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Golub Capital Launches Insurance Solutions Team
April 30, 2024Golub Capital today announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners. Jennifer Potenta has joined the Firm to lead this newly formed team as Managing Director, Head of Insurance Solutions.
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KKR’s Henry McVey Says Insurance CIOs Plan to Increase Allocations to Non-Traditional Assets
April 30, 2024KKR, a leading global investment firm, today released “No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
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UMB Announces Agreement to Acquire Heartland Financial
April 30, 2024UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial, USA Inc. (Nasdaq: HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion.
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Private Equity and Venture Capital Industry Shows Resilience and Optimism in 2024 Amidst Shifting Market Dynamics According to S&P Global Market Intelligence Survey
April 30, 2024The private equity industry is showing resilience and optimism for 2024 despite shifting market dynamics, according to the S&P Global Market Intelligence 2024 Private Equity and Venture Capital Outlook.
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Rocky Brands, Inc. Announces Comprehensive Debt Refinancing
April 30, 2024Rocky Brands, Inc. (NASDAQ: RCKY), a leading designer, manufacturer and marketer of premium quality footwear and apparel, today announced the signing of a definitive debt refinance agreement with Bank of America, as agent.
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Scotiabank Appoints Travis Machen to Lead Global Banking and Markets Business
April 30, 2024Scotiabank today announced that Travis Machen has been appointed CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024.
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Slim Capital Achieves Impressive Record Braking First Quarter Milestones with Significant Growth
April 30, 2024SLIM Capital, headquartered in Beverly Hills, California, a distinguished leader in the finance industry, is thrilled to announce a groundbreaking quarter, with Q1 2024 witnessing an exceptional surge in origination volume and a record-breaking influx of deal submissions.
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NOG Announces Expansion of Revolving Credit Facility
April 29, 2024Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, NOG entered into an amendment to the Facility that leaves the borrowing base unchanged at $1.8 billion and increases the elected commitment amount to $1.5 billion (from $1.25 billion).
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Craft Retailer Joann Approved to Exit Bankruptcy, Slash $505 Million Debt
April 29, 2024Craft retailer Joann Inc received a U.S. bankruptcy judge's approval on Thursday for a restructuring that would eliminate $505 million in debt and keep all 815 retail locations open.
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LSQ Creates $20MM Invoice Finance Facility for Ohio-based Aerospace Tooling Manufacturer
April 29, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer.
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ExpoCredit Selects FGI T.R.U.S.T.™ for Credit Insurance Policy Administration
April 29, 2024FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that ExpoCredit Financial Group (“ExpoCredit”), a leading invoice factoring company since 1998, has selected FGI’s T.R.U.S.T.™ platform to automate the monitoring, managing and maintenance of internal and client-held credit insurance policies.
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Moritt Hock & Hamroff Sees Continued Growth With The Addition Of Three Attorneys To Its New York Offices
April 29, 2024Moritt Hock & Hamroff announced today the addition of three attorneys continuing the growth that the firm has experienced over the past year.
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Josh Register Joins United Capital Funding as Business Development Officer
April 29, 2024United Capital Funding Group LLC, a Florida-based accounts receivable financing firm and leading provider of accounts receivable factoring solutions, proudly announces the appointment of Josh Register as Business Development Officer. In his role, Register will spearhead the company's expansion efforts in Florida, with a primary focus on the state’s key markets – the Tampa Bay area, Jacksonville, Miami, and Orlando.
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First Citizens Names Sana Moheet Relationship Manager for Middle Market Banking
April 29, 2024First Citizens Bank today announced that its Middle Market Banking group has named Sana Moheet as a relationship manager focused on building new business in Texas and the surrounding areas.
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Santander Continues to Grow its Commercial Bank in the U.S.; Strengthens Multifamily Real Estate Portfolio and Leadership Team
April 29, 2024Santander Bank, N.A. (“Santander Bank” or “the Bank”) announced today it is now servicing 100 percent of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In December 2023, Santander Bank closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that will manage this portfolio following the failure of Signature Bank.
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State Street Private Markets Survey Finds Macro Challenges Not Dampening Demand; Public To Private Shift Set To Grow Further
April 29, 2024State Street Corporation (NYSE: STT) today released the results of its third annual private markets survey1, which explores the allocations of 480 institutional investors including traditional asset managers, private market managers, insurance companies, and asset owners across North America, Latin America, Europe, and Asia-Pacific.
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Fulton Financial Corporation Acquires Substantially All of the Assets And Assumes Substantially All of The Deposits Of Republic First Bank From The FDIC
April 29, 2024Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced that its bank subsidiary, Fulton Bank, N.A. (“Fulton”), has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank (“Republic Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”).
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Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement
April 29, 2024Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement (“Second Lien Credit Agreement”) with Guggenheim Credit Funding, LLC, on behalf of one or more clients.
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M&T Bank and Sunstone Credit Announce Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing
April 29, 2024Sunstone Credit, Inc., a commercial solar loan platform that helps businesses switch to clean energy, today announced a program with M&T Bank (NYSE:MTB) to give more businesses access to easy, affordable solar financing.
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CIBC Innovation Banking Provides Credit Facilities to Q4 Inc.
April 29, 2024CIBC Innovation Banking announced today that it has provided credit facilities to support Sumeru Equity Partners’ (Sumeru) strategic investment in Toronto-based Q4 Inc. (“Q4” or the “Company”), the first IR Ops Platform.
-
Golub Capital Launches Insurance Solutions Team
April 30, 2024Golub Capital today announced the launch of its Insurance Solutions team, a group of dedicated insurance and asset management professionals who will expand the way the Firm works with insurance company partners. Jennifer Potenta has joined the Firm to lead this newly formed team as Managing Director, Head of Insurance Solutions.
