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Emerita Resources Closes on First Tranche of USD$6 Million Under Credit Facility
August 19, 2024Emerita Resources Corp. (TSXV: EMO) (the “Company” or “Emerita”) announces that, further to its news release dated August 14, 2024, it it has drawn down and received USD$6 million in funding under the first tranche of its credit agreement dated August 14, 2024, as amended (the “Loan Agreement”), entered into by the Company and Nebari Natural Resources Credit Fund II, LP (the “Lender”).
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Georgia Banking Company Earns Top Workplace Recognition for 2024 by The Atlanta Journal-Constitution
August 19, 2024For the second consecutive year, Georgia Banking Company (GBC) has been awarded the Top Workplaces 2024 honor by The Atlanta Journal-Constitution. This prestigious recognition is based solely on employee feedback gathered through a confidential third-party survey administered by Energage, LLC, a leading provider of technology-based employee engagement tools.
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Moritt Hock & Hamroff Launches Newly-Redesigned Website
August 19, 2024Moritt Hock & Hamroff announced today the launch of its newly redesigned website at www.moritthock.com. The site boasts a clean, modern appearance with advanced technology and improved navigation that provides the firm's existing and prospective clients with a more intuitive and user-friendly experience, as well as a more responsive and robust layout on mobile devices.
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EagleBank Names New Chief Credit Officer
August 19, 2024Eagle Bancorp, Inc. (NASDAQ: EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced Chief Credit Officer Janice “Jan” Williams will be retiring from EagleBank on June 30, 2025. Jan’s longstanding dedication and exceptional contributions have significantly driven the bank’s strategic growth over the past two decades.
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Birch Creek Completes Altona Solar Financing
August 19, 2024Birch Creek Energy, LLC ("Birch Creek"), a St. Louis based renewable energy company, announced the completion of financing and full operation of Altona Solar, a 42MW utility scale solar project based in Missouri. This facility, along with the recently completed 49MW project Earp Solar in Illinois, represents the second of several projects slated to come on-line this year as part of Birch Creek's independent power producer ("IPP") strategy.
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TaxNow Announces Strategic Partnership with XEN to Enhance Financial Management Solutions
August 19, 2024TaxNow, an innovative tax underwriting and monitoring platform, is excited to announce its new strategic partnership with XEN, a renowned multi-platform loan management software provider for lenders. This collaboration aims to improve the financial management landscape for lenders by integrating comprehensive tax underwriting and monitoring solutions into XEN, creating efficiency for clients seeking streamlined processes for tax due diligence and compliance.
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Construction Executive Ranks CohnReznick 10th Among Its Top Construction Accounting Firms
August 19, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced it has been ranked the number 10 construction accounting firm by Construction Executive. This marks the fourth consecutive year the firm has received a top 10 ranking.
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BRG Financial Institution Advisory Practice Adds Managing Director Michael Hollerich
August 19, 2024BRG announced today that Michael Hollerich has joined the firm’s Financial Institution Advisory practice as a managing director in Dallas. Hollerich brings over 25 years of leadership experience in financial services risk and consulting.
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New NFIB Survey: Inflation Continues to Plague Main Street
August 19, 2024The NFIB Small Business Optimism Index rose 2.2 points in July to 93.7, the highest reading since February 2022. However, this is the 31st consecutive month below the 50-year average of 98. Inflation remains the top issue among small business owners, with 25% reporting it as their single most important problem in operating their business, up four points from June.
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CIBC Innovation Banking Provides Growth Capital to Boosted.ai
August 19, 2024CIBC Innovation Banking announced today that it has provided $10 million in growth capital to Boosted.ai, a Toronto-based company that uses AI to automate investment management processes and increase productivity. Boosted.ai will use the funds to invest in product development and sales expansion in the Canadian and US market.
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Tower Partners Lands Buyer for REV Capital’s U.S. Transportation Factoring Portfolio: The Financial Unit of Love’s Travel Stops
August 19, 2024Tower Partners, a lower-middle market investment bank with a focus on family, founder, and entrepreneurial-led businesses, announced today that it has successfully executed the sale of REV Capital’s U.S. transportation factoring portfolio to the financial services division of Love’s Travel Stops.
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nFusion Capital Fuels Growth with Enhanced Junior Capital Facility from Haversine
August 19, 2024nFusion Capital Finance, LLC, a leading commercial finance company for entrepreneurs, announced that it has increased its junior capital credit facility to $17.5 million with Haversine Funding. Last month, nFusion announced that it had increased its senior secured credit facility with a consortium of lenders.
