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Monroe Capital Supports Goldman Sachs Alternatives’ Acquisition of Xpress Wellness
August 20, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Xpress Wellness, LLC ("Xpress") by Goldman Sachs Alternatives.
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AFC Gamma Provides a New Senior Secured Credit Facility to Private Company Q and Expands Existing Senior Secured Credit Facilities for BeLeaf Medical and Sunburn Cannabis
August 20, 2024AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC (“BeLeaf”) and Sunburn Cannabis (“Sunburn”) .
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EverBank Launches New Asset-Backed Finance Division
August 20, 2024EverBank is proud to announce the formation of its Asset-Backed Finance (ABF) division, following the merger of its Fund Finance and Specialty & Lender Finance businesses. This new division will be led by Jeff Johnston, EVP Head of Asset-Backed Finance, and will continue to build on the bank's wide range of capabilities focused on alternative asset managers and the private capital industry.
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Loeb Provides $1.5 Million Loan to Arizona Woodworking Company
August 19, 2024Loeb is excited to announce the successful funding of a $1.5 million loan to a woodworking client based in Arizona. This funding will enable the company to consolidate its existing debts and streamline its financial operations.
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Tradewind Finance Announces $17 Million Credit Facility for Best-Selling Sporting Goods Brand
August 19, 2024Tradewind Finance, an international trade finance company, today announced that it has closed a USD 17 million credit facility for a best-selling consumer product manufacturer offering at-home sporting equipment.
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Rosin Capital Group Launches Debt Capital Advisory Firm
August 19, 2024Rosin Capital Group is proud to announce the launch of a new debt capital advisory firm, founded and led by industry veteran John Rosin. With over 30 years of experience in direct lending, Rosin brings a deep understanding of the debt capital landscape. Most recently, he served as President and Chief Operating Officer of Wingspire Capital.
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Advantage Business Capital Provides $5MM Asset-Based Loan to Upstream Oilfield Services Company
August 19, 2024Advantage Business Capital, a subsidiary of Central Bank, today announces that its asset-based lending (ABL) division has approved and funded a $5MM working capital revolver to a Houston, Texas headquartered upstream oil and gas services company.
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Advantage Business Capital Welcomes Two New Employees to their Team
August 19, 2024Advantage Business Capital, a subsidiary of Central Bank, welcomes two new employees to their growing team. Liz Castillo, Senior Vice President, is Houston, Texas based and Lauren Hogan, Marketing Specialist, is Austin, Texas-based.
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GoldenTree Asset Management Expands Private Credit Team
August 19, 2024GoldenTree Asset Management LP (“GoldenTree”), a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination.
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In Memoriam: David Crumbaugh
August 19, 2024SFNet is saddened to inform you of the passing of David Crumbaugh. David Gordon Crumbaugh of Boca Grande, Florida passed away on August 15, 2024 in Coloma, Michigan surrounded by family. He was a brother, husband, father, grandfather, attorney, and mentor. He was 72 years old.
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TAB Bank Provides $27.8 Million Funding to Support Growth and Expansion of Leading Aluminum Manufacturer
August 19, 2024TAB Bank has provided a $27.8 million credit facility for a leading manufacturer of aluminum extrusions based in southern California. The facility includes a $20 million revolver and a $7.8 million term loan. This partnership marks a significant step forward in ensuring the company thrives and expands in a competitive market.
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Regions Bank Announces Retirement of Ronnie Smith, Appointment of Brian Willman as Head of Corporate Banking Group
August 19, 2024Regions Bank on Tuesday announced Ronnie Smith, head of the company’s Corporate Banking Group, will retire at the end of the year following more than four decades of service to Regions and its predecessor banks.
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Winston & Strawn Boosts Litigation Practice in Washington, D.C. with Addition of Alexandra E. Chopin
August 19, 2024Winston & Strawn LLP announced today that Alexandra E. Chopin has joined the Washington, D.C. office as a partner in the Litigation Department.
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Chris Ward Joins TD Bank as Regional President of the Mid-South Metro
August 19, 2024TD Bank, America’s Most Convenient Bank®, today announced that Chris Ward has been named Regional President of the Mid-South Metro, which includes Delaware, Maryland, the District of Columbia, Virginia, North Carolina and South Carolina.
