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Yum! Brands, Inc. Completes Refinancing of Senior Secured Credit Facilities
April 29, 2024Yum! Brands, Inc. (NYSE: YUM) (the “Company”) today announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have completed the refinancing of the existing approximately $713 million term loan A facility and $1.25 billion revolving facility (the “Existing Facilities”) through the issuance of a $500 million term loan A (the “Term A Loan”) and a $1.50 billion revolving credit facility (the “Revolving Facility”) pursuant to an amendment to the underlying credit agreement (the “Amendment”).
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Silver Creek Capital Hires Nathan Kelso as Chief Technology Officer
April 29, 2024Silver Creek Capital Management (“Silver Creek” or the “Firm”), an alternative investment boutique focused on developing unique investment solutions for institutional and sophisticated investors globally, today announced that Nathan Kelso has joined the Firm as Chief Technology Officer. For more than a decade, Mr. Kelso was Chief Information Security Officer of Research Affiliates, a global leader in smart beta and asset allocation, and earlier served in a senior information technology role at BlackRock.
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New Federal Rule Would bar ‘Noncompete’ Agreements for Most Employees
April 29, 2024U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court.
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Republic Business Credit Provides $1.5 Million Recourse Factoring Facility to Sustainable FoodTech Manufacturer
April 29, 2024Republic Business Credit is excited to announce its partnership with a science-based food company that needed additional working capital to expand into new retail channels. To help the manufacturer, Republic provided a $1.5 million recourse factoring facility, which will supply the company with the working capital to pay its vendors in a timely manner.
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NXT Capital Credit Facility Provides to Shoreline Equity Partners’ Acquisition of Prime Meats
April 29, 2024NXT Capital announced today that it has provided a unitranche credit facility to support Shoreline Equity Partners’ acquisition of Prime Meats, LLC. NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.
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Change Capital Welcomes Paul Durosko as Head of Lending Operations
April 29, 2024Change Capital is pleased to announce the appointment of Paul Durosko as Senior Vice President and Head of Lending Operations. With over three decades of experience in the commercial finance and lending industry, Mr. Durosko brings a wealth of expertise to the firm, an innovative and fast-growing commercial lender and capital provider.
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Axiom Bank Expands Factoring Team with Addition of Norman Brame of Charlotte, NC
April 29, 2024Axiom Commercial Finance, a subsidiary of Axiom Bank, a Maitland-based bank, has just expanded its team once again, with the hiring of Norman Brame as Vice President, Business Development Officer in its factoring division, headquartered in Dallas.
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
April 29, 2024Altriarch Asset Management, LLC (“Altriarch”), a private credit manager headquartered in Charleston, South Carolina, continues to redefine the landscape of factoring with its innovative and bespoke financing solutions in 2024.
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Business First Bancshares, Inc. to Acquire Oakwood Bancshares, Inc. and Oakwood Bank
April 29, 2024Business First Bancshares, Inc. (NASDAQ: BFST) (“Business First” or the “Company”), the holding company for b1BANK, today announced that it entered into a definitive agreement to acquire Oakwood Bancshares, Inc. and its wholly-owned bank subsidiary, Oakwood Bank (together, Oakwood), in an all-stock transaction for total consideration value of approximately $85.7 million based on the Company’s closing price of $21.57 per share on April 22, 2024.
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Star Equity Holdings Announces its KBS Builders Business Unit Closed a $4 Million Revolving Line of Credit with KeyBank
April 29, 2024Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business unit has closed a $4 million revolving line of credit (“LOC”) with KeyBank National Association (“KeyBank”). KBS intends to use the LOC to meet its working capital requirements and execute its business plan.
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Brightwood Capital Provides Financing to Accelerate Allegiance Mobile Health’s Growth Strategy
April 29, 2024Allegiance Mobile Health (the “Company” or “AMH”), the largest private Texas-based provider of medical transportation and 911 emergency services, and Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm with over $5 billion in assets under management, today announced that Brightwood provided AMH with debt and equity financing to support the Company’s organic and inorganic growth strategy.