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SSG Places Debt Financing for Pegasus Home Fashions
August 19, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Pegasus Home Fashions, Inc. and its affiliated entities (collectively, “Pegasus” or the “Company”) in the private placement of a $25 million revolving credit facility with Ares Management, LLC. The financing enabled Pegasus to refinance existing indebtedness and will provide additional capital for growth.
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King Trade Capital Upsizes Purchase Order Finance Facility to Dry Foods Manufacturer by 50%
August 15, 2024King Trade Capital (“KTC”) is pleased to announce the finance facility increase of $2.5MM for an existing dry baked goods manufacturing client.
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Cliffwater Corporate Lending Fund Announces Completion of $1.370 Billion Investment Grade Secured Notes Offering
August 15, 2024Cliffwater Corporate Lending Fund ("CCLFX" or "the Fund"), a diversified interval fund focused on consistent income through corporate middle market direct lending, is pleased to announce the closing of its seventh privately-placed Senior Secured Notes (the "Notes") offering, totaling $1.370 billion in principal amount.
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Prestige Capital Extends a $1,000,000 Facility to a Southeastern Based Technology Company
August 15, 2024A technology company that designs software for call centers required capital to support its growth. In partnership with the company's investor, Prestige Capital provided the necessary funds for this business to expand.
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Monroe Capital Supports Medusind’s Add-on Acquisitions
August 15, 2024Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions of Billing Solutions, LLC (“Billing Solutions”) and edgeMED Healthcare (“edgeMED”) by Medusind Solutions Inc. (“Medusind”), an existing portfolio company of Alpine Investors.
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ADMA Biologics Announces Partial Paydown of Revolving Credit Facility
August 15, 2024ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics, today announced it has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital.
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Cannabis Operator TerrAscend Secures $140 million Loan
August 15, 2024TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate.
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BHI Provides $35 Million In Financing to Naftali Group for A 70-Story Mixed Used Development
August 14, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $35 million to Naftali Group, a leading privately held, global real estate development and investment firm, in predevelopment financing for a 70-story tower located at 1016 NE 2nd Avenue in Miami Florida.
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Emerita Resources Closes on First Tranche of USD$6 Million Under Credit Facility
August 19, 2024Emerita Resources Corp. (TSXV: EMO) (the “Company” or “Emerita”) announces that, further to its news release dated August 14, 2024, it it has drawn down and received USD$6 million in funding under the first tranche of its credit agreement dated August 14, 2024, as amended (the “Loan Agreement”), entered into by the Company and Nebari Natural Resources Credit Fund II, LP (the “Lender”).
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Georgia Banking Company Earns Top Workplace Recognition for 2024 by The Atlanta Journal-Constitution
August 19, 2024For the second consecutive year, Georgia Banking Company (GBC) has been awarded the Top Workplaces 2024 honor by The Atlanta Journal-Constitution. This prestigious recognition is based solely on employee feedback gathered through a confidential third-party survey administered by Energage, LLC, a leading provider of technology-based employee engagement tools.
-
Moritt Hock & Hamroff Launches Newly-Redesigned Website
August 19, 2024Moritt Hock & Hamroff announced today the launch of its newly redesigned website at www.moritthock.com. The site boasts a clean, modern appearance with advanced technology and improved navigation that provides the firm's existing and prospective clients with a more intuitive and user-friendly experience, as well as a more responsive and robust layout on mobile devices.
-
EagleBank Names New Chief Credit Officer
August 19, 2024Eagle Bancorp, Inc. (NASDAQ: EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced Chief Credit Officer Janice “Jan” Williams will be retiring from EagleBank on June 30, 2025. Jan’s longstanding dedication and exceptional contributions have significantly driven the bank’s strategic growth over the past two decades.
-
Birch Creek Completes Altona Solar Financing
August 19, 2024Birch Creek Energy, LLC ("Birch Creek"), a St. Louis based renewable energy company, announced the completion of financing and full operation of Altona Solar, a 42MW utility scale solar project based in Missouri. This facility, along with the recently completed 49MW project Earp Solar in Illinois, represents the second of several projects slated to come on-line this year as part of Birch Creek's independent power producer ("IPP") strategy.