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Twain Private Credit Announces Federal Approval for New SBIC
August 19, 2024Twain Private Credit proudly announces the launch of its Truman Fund, following approval from the U.S. Small Business Administration (SBA) for a new Small Business Investment Company (SBIC) license. This landmark achievement marks the long-awaited presence of an active SBIC in Oklahoma, unlocking a windfall of capital for local businesses looking to grow and expand.
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Commercial Credit Group Inc. Closes 18th Term ABS for $458,688,000 (CCGR Trust 2024-1)
August 19, 2024Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, today announced that it has finalized a $458,688,000 term asset-backed security (ABS) transaction. The securitization was placed with a diverse group of institutional fixed income investors from 34 unique firms. JP Morgan Securities, LLC served as Structuring Agent and Lead Bookrunner for the placement.
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Webster Bank Healthcare Underwrites $30,600,000; Helps Arrange and Underwrite $58,400,000 in Development Capital for Anchor Health Properties
August 19, 2024Webster Bank Healthcare has underwritten $30,600,000 and helped arrange and underwrite $58,400,000 in construction and mini-permanent debt financing for Anchor Health Properties in support of the ground-up development of two Inpatient Rehabilitation Facilities (IRF) – a 61,000 square foot, 52- bed IRF in Apex, North Carolina and a 100,000 square foot, 62-bed IRF in Miami, Florida.
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Cambridge Savings Bank Continues to Make Strategic Leadership Changes with Ian Brandon’s Promotion to Chief Commercial Banking Officer
August 19, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that Ian Brandon has been promoted to Executive Vice President, Chief Commercial Banking Officer (CCBO).
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A&G to Auction Eight Bus Terminal Leases as Part of Coach USA’s Expedited Restructuring Process
August 19, 2024A&G Real Estate Partners, in its capacity as real estate advisor topassenger transportation and mobility services providerCoach USA (“the company”), today announced the upcoming auction of eight bus terminals across the United States, as part of the company’s expedited financial restructuring.
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US Capital Global Securities Announces $30MM Investment Opportunity in Next-Generation Tendon Repair Technology
August 19, 2024US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to present eligible investors with a unique investment opportunity to participate in an investment round of up to $30 million for CoNextions Medical (“CoNextions” or the “Company”).
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Monroe Capital Supports Goldman Sachs Alternatives’ Acquisition of Xpress Wellness
August 20, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Xpress Wellness, LLC ("Xpress") by Goldman Sachs Alternatives.
-
AFC Gamma Provides a New Senior Secured Credit Facility to Private Company Q and Expands Existing Senior Secured Credit Facilities for BeLeaf Medical and Sunburn Cannabis
August 20, 2024AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC (“BeLeaf”) and Sunburn Cannabis (“Sunburn”) .
-
EverBank Launches New Asset-Backed Finance Division
August 20, 2024EverBank is proud to announce the formation of its Asset-Backed Finance (ABF) division, following the merger of its Fund Finance and Specialty & Lender Finance businesses. This new division will be led by Jeff Johnston, EVP Head of Asset-Backed Finance, and will continue to build on the bank's wide range of capabilities focused on alternative asset managers and the private capital industry.
-
Loeb Provides $1.5 Million Loan to Arizona Woodworking Company
August 19, 2024Loeb is excited to announce the successful funding of a $1.5 million loan to a woodworking client based in Arizona. This funding will enable the company to consolidate its existing debts and streamline its financial operations.
-
Tradewind Finance Announces $17 Million Credit Facility for Best-Selling Sporting Goods Brand
August 19, 2024Tradewind Finance, an international trade finance company, today announced that it has closed a USD 17 million credit facility for a best-selling consumer product manufacturer offering at-home sporting equipment.
-
Rosin Capital Group Launches Debt Capital Advisory Firm
August 19, 2024Rosin Capital Group is proud to announce the launch of a new debt capital advisory firm, founded and led by industry veteran John Rosin. With over 30 years of experience in direct lending, Rosin brings a deep understanding of the debt capital landscape. Most recently, he served as President and Chief Operating Officer of Wingspire Capital.
-
Advantage Business Capital Provides $5MM Asset-Based Loan to Upstream Oilfield Services Company
August 19, 2024Advantage Business Capital, a subsidiary of Central Bank, today announces that its asset-based lending (ABL) division has approved and funded a $5MM working capital revolver to a Houston, Texas headquartered upstream oil and gas services company.