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Conterra Networks Completes $580 Million Debt Capital Raise
April 29, 2024Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks", "Conterra" or "the Company"), a national leader in providing fiber-optic network-based infrastructure and services, announced today the completion of a debt capital raise totaling $580 million, which will be used to refinance existing credit facilities, optimize Conterra's capital structure, and provide additional capacity to support Conterra's growth.
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Tillman Infrastructure Secures $1 Billion in Financing to Drive Growth
April 29, 2024Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion. The proceeds will be used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless internet service provider (WISP) customers' infrastructure needs.
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Methanex Renews and Adds New Tranche to Revolving Credit Facility
April 25, 2024Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has renewed its US$300 million revolving credit facility, which replaces the Company’s existing revolving facility, and added an additional US$200 million tranche. The facility has been arranged with a syndicate of banks and will expire April 24, 2028 with the US$200 million tranche expiring April 24, 2026. RBC Capital Markets was the Arranger for the facility.
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Blackstone Selling Student Housing Portfolio to KKR for $1.6B
April 25, 2024Blackstone Real Estate Income Trust (BREIT) is selling a portfolio of 19 student-housing properties to funds managed by KKR for $1.64B. The portfolio, which encompasses more than 10,000 beds, includes purpose-built student housing assets anchored to 14 four-year public universities across 10 states, the companies announced on Thursday.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces That Douglas Slagle has Joined the Company
April 25, 2024SLR Equipment Finance is pleased to announce Douglas Slagle has joined our company as Senior Vice President, Direct Sales. In his role, Douglas will help grow SLR Equipment Finance’s leasing and lending activities in California, Oregon, Washington, Idaho, Nevada, Arizona, Utah, Wyoming, Montana, & Alaska. Douglas began his career with Matrix Funding Corporation.
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Brean Capital Serves as Co-Manager on $75.0 Million Securitization for Credibly
April 25, 2024Credibly, the fintech lending company that champions small and medium-sized businesses (SMBs), announced the successful close of its third securitization totaling $75 million in additional funding capacity. This milestone marks a significant achievement for the Company, with KBRA assigning a “AA” credit rating to the senior notes.
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Mitsubishi HC Capital America Reveals Key Factors Shaping Adoption of Robotics-as-a-Service in 2024
April 25, 2024As robotics and automation expand rapidly into industries from healthcare to warehousing to food service, recent research shows that the global robotics-as-a-service (RaaS) market is projected to grow at a CAGR of 17.4% through 2028 to more than $4 billion.
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US Capital Global Securities Announces $10MM Convertible Note Offering for Global Award-Winning Premium Tequila Brand
April 25, 2024US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to announce an exclusive investment opportunity for eligible investors. A convertible note offering of up to $10 million is now available for participation in Etéreo Tequila Spirit Limited (“Etéreo”), an award-winning Tequila brand that aims to redefine luxury with its fusion of Mexican heritage, European sophistication, and Mediterranean lifestyle.
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Monroe Capital Supports Trivest Partners’ Epika Fleet Services
April 25, 2024Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the future growth of Epika Fleet Services (“Epika”), an existing portfolio company of Trivest Partners.
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Yum! Brands, Inc. Completes Refinancing of Senior Secured Credit Facilities
April 29, 2024Yum! Brands, Inc. (NYSE: YUM) (the “Company”) today announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have completed the refinancing of the existing approximately $713 million term loan A facility and $1.25 billion revolving facility (the “Existing Facilities”) through the issuance of a $500 million term loan A (the “Term A Loan”) and a $1.50 billion revolving credit facility (the “Revolving Facility”) pursuant to an amendment to the underlying credit agreement (the “Amendment”).
