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Gridiron Capital Announces Fourth Partnership in GarageCo, Cedar Park Overhead Doors
May 16, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, successfully closed its fourth partnership under the GarageCo Holdings, LLC (“GarageCo” or “the Company”) platform, with Cedar Park Overhead Doors (“Cedar Park”).
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Caleb Smith Joins Gordon Brothers as Managing Director, North America Real Estate Services
May 16, 2024In this role, Smith oversees Real Estate Services’ daily operations through the implementation of streamlined processes, procedures and methodologies and enhancing the operational platform to provide full life cycle portfolio optimization services to retail, office, commercial and industrial clients.
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Flatbay Capital keeps the Ball Rolling With Another $2.3MM Bridge Loan Funded for a Houston-based, Aerospace Machine Shop
May 16, 2024This deal was secured by the company's main operating headquarters located in one of Houston’s historically underutilized business zones (HUBZones).
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SFNet New Member Spotlight: Goba Capital
May 15, 2024Goba Capital is an alternative financing company based in Miami, FL, specializing in providing working capital solutions. With a focus on innovation and flexibility, we offer tailored financial services designed to meet the diverse needs of businesses across various industries and locations.
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Apellis Pharmaceuticals Refinances Existing Debt with Up to $475 Million Non-Dilutive Credit Facility from Sixth Street
May 15, 2024Apellis Pharmaceuticals, Inc. (Nasdaq: APLS), today announced that it has entered into a non-dilutive, senior secured credit facility with Sixth Street, a leading global investment firm, of up to $475 million, with approximately $375 million funded at close. Apellis can draw down an additional $100 million under the facility at the company’s option prior to September 2025, subject to satisfaction of certain conditions. Additionally, the Sixth Street agreement also permits Apellis to access $100 million through a separate third-party working capital facility.
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Trinity Capital Inc. Provides $25 Million in Growth Capital to Elevate K-12
May 15, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Elevate K-12 ("Elevate"), a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.
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Citizens Builds on Growing Presence in Florida, Announces First Market President
May 15, 2024Citizens Financial Group, Inc. (NYSE: CFG) today announced that Jim Weiss has joined Citizens as Florida market president to bring additional local focus and expertise as Citizens continues to grow its presence in Florida.
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Online Auction Features Surplus AV Gear from the Ongoing Operations of Premier Global Rental Company
May 15, 2024An online auction hosted by Tiger Group on May 21 features the highest-quality rental and production-ready AV gear to be sold in North America, the company announced.
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Amerisource Closes $2,500,000 Working Capital Facility for Printing Firm
May 15, 2024Amerisource Business Capital announced the closing and funding of a $2,500,000 working capital facility for a Utah-based commercial printer. The proceeds were used to support the company’s recent significant growth.
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eCapital Corp. Provides a $10 Million Factoring Facility for a Energy Sector Staffing Leader
May 15, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the recent completion of a $10 million factoring facility for a prominent Canada-based staffing company specializing in the recruitment and management of talent in the global energy sector.
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Gordon Brothers Expands Presence in the Middle East & Asia Pacific
May 15, 2024Gordon Brothers, the global asset experts, opened two new offices in Dubai and Auckland, expanding the firm’s presence in the Middle East and Asia Pacific. Gordon Brothers has been active in the Middle East since 2023 and provides holistic solutions across asset services and trading to retail and industrial clients in the region with a focus on servicing companies, financial institutions and their advisors.
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Womble Elects New US Leadership, Names Merrick Benn Chair and CEO-Elect
May 15, 2024Womble Bond Dickinson (US) LLP announced today that Merrick Benn has been elected US Chair and CEO, effective January 1, 2025. Currently a member of the firm’s Global Board, Benn will succeed Betty Temple, who has served as US Chair and CEO since 2016. They will work closely with the Firm Management Committee to ensure a successful transition.
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Nisha Pujji Joins Republic Business Credit as Operations Analyst in Los Angeles Office
May 15, 2024Republic Business Credit is pleased to announce the addition of Nisha Pujji to its West Coast office, adding to a team known for its ABL, e-commerce and apparel factoring expertise. Pujji will serve as an operations analyst, reporting to AVP, Operations Manager, Chad Crunelle.
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Squarespace Lines up Private Credit Financing for Take-Private Deal
May 15, 2024Website-building platform Squarespace has lined up $2.65 billion in private credit financing to support its $6.9 billion all-cash take-private by Permira. Blackstone Credit & Insurance is lead left arranger and Blue Owl Capital and Ares Capital Corp. are joint lead arrangers on the transaction financing, according to a May 13 company statement.