-
KKR’s Henry McVey Says Insurance CIOs Plan to Increase Allocations to Non-Traditional Assets
April 30, 2024KKR, a leading global investment firm, today released “No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
-
UMB Announces Agreement to Acquire Heartland Financial
April 30, 2024UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial, USA Inc. (Nasdaq: HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion.
-
Private Equity and Venture Capital Industry Shows Resilience and Optimism in 2024 Amidst Shifting Market Dynamics According to S&P Global Market Intelligence Survey
April 30, 2024The private equity industry is showing resilience and optimism for 2024 despite shifting market dynamics, according to the S&P Global Market Intelligence 2024 Private Equity and Venture Capital Outlook.
-
Rocky Brands, Inc. Announces Comprehensive Debt Refinancing
April 30, 2024Rocky Brands, Inc. (NASDAQ: RCKY), a leading designer, manufacturer and marketer of premium quality footwear and apparel, today announced the signing of a definitive debt refinance agreement with Bank of America, as agent.
-
Scotiabank Appoints Travis Machen to Lead Global Banking and Markets Business
April 30, 2024Scotiabank today announced that Travis Machen has been appointed CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024.
-
Slim Capital Achieves Impressive Record Braking First Quarter Milestones with Significant Growth
April 30, 2024SLIM Capital, headquartered in Beverly Hills, California, a distinguished leader in the finance industry, is thrilled to announce a groundbreaking quarter, with Q1 2024 witnessing an exceptional surge in origination volume and a record-breaking influx of deal submissions.
-
NOG Announces Expansion of Revolving Credit Facility
April 29, 2024Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, NOG entered into an amendment to the Facility that leaves the borrowing base unchanged at $1.8 billion and increases the elected commitment amount to $1.5 billion (from $1.25 billion).
-
Craft Retailer Joann Approved to Exit Bankruptcy, Slash $505 Million Debt
April 29, 2024Craft retailer Joann Inc received a U.S. bankruptcy judge's approval on Thursday for a restructuring that would eliminate $505 million in debt and keep all 815 retail locations open.
-
LSQ Creates $20MM Invoice Finance Facility for Ohio-based Aerospace Tooling Manufacturer
April 29, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $20 million account receivable credit facility for an Ohio-based aerospace tooling and precision assemblies manufacturer.
-
ExpoCredit Selects FGI T.R.U.S.T.™ for Credit Insurance Policy Administration
April 29, 2024FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that ExpoCredit Financial Group (“ExpoCredit”), a leading invoice factoring company since 1998, has selected FGI’s T.R.U.S.T.™ platform to automate the monitoring, managing and maintenance of internal and client-held credit insurance policies.
-
Moritt Hock & Hamroff Sees Continued Growth With The Addition Of Three Attorneys To Its New York Offices
April 29, 2024Moritt Hock & Hamroff announced today the addition of three attorneys continuing the growth that the firm has experienced over the past year.
-
Josh Register Joins United Capital Funding as Business Development Officer
April 29, 2024United Capital Funding Group LLC, a Florida-based accounts receivable financing firm and leading provider of accounts receivable factoring solutions, proudly announces the appointment of Josh Register as Business Development Officer. In his role, Register will spearhead the company's expansion efforts in Florida, with a primary focus on the state’s key markets – the Tampa Bay area, Jacksonville, Miami, and Orlando.
-
First Citizens Names Sana Moheet Relationship Manager for Middle Market Banking
April 29, 2024First Citizens Bank today announced that its Middle Market Banking group has named Sana Moheet as a relationship manager focused on building new business in Texas and the surrounding areas.
-
Santander Continues to Grow its Commercial Bank in the U.S.; Strengthens Multifamily Real Estate Portfolio and Leadership Team
April 29, 2024Santander Bank, N.A. (“Santander Bank” or “the Bank”) announced today it is now servicing 100 percent of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In December 2023, Santander Bank closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that will manage this portfolio following the failure of Signature Bank.
-
State Street Private Markets Survey Finds Macro Challenges Not Dampening Demand; Public To Private Shift Set To Grow Further
April 29, 2024State Street Corporation (NYSE: STT) today released the results of its third annual private markets survey1, which explores the allocations of 480 institutional investors including traditional asset managers, private market managers, insurance companies, and asset owners across North America, Latin America, Europe, and Asia-Pacific.
-
Fulton Financial Corporation Acquires Substantially All of the Assets And Assumes Substantially All of The Deposits Of Republic First Bank From The FDIC
April 29, 2024Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”) today announced that its bank subsidiary, Fulton Bank, N.A. (“Fulton”), has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank (“Republic Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”).
-
Great Lakes Announces New $150,000,000 Second-Lien Financing Agreement
April 29, 2024Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced that it has entered into a $150,000,000 5-year, senior secured second-lien credit agreement (“Second Lien Credit Agreement”) with Guggenheim Credit Funding, LLC, on behalf of one or more clients.
-
M&T Bank and Sunstone Credit Announce Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing
April 29, 2024Sunstone Credit, Inc., a commercial solar loan platform that helps businesses switch to clean energy, today announced a program with M&T Bank (NYSE:MTB) to give more businesses access to easy, affordable solar financing.
-
CIBC Innovation Banking Provides Credit Facilities to Q4 Inc.
April 29, 2024CIBC Innovation Banking announced today that it has provided credit facilities to support Sumeru Equity Partners’ (Sumeru) strategic investment in Toronto-based Q4 Inc. (“Q4” or the “Company”), the first IR Ops Platform.