-
Silver Creek Capital Hires Nathan Kelso as Chief Technology Officer
April 29, 2024Silver Creek Capital Management (“Silver Creek” or the “Firm”), an alternative investment boutique focused on developing unique investment solutions for institutional and sophisticated investors globally, today announced that Nathan Kelso has joined the Firm as Chief Technology Officer. For more than a decade, Mr. Kelso was Chief Information Security Officer of Research Affiliates, a global leader in smart beta and asset allocation, and earlier served in a senior information technology role at BlackRock.
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New Federal Rule Would bar ‘Noncompete’ Agreements for Most Employees
April 29, 2024U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court.
-
Republic Business Credit Provides $1.5 Million Recourse Factoring Facility to Sustainable FoodTech Manufacturer
April 29, 2024Republic Business Credit is excited to announce its partnership with a science-based food company that needed additional working capital to expand into new retail channels. To help the manufacturer, Republic provided a $1.5 million recourse factoring facility, which will supply the company with the working capital to pay its vendors in a timely manner.
-
NXT Capital Credit Facility Provides to Shoreline Equity Partners’ Acquisition of Prime Meats
April 29, 2024NXT Capital announced today that it has provided a unitranche credit facility to support Shoreline Equity Partners’ acquisition of Prime Meats, LLC. NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.
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Change Capital Welcomes Paul Durosko as Head of Lending Operations
April 29, 2024Change Capital is pleased to announce the appointment of Paul Durosko as Senior Vice President and Head of Lending Operations. With over three decades of experience in the commercial finance and lending industry, Mr. Durosko brings a wealth of expertise to the firm, an innovative and fast-growing commercial lender and capital provider.
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Axiom Bank Expands Factoring Team with Addition of Norman Brame of Charlotte, NC
April 29, 2024Axiom Commercial Finance, a subsidiary of Axiom Bank, a Maitland-based bank, has just expanded its team once again, with the hiring of Norman Brame as Vice President, Business Development Officer in its factoring division, headquartered in Dallas.
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
April 29, 2024Altriarch Asset Management, LLC (“Altriarch”), a private credit manager headquartered in Charleston, South Carolina, continues to redefine the landscape of factoring with its innovative and bespoke financing solutions in 2024.
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Business First Bancshares, Inc. to Acquire Oakwood Bancshares, Inc. and Oakwood Bank
April 29, 2024Business First Bancshares, Inc. (NASDAQ: BFST) (“Business First” or the “Company”), the holding company for b1BANK, today announced that it entered into a definitive agreement to acquire Oakwood Bancshares, Inc. and its wholly-owned bank subsidiary, Oakwood Bank (together, Oakwood), in an all-stock transaction for total consideration value of approximately $85.7 million based on the Company’s closing price of $21.57 per share on April 22, 2024.
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Star Equity Holdings Announces its KBS Builders Business Unit Closed a $4 Million Revolving Line of Credit with KeyBank
April 29, 2024Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its KBS Builders, Inc. (“KBS”) business unit has closed a $4 million revolving line of credit (“LOC”) with KeyBank National Association (“KeyBank”). KBS intends to use the LOC to meet its working capital requirements and execute its business plan.
-
Brightwood Capital Provides Financing to Accelerate Allegiance Mobile Health’s Growth Strategy
April 29, 2024Allegiance Mobile Health (the “Company” or “AMH”), the largest private Texas-based provider of medical transportation and 911 emergency services, and Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm with over $5 billion in assets under management, today announced that Brightwood provided AMH with debt and equity financing to support the Company’s organic and inorganic growth strategy.
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Conterra Networks Completes $580 Million Debt Capital Raise
April 29, 2024Conterra Ultra Broadband Holdings, Inc. ("Conterra Networks", "Conterra" or "the Company"), a national leader in providing fiber-optic network-based infrastructure and services, announced today the completion of a debt capital raise totaling $580 million, which will be used to refinance existing credit facilities, optimize Conterra's capital structure, and provide additional capacity to support Conterra's growth.
-
Tillman Infrastructure Secures $1 Billion in Financing to Drive Growth
April 29, 2024Tillman Infrastructure, LLC ("Tillman Infrastