Mercantile Bank Corporation (NASDAQ: MBWM) implemented the following resignations and appointments, in furtherance of its previously announced management succession plan, effective as of June 1, 2024:

LaVie Care Centers, LLC (the "Company"), an operator of 43 licensed skilled nursing facilities in five states, today announced that it has taken steps to implement a financial restructuring designed to improve its capital structure and position the Company for long-term success.

A controversial lending structure that lets companies pay interest with more debt is getting a new spin from private credit. Direct lenders including Blue Owl Capital Inc. have pitched deals in recent weeks that include a “synthetic PIK,” a feature that lets companies make some of the interest payments with additional borrowing without having to count the debt as being serviced “in kind,” according to people with knowledge of the matter.

Grant Thornton LLP, one of America’s leading providers of audit, assurance, tax and advisory services, and New Mountain Capital, a leading growth-oriented investment firm with approximately $50 billion in assets under management, today announced the closing of a significant growth investment in Grant Thornton that will accelerate the firm’s business strategy. CDPQ and OA Private Capital made minority investments in Grant Thornton alongside New Mountain Capital.

FLINT Corp. (“FLINT” or the “Company”) (TSX: FLNT) today announced that it has extended the maturity dates of (i) its Asset-Based Revolving Credit Facility with The Toronto-Dominion Bank that provides for maximum borrowings of up to $50 million to April 14, 2027 (previously April 14, 2025), (ii) its Term Loan Facility with Canso Investment Counsel Ltd., in its capacity as portfolio manager...

CalAmp Corp., which develops software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a debt-cutting deal that hands control of the business to lender Lynrock Lake Master Fund LP.

First Business Financial Services, Inc., parent company of First Business Bank, is pleased to announce Brad Quade’s recent promotion to Executive Vice President & Chief Credit Officer.

XCMG America Financial announces its expansion of its North American financing platform into Canada, supported by QuickFi®. The new XCMG program enables nearly instant loans and leases for XCMG equipment purchasers in Canada.

QuickFi® is honored to win Best Embedded Finance Solution at the 2024 Banking Tech Awards USA. Other finalists included J.P. Morgan Chase, HSBC Bank USA, Wells Fargo, Morgan Stanley, Intuit, Fiserv, and SoFi. QuickFi is honored to be selected as the Best Embedded Finance Solution winner.

CVC Credit, the $43bn global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLVIII (48), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO"). Barclays served as lead arranger for CVC Credit’s second CLO pricing in North America this year.

Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers.

Celtic Capital Corporation today announced its most recent new client relationship – an oil and gas extraction services company located in the Western Midwest region. The business suffered reduced revenues from the COVID era and to recover, needed additional working capital. Its current bank was unwilling to provide the Company with the needed funds so management turned to Celtic Capital.

-WeWork announced today that its Plan of Reorganization has been confirmed by the United States Bankruptcy Court for the District of New Jersey, a final step in the Company’s operational and financial restructuring. The Company expects to emerge from Chapter 11 in mid-June, following the completion of routine administrative matters.

WhiteHorse Europe, a credit affiliate of global investment firm H.I.G. Capital (“H.I.G.”), is pleased to announce that it has co-arranged a new €450 million financing package for Astek (the “Company” or the “Group”).

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM ABL facility, comprised of an AR and Inventory revolver to an industry leading foodservice equipment manufacturer & distributor of commercial kitchen equipment. The Company was seeking a lending partner who could provide greater flexibility and more availability than its current bank lender, while also understanding the unique challenges inherent to its business and their industry.

White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, and Thorofare Capital today announced a $21.5 million two-year, floating rate senior loan for the acquisition and conversion of 78 Walker Street into a Class A, self-storage facility to-be operated by Public Storage.

Peloton Interactive, Inc. ("Peloton") (NASDAQ: PTON) today announced it has successfully completed a holistic refinancing that reduced overall debt, extended debt maturities and achieved more flexible loan terms.

LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an aerospace manufacturer based in New Jersey.

First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $75 million revolving credit facility to Cisco Equipment Rentals, a Texas-based provider of equipment rentals, new and used equipment sales, parts and service.

EquipNet, Inc., a member of the 3S Circular Network (3SCircular.com), welcomes Marc Swirsky as the Managing Director of the organization’s industrial business. Swirsky joins as a tenured and experienced professional, known in the manufacturing industry for his expertise in industrial capital equipment auctions and liquidations.