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Berry Global Announces Pricing of Offering of First Priority Senior Secured Notes
May 15, 2024Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today the pricing of a private placement launched May 13, 2024, by its wholly owned subsidiary, Berry Global, Inc. (the “Issuer”).
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Aequum Capital Provides $9.3MM in Credit Facilities to Midwest Based Aerospace and Defense Manufacturing Company
May 15, 2024Aequum Capital is pleased to announce it recently provided a $5MM revolving credit facility and $4.3MM term loan to a Midwest-based manufacturing company. The proceeds of the facilities were used to refinance the Company's Main Street Loan ("MSL") which was facing a near term maturity. In addition, the MSL prevented the Company from accessing a working capital line of credit
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Insight Enterprises, Inc. Announces Proposed $500 Million Offering of Senior Notes
May 15, 2024Insight Enterprises, Inc. (NASDAQ: NSIT) (the “Company”) announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Senior Notes due 2032 (the “notes”). The Company expects to use the net proceeds of the offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility due 2027 and, to the extent of any remaining net proceeds, for general corporate purposes.
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Haventus Secures Credit Facility from Scottish National Investment Bank, UKIB
May 14, 2024Haventus, owner of Ardersier Port, has secured a £100 million joint credit facility from the Scottish National Investment Bank and UK Infrastructure Bank (UKIB), with £50 million investments from each.
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BHG Financial Doubles Down on Risk and Regulatory by Promoting Three Top-Level Executives
May 14, 2024BHG Financial (BHG), a national provider of innovative financial solutions to professionals, consumers, and financial institutions for over 23 years, announced today the promotion of three key executives in risk and regulatory relations.
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Citizens Leads $105 Million Financing for Style Crest Enterprises
May 14, 2024Citizens today announced that it led a $105 million credit facility, which included a $75 million term loan and a $30 million revolving line of credit, for Style Crest Enterprises to help the company refinance existing debt and fund acquisitions. Citizens was Lead Left bookrunner and administrative agent.
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Gridiron Capital Announces Fourth Partnership in GarageCo, Cedar Park Overhead Doors
May 16, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, successfully closed its fourth partnership under the GarageCo Holdings, LLC (“GarageCo” or “the Company”) platform, with Cedar Park Overhead Doors (“Cedar Park”).
-
Caleb Smith Joins Gordon Brothers as Managing Director, North America Real Estate Services
May 16, 2024In this role, Smith oversees Real Estate Services’ daily operations through the implementation of streamlined processes, procedures and methodologies and enhancing the operational platform to provide full life cycle portfolio optimization services to retail, office, commercial and industrial clients.
-
Flatbay Capital keeps the Ball Rolling With Another $2.3MM Bridge Loan Funded for a Houston-based, Aerospace Machine Shop
May 16, 2024This deal was secured by the company's main operating headquarters located in one of Houston’s historically underutilized business zones (HUBZones).
-
SFNet New Member Spotlight: Goba Capital
May 15, 2024Goba Capital is an alternative financing company based in Miami, FL, specializing in providing working capital solutions. With a focus on innovation and flexibility, we offer tailored financial services designed to meet the diverse needs of businesses across various industries and locations.
-
Apellis Pharmaceuticals Refinances Existing Debt with Up to $475 Million Non-Dilutive Credit Facility from Sixth Street
May 15, 2024Apellis Pharmaceuticals, Inc. (Nasdaq: APLS), today announced that it has entered into a non-dilutive, senior secured credit facility with Sixth Street, a leading global investment firm, of up to $475 million, with approximately $375 million funded at close. Apellis can draw down an additional $100 million under the facility at the company’s option prior to September 2025, subject to satisfaction of certain conditions. Additionally, the Sixth Street agreement also permits Apellis to access $100 million through a separate third-party working capital facility.
-
Trinity Capital Inc. Provides $25 Million in Growth Capital to Elevate K-12
May 15, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Elevate K-12 ("Elevate"), a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the United States.
-
Citizens Builds on Growing Presence in Florida, Announces First Market President
May 15, 2024Citizens Financial Group, Inc. (NYSE: CFG) today announced that Jim Weiss has joined Citizens as Florida market president to bring additional local focus and expertise as Citizens continues to grow its presence in Florida.