-
Advantage Business Capital Welcomes Two New Employees to their Team
August 19, 2024Advantage Business Capital, a subsidiary of Central Bank, welcomes two new employees to their growing team. Liz Castillo, Senior Vice President, is Houston, Texas based and Lauren Hogan, Marketing Specialist, is Austin, Texas-based.
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GoldenTree Asset Management Expands Private Credit Team
August 19, 2024GoldenTree Asset Management LP (“GoldenTree”), a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination.
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In Memoriam: David Crumbaugh
August 19, 2024SFNet is saddened to inform you of the passing of David Crumbaugh. David Gordon Crumbaugh of Boca Grande, Florida passed away on August 15, 2024 in Coloma, Michigan surrounded by family. He was a brother, husband, father, grandfather, attorney, and mentor. He was 72 years old.
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TAB Bank Provides $27.8 Million Funding to Support Growth and Expansion of Leading Aluminum Manufacturer
August 19, 2024TAB Bank has provided a $27.8 million credit facility for a leading manufacturer of aluminum extrusions based in southern California. The facility includes a $20 million revolver and a $7.8 million term loan. This partnership marks a significant step forward in ensuring the company thrives and expands in a competitive market.
-
Regions Bank Announces Retirement of Ronnie Smith, Appointment of Brian Willman as Head of Corporate Banking Group
August 19, 2024Regions Bank on Tuesday announced Ronnie Smith, head of the company’s Corporate Banking Group, will retire at the end of the year following more than four decades of service to Regions and its predecessor banks.
-
Winston & Strawn Boosts Litigation Practice in Washington, D.C. with Addition of Alexandra E. Chopin
August 19, 2024Winston & Strawn LLP announced today that Alexandra E. Chopin has joined the Washington, D.C. office as a partner in the Litigation Department.
-
Chris Ward Joins TD Bank as Regional President of the Mid-South Metro
August 19, 2024TD Bank, America’s Most Convenient Bank®, today announced that Chris Ward has been named Regional President of the Mid-South Metro, which includes Delaware, Maryland, the District of Columbia, Virginia, North Carolina and South Carolina.
-
Twain Private Credit Announces Federal Approval for New SBIC
August 19, 2024Twain Private Credit proudly announces the launch of its Truman Fund, following approval from the U.S. Small Business Administration (SBA) for a new Small Business Investment Company (SBIC) license. This landmark achievement marks the long-awaited presence of an active SBIC in Oklahoma, unlocking a windfall of capital for local businesses looking to grow and expand.
-
Commercial Credit Group Inc. Closes 18th Term ABS for $458,688,000 (CCGR Trust 2024-1)
August 19, 2024Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, today announced that it has finalized a $458,688,000 term asset-backed security (ABS) transaction. The securitization was placed with a diverse group of institutional fixed income investors from 34 unique firms. JP Morgan Securities, LLC served as Structuring Agent and Lead Bookrunner for the placement.
-
Webster Bank Healthcare Underwrites $30,600,000; Helps Arrange and Underwrite $58,400,000 in Development Capital for Anchor Health Properties
August 19, 2024Webster Bank Healthcare has underwritten $30,600,000 and helped arrange and underwrite $58,400,000 in construction and mini-permanent debt financing for Anchor Health Properties in support of the ground-up development of two Inpatient Rehabilitation Facilities (IRF) – a 61,000 square foot, 52- bed IRF in Apex, North Carolina and a 100,000 square foot, 62-bed IRF in Miami, Florida.
-
Cambridge Savings Bank Continues to Make Strategic Leadership Changes with Ian Brandon’s Promotion to Chief Commercial Banking Officer
August 19, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, today announced that Ian Brandon has been promoted to Executive Vice President, Chief Commercial Banking Officer (CCBO).
-
A&G to Auction Eight Bus Terminal Leases as Part of Coach USA’s Expedited Restructuring Process
August 19, 2024A&G Real Estate Partners, in its capacity as real estate advisor topassenger transportation and mobility services providerCoach USA (“the company”), today announced the upcoming auction of eight bus terminals across the United States, as part of the company’s expedited financial restructuring.
-
US Capital Global Securities Announces $30MM Investment Opportunity in Next-Generation Tendon Repair Technology
August 19, 2024US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to present eligible investors with a unique investment opportunity to participate in an investment round of up to $30 million for CoNextions Medical (“CoNextions” or the “Company”).