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Blank Rome Launches in Boston with Prominent 25-Attorney Corporate and Finance Team
May 1, 2024Blank Rome is pleased to announce that the firm has expanded its national platform with the opening of a new office in Boston, anchored by 13 partners with leading corporate, finance, mergers and acquisitions (“M&A”), tax, litigation, and cannabis practices. Joining the partners are 12 associates and several business professionals. The premier team of nationally recognized attorneys, led by partners Frank A. Segall and Josef B. Volman.
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CohnReznick and Prevedere Forge Strategic Alliance
May 1, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, and Prevedere, a provider of external planning analytics software, today announced a strategic alliance designed to help organizations drive growth through comparative analytic insights and guidance.
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Aequum Capital Provides $8.5MM Refinance and Acquisition Growth Facilities for BrightWorks IT, a Sponsored Platform Managed Services Provider (MSP)
May 1, 2024Aequum Capital recently completed a two-stage senior Term Loan facility to refinance venture debt of $6MM including exit fees plus additional debt capital for acquisitions of up to $2.5MM for BrightWorks IT, a portfolio company of Cloud Equity Group.
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TBK Bank Appoints Jamie Paterson as EVP, Chief Operating Officer - Banking Operations
May 1, 2024Triumph Financial, Inc. (Nasdaq: TFIN) announced today the appointment of Jamie Paterson as the executive vice president, chief operating officer – banking operations of its TBK Bank, SSB subsidiary. In his role, Paterson will be responsible for overseeing operational excellence for the bank.
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Citizens Business Conditions Index™ Drops in Q1
May 1, 2024The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter against a backdrop of moderately restrictive monetary policy.
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Group 1 Automotive Upsizes Revolving Credit Facility to $2.5 Billion
May 1, 2024Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in March 2027 and can be expanded to $3.0 billion total availability.
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JOANN Enters New Era of Creativity Poised to Serve the Sewing, Craft and DIY Industry with Lowest Level of Debt in More than a Decade
May 1, 2024JOANN, the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced today it has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a $153 million exit financing facility that replaces the previously announced debtor-in-possession financing.
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Golub Capital Announces $2 Billion Final Close for its Sixth Credit Opportunities Fund
May 1, 2024Golub Capital today announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.
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Emergent BioSolutions Announces Amendment to its Existing Credit Facility
May 1, 2024Emergent BioSolutions Inc. (NYSE: EBS) announced that it has entered into a “Consent, Waiver and Seventh Amendment” to its existing credit facility.
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Solifi’s Kasey Hobson Wins SFNet 40 Under 40 Award
May 1, 2024Solifi, a global fintech software partner for secured finance, announced that Kasey Hobson has been recognized for her achievements in the secured finance industry in the SFNet 40 Under 40 Awards.
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NanoXplore Announces Closing of $60M New Credit Facility and Provides Update on The Financing of Its 5-year Strategic Plan
April 30, 2024NanoXplore Inc. ("NanoXplore" or the "Corporation") (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, announces the closing of a new credit facility with the Royal Bank of Canada (“RBC”). Under the agreement, RBC will provide NanoXplore’s subsidiaries with up to $60M CAD.
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InspireSemi Announces Additional Secured Loan
April 30, 2024Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, today announced that it has received an additional loan of US$300,000 (the “Loan”) under the secured loan agreement (the “Loan Agreement”) dated March 28, 2024 and previously announced by the Company in its press release dated April 1, 2024.
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Stapleton Group Opens Austin, Texas Office, Promotes Betsy Landoll
April 30, 2024Stapleton Group is pleased to announce the opening of its eighth office, in Austin, TX, and that Betsy Landoll has been promoted to Director.
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Kristen Palmer Joins First Business Bank As Vice President - Accounts Receivable Financing
April 30, 2024First Business Bank welcomes Kristen Palmer to its subsidiary, First Business Specialty Finance, LLC, as Vice President and a Business Development Officer in its Accounts Receivable Financing group.
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BHI Appoints Nisan Blum as Chief Risk and Compliance Officer
April 30, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, has appointed Nisan Blum as Chief Risk and Compliance Officer. Blum will report directly to CEO, Gil Karni, and join the Senior Management Team.
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King Trade Capital Provides a $3 Million Purchase Order Finance Facility for AZ Home Décor Company
April 30, 2024King Trade Capital is pleased to announce the completion of a $3 million purchase order finance facility for a growing home décor company in Arizona. The home décor company became familiar with King Trade Capital after being introduced by another King Trade Capital client.
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SLR Equipment Finance Adds to its Risk Management Team with Kicklighter Hire
April 30, 2024Jon Kicklighter joined SLR Equipment Finance as Senior Vice President of Risk – Vendor Focus. Kicklighter comes to SLR Equipment Finance with more than 15 years of experience in the banking/finance industry. In his new role, Jon will use his knowledge and experience to help grow SLR Equipment Finance’s evolving financial solutions platform.
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Celtic Capital Corporation Provides $4.4 Million for Job Shop Manufacturer
April 30, 2024Celtic Capital Corporation today announced its most recent new client relationship – a job shop manufacturer of large, high-quality metal gears used in various industries such as automotive and aerospace.
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Monroe Capital Supports Wind Point Partners’ Acquisition of MOREgroup, Inc.
April 30, 2024Monroe Capital LLC today announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of MOREgroup, Inc. (“MOREgroup”) by private equity sponsor Wind Point Partners.
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Accord Financial Drives $25M Facility for Plastics Manufacturer
April 30, 2024Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD), announces the closing of a $25 million credit facility to help a plastics manufacturer support new business contracts as well as complete a strategic business acquisition.
