024RelPro, a leading business development and relationship management solution for Financial & Professional Services, has been included on the Inc. 5000 list for the fourth consecutive year, distinguishing RelPro as consistently one of the fastest-growing private companies in the United States. RelPro is ranked #2710 on Inc. Magazine’s list in 2024, published today, thanks to the continued growth of its client base which now includes almost 60% of the Top 50 U.S. Banks.
-
eCapital Ranks in the Inc. 5000 as One of America’s Fastest-Growing Private Companies for the Second Consecutive Year
August 13, 2024Inc. revealed today that eCapital Corp, a leading tech-enabled finance provider across North America and the United Kingdom ranks number 1968 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
-
JetBlue Hit With Credit Downgrades Amid $3 Billion Debt Financing
August 12, 2024JetBlue shares tumbled Monday after the company announced plans to raise over $3 billion in debt and received credit downgrades from major credit rating agencies.
-
Holland & Knight Advises Optivations LLC on Investment from Skylark Private Equity Partners
August 12, 2024Holland & Knight advised Optivations LLC, a leader in e-commerce marketplace management strategy services, in connection with a significant investment from Skylark Private Equity Partners. The transaction closed on July 26.
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SFNet Responds to SBA Working Capital Pilot Program
August 12, 2024In a letter to Isabella Guzman, Secretary of the Small Business Administration, SFNet expressed material concerns regarding the SBA’s new Working Capital Pilot program, targeting under-served small business borrowers. SFNet provided recommendations to mitigate risks and improve outcomes leveraging current SFNet member capabilities.
-
Equinox-Owned Blink Fitness Files for Chapter 11 Bankruptcy
August 12, 2024The gym chain has filed for Chapter 11 bankruptcy in Delaware, struggling with high competition and costs, while continuing operations and aiming to repay creditors.
-
Oxford Finance Provides $47 Million Credit Facility to Creative Solutions in Healthcare, Inc.
August 12, 2024Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences, healthcare services, healthtech, business services and SaaS companies worldwide, today announced the closing of a $47 million senior credit facility to Creative Solutions in Healthcare, Inc.
-
Gary Rosner Appointed To Mediator Ethics Advisory Committee By Florida Supreme Court Chief Justice Carlos G. Muniz
August 12, 2024Moritt Hock & Hamroff announced today that Gary S. Rosner, a Partner and member of the firm’s Alternative Dispute Resolution and Litigation Practice Groups has been appointed to the Florida Supreme Court's Mediator Ethics Advisory Committee (MEAC) by Chief Justice Carlos G. Muniz for a four (4) year term through June 30, 2028.
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Cornerstone Business Credit Announces Funding $25,000 Line of Credit
August 12, 2024Cornerstone Business Credit is pleased to announce the funding of an expandable $25,000 line of credit to a start-up personnel agency.
-
MidCap Business Credit closes on a $5,000,000 asset-based credit facility for Premier Engineered Products
August 12, 2024MidCap Business Credit announced today they have closed on a $5,000,000 asset-based credit facility for Premier Engineered Products, a portfolio company of Colfax Creek.
-
Agree Realty Corporation Enters into Revolving Credit Agreement
August 12, 2024Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has entered into a Fourth Amended and Restated Revolving Credit Agreement which increases its senior unsecured revolving credit facility (the "Credit Facility") to $1.25 billion. The Credit Facility includes an accordion option that allows the Company to request additional lender commitments up to a total of $2.0 billion. The Credit Facility will mature in August 2028 with Company options to extend the maturity date to August 2029.
-
Houlihan Lokey to Acquire Waller Helms Advisors
August 12, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has agreed to acquire Waller Helms Advisors (Waller Helms), an independent advisory firm that provides investment banking services to clients in the insurance and wealth management sectors. The transaction, signed on August 6, 2024, confirms Houlihan Lokey as the premier investment banking advisor in these sectors and underlines the firm’s leadership across the global financial services sector. The deal is expected to be completed before December 31, 2024, following regulatory approvals.
-
B. Riley Serves as Exclusive Financial Advisor to Kimball Electronics on the Divestiture of its Automation, Test, and Measurement Business
August 9, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to Kimball Electronics, Inc. (NASDAQ: KE) (“Kimball Electronics” or the “Company”) in the successful completion of the sale of its Automation, Test, and Measurement (“AT&M”) business to Averna Technologies.