-
Online Auction Features Surplus AV Gear from the Ongoing Operations of Premier Global Rental Company
May 15, 2024An online auction hosted by Tiger Group on May 21 features the highest-quality rental and production-ready AV gear to be sold in North America, the company announced.
-
Amerisource Closes $2,500,000 Working Capital Facility for Printing Firm
May 15, 2024Amerisource Business Capital announced the closing and funding of a $2,500,000 working capital facility for a Utah-based commercial printer. The proceeds were used to support the company’s recent significant growth.
-
eCapital Corp. Provides a $10 Million Factoring Facility for a Energy Sector Staffing Leader
May 15, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the recent completion of a $10 million factoring facility for a prominent Canada-based staffing company specializing in the recruitment and management of talent in the global energy sector.
-
Gordon Brothers Expands Presence in the Middle East & Asia Pacific
May 15, 2024Gordon Brothers, the global asset experts, opened two new offices in Dubai and Auckland, expanding the firm’s presence in the Middle East and Asia Pacific. Gordon Brothers has been active in the Middle East since 2023 and provides holistic solutions across asset services and trading to retail and industrial clients in the region with a focus on servicing companies, financial institutions and their advisors.
-
Womble Elects New US Leadership, Names Merrick Benn Chair and CEO-Elect
May 15, 2024Womble Bond Dickinson (US) LLP announced today that Merrick Benn has been elected US Chair and CEO, effective January 1, 2025. Currently a member of the firm’s Global Board, Benn will succeed Betty Temple, who has served as US Chair and CEO since 2016. They will work closely with the Firm Management Committee to ensure a successful transition.
-
Nisha Pujji Joins Republic Business Credit as Operations Analyst in Los Angeles Office
May 15, 2024Republic Business Credit is pleased to announce the addition of Nisha Pujji to its West Coast office, adding to a team known for its ABL, e-commerce and apparel factoring expertise. Pujji will serve as an operations analyst, reporting to AVP, Operations Manager, Chad Crunelle.
-
Squarespace Lines up Private Credit Financing for Take-Private Deal
May 15, 2024Website-building platform Squarespace has lined up $2.65 billion in private credit financing to support its $6.9 billion all-cash take-private by Permira. Blackstone Credit & Insurance is lead left arranger and Blue Owl Capital and Ares Capital Corp. are joint lead arrangers on the transaction financing, according to a May 13 company statement.
-
Berry Global Announces Pricing of Offering of First Priority Senior Secured Notes
May 15, 2024Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today the pricing of a private placement launched May 13, 2024, by its wholly owned subsidiary, Berry Global, Inc. (the “Issuer”).
-
Aequum Capital Provides $9.3MM in Credit Facilities to Midwest Based Aerospace and Defense Manufacturing Company
May 15, 2024Aequum Capital is pleased to announce it recently provided a $5MM revolving credit facility and $4.3MM term loan to a Midwest-based manufacturing company. The proceeds of the facilities were used to refinance the Company's Main Street Loan ("MSL") which was facing a near term maturity. In addition, the MSL prevented the Company from accessing a working capital line of credit
-
Insight Enterprises, Inc. Announces Proposed $500 Million Offering of Senior Notes
May 15, 2024Insight Enterprises, Inc. (NASDAQ: NSIT) (the “Company”) announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of Senior Notes due 2032 (the “notes”). The Company expects to use the net proceeds of the offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility due 2027 and, to the extent of any remaining net proceeds, for general corporate purposes.
-
Haventus Secures Credit Facility from Scottish National Investment Bank, UKIB
May 14, 2024Haventus, owner of Ardersier Port, has secured a £100 million joint credit facility from the Scottish National Investment Bank and UK Infrastructure Bank (UKIB), with £50 million investments from each.
-
BHG Financial Doubles Down on Risk and Regulatory by Promoting Three Top-Level Executives
May 14, 2024BHG Financial (BHG), a national provider of innovative financial solutions to professionals, consumers, and financial institutions for over 23 years, announced today the promotion of three key executives in risk and regulatory relations.
-
Citizens Leads $105 Million Financing for Style Crest Enterprises
May 14, 2024Citizens today announced that it led a $105 million credit facility, which included a $75 million term loan and a $30 million revolving line of credit, for Style Crest Enterprises to help the company refinance existing debt and fund acquisitions. Citizens was Lead Left bookrunner and administrative agent.