-
TaxNow Announces Strategic Partnership with XEN to Enhance Financial Management Solutions
August 19, 2024TaxNow, an innovative tax underwriting and monitoring platform, is excited to announce its new strategic partnership with XEN, a renowned multi-platform loan management software provider for lenders. This collaboration aims to improve the financial management landscape for lenders by integrating comprehensive tax underwriting and monitoring solutions into XEN, creating efficiency for clients seeking streamlined processes for tax due diligence and compliance.
-
Construction Executive Ranks CohnReznick 10th Among Its Top Construction Accounting Firms
August 19, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced it has been ranked the number 10 construction accounting firm by Construction Executive. This marks the fourth consecutive year the firm has received a top 10 ranking.
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BRG Financial Institution Advisory Practice Adds Managing Director Michael Hollerich
August 19, 2024BRG announced today that Michael Hollerich has joined the firm’s Financial Institution Advisory practice as a managing director in Dallas. Hollerich brings over 25 years of leadership experience in financial services risk and consulting.
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New NFIB Survey: Inflation Continues to Plague Main Street
August 19, 2024The NFIB Small Business Optimism Index rose 2.2 points in July to 93.7, the highest reading since February 2022. However, this is the 31st consecutive month below the 50-year average of 98. Inflation remains the top issue among small business owners, with 25% reporting it as their single most important problem in operating their business, up four points from June.
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CIBC Innovation Banking Provides Growth Capital to Boosted.ai
August 19, 2024CIBC Innovation Banking announced today that it has provided $10 million in growth capital to Boosted.ai, a Toronto-based company that uses AI to automate investment management processes and increase productivity. Boosted.ai will use the funds to invest in product development and sales expansion in the Canadian and US market.
-
Tower Partners Lands Buyer for REV Capital’s U.S. Transportation Factoring Portfolio: The Financial Unit of Love’s Travel Stops
August 19, 2024Tower Partners, a lower-middle market investment bank with a focus on family, founder, and entrepreneurial-led businesses, announced today that it has successfully executed the sale of REV Capital’s U.S. transportation factoring portfolio to the financial services division of Love’s Travel Stops.
-
nFusion Capital Fuels Growth with Enhanced Junior Capital Facility from Haversine
August 19, 2024nFusion Capital Finance, LLC, a leading commercial finance company for entrepreneurs, announced that it has increased its junior capital credit facility to $17.5 million with Haversine Funding. Last month, nFusion announced that it had increased its senior secured credit facility with a consortium of lenders.
-
SSG Places Debt Financing for Pegasus Home Fashions
August 19, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Pegasus Home Fashions, Inc. and its affiliated entities (collectively, “Pegasus” or the “Company”) in the private placement of a $25 million revolving credit facility with Ares Management, LLC. The financing enabled Pegasus to refinance existing indebtedness and will provide additional capital for growth.
-
King Trade Capital Upsizes Purchase Order Finance Facility to Dry Foods Manufacturer by 50%
August 15, 2024King Trade Capital (“KTC”) is pleased to announce the finance facility increase of $2.5MM for an existing dry baked goods manufacturing client.
-
Cliffwater Corporate Lending Fund Announces Completion of $1.370 Billion Investment Grade Secured Notes Offering
August 15, 2024Cliffwater Corporate Lending Fund ("CCLFX" or "the Fund"), a diversified interval fund focused on consistent income through corporate middle market direct lending, is pleased to announce the closing of its seventh privately-placed Senior Secured Notes (the "Notes") offering, totaling $1.370 billion in principal amount.
-
Prestige Capital Extends a $1,000,000 Facility to a Southeastern Based Technology Company
August 15, 2024A technology company that designs software for call centers required capital to support its growth. In partnership with the company's investor, Prestige Capital provided the necessary funds for this business to expand.
-
Monroe Capital Supports Medusind’s Add-on Acquisitions
August 15, 2024Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions of Billing Solutions, LLC (“Billing Solutions”) and edgeMED Healthcare (“edgeMED”) by Medusind Solutions Inc. (“Medusind”), an existing portfolio company of Alpine Investors.
-
ADMA Biologics Announces Partial Paydown of Revolving Credit Facility
August 15, 2024ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics, today announced it has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital.
-
Cannabis Operator TerrAscend Secures $140 million Loan
August 15, 2024TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate.
-
BHI Provides $35 Million In Financing to Naftali Group for A 70-Story Mixed Used Development
August 14, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $35 million to Naftali Group, a leading privately held, global real estate development and investment firm, in predevelopment financing for a 70-story tower located at 1016 NE 2nd Avenue in Miami Florida.