-
Blank Rome Launches in Boston with Prominent 25-Attorney Corporate and Finance Team
May 1, 2024Blank Rome is pleased to announce that the firm has expanded its national platform with the opening of a new office in Boston, anchored by 13 partners with leading corporate, finance, mergers and acquisitions (“M&A”), tax, litigation, and cannabis practices. Joining the partners are 12 associates and several business professionals. The premier team of nationally recognized attorneys, led by partners Frank A. Segall and Josef B. Volman.
-
CohnReznick and Prevedere Forge Strategic Alliance
May 1, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, and Prevedere, a provider of external planning analytics software, today announced a strategic alliance designed to help organizations drive growth through comparative analytic insights and guidance.
-
Aequum Capital Provides $8.5MM Refinance and Acquisition Growth Facilities for BrightWorks IT, a Sponsored Platform Managed Services Provider (MSP)
May 1, 2024Aequum Capital recently completed a two-stage senior Term Loan facility to refinance venture debt of $6MM including exit fees plus additional debt capital for acquisitions of up to $2.5MM for BrightWorks IT, a portfolio company of Cloud Equity Group.
-
TBK Bank Appoints Jamie Paterson as EVP, Chief Operating Officer - Banking Operations
May 1, 2024Triumph Financial, Inc. (Nasdaq: TFIN) announced today the appointment of Jamie Paterson as the executive vice president, chief operating officer – banking operations of its TBK Bank, SSB subsidiary. In his role, Paterson will be responsible for overseeing operational excellence for the bank.
-
Citizens Business Conditions Index™ Drops in Q1
May 1, 2024The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter against a backdrop of moderately restrictive monetary policy.
-
Group 1 Automotive Upsizes Revolving Credit Facility to $2.5 Billion
May 1, 2024Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in March 2027 and can be expanded to $3.0 billion total availability.
-
JOANN Enters New Era of Creativity Poised to Serve the Sewing, Craft and DIY Industry with Lowest Level of Debt in More than a Decade
May 1, 2024JOANN, the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced today it has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a $153 million exit financing facility that replaces the previously announced debtor-in-possession financing.
-
Golub Capital Announces $2 Billion Final Close for its Sixth Credit Opportunities Fund
May 1, 2024Golub Capital today announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.
-
Emergent BioSolutions Announces Amendment to its Existing Credit Facility
May 1, 2024Emergent BioSolutions Inc. (NYSE: EBS) announced that it has entered into a “Consent, Waiver and Seventh Amendment” to its existing credit facility.
-
Solifi’s Kasey Hobson Wins SFNet 40 Under 40 Award
May 1, 2024Solifi, a global fintech software partner for secured finance, announced that Kasey Hobson has been recognized for her achievements in the secured finance industry in the SFNet 40 Under 40 Awards.
-
NanoXplore Announces Closing of $60M New Credit Facility and Provides Update on The Financing of Its 5-year Strategic Plan
April 30, 2024NanoXplore Inc. ("NanoXplore" or the "Corporation") (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, announces the closing of a new credit facility with the Royal Bank of Canada (“RBC”). Under the agreement, RBC will provide NanoXplore’s subsidiaries with up to $60M CAD.
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InspireSemi Announces Additional Secured Loan
April 30, 2024Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, today announced that it has received an additional loan of US$300,000 (the “Loan”) under the secured loan agreement (the “Loan Agreement”) dated March 28, 2024 and previously announced by the Company in its press release dated April 1, 2024.
-
Stapleton Group Opens Austin, Texas Office, Promotes Betsy Landoll
April 30, 2024Stapleton Group is pleased to announce the opening of its eighth office, in Austin, TX, and that Betsy Landoll has been promoted to Director.
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Kristen Palmer Joins First Business Bank As Vice President - Accounts Receivable Financing
April 30, 2024First Business Bank welcomes Kristen Palmer to its subsidiary, First Business Specialty Finance, LLC, as Vice President and a Business Development Officer in its Accounts Receivable Financing group.
-
BHI Appoints Nisan Blum as Chief Risk and Compliance Officer
April 30, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, has appointed Nisan Blum as Chief Risk and Compliance Officer. Blum will report directly to CEO, Gil Karni, and join the Senior Management Team.
-
King Trade Capital Provides a $3 Million Purchase Order Finance Facility for AZ Home Décor Company
April 30, 2024King Trade Capital is pleased to announce the completion of a $3 million purchase order finance facility for a growing home décor company in Arizona. The home décor company became familiar with King Trade Capital after being introduced by another King Trade Capital client.
-
SLR Equipment Finance Adds to its Risk Management Team with Kicklighter Hire
April 30, 2024Jon Kicklighter joined SLR Equipment Finance as Senior Vice President of Risk – Vendor Focus. Kicklighter comes to SLR Equipment Finance with more than 15 years of experience in the banking/finance industry. In his new role, Jon will use his knowledge and experience to help grow SLR Equipment Finance’s evolving financial solutions platform.
-
Celtic Capital Corporation Provides $4.4 Million for Job Shop Manufacturer
April 30, 2024Celtic Capital Corporation today announced its most recent new client relationship – a job shop manufacturer of large, high-quality metal gears used in various industries such as automotive and aerospace.
-
Monroe Capital Supports Wind Point Partners’ Acquisition of MOREgroup, Inc.
April 30, 2024Monroe Capital LLC today announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of MOREgroup, Inc. (“MOREgroup”) by private equity sponsor Wind Point Partners.
-
Accord Financial Drives $25M Facility for Plastics Manufacturer
April 30, 2024Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD), announces the closing of a $25 million credit facility to help a plastics manufacturer support new business contracts as well as complete a strategic business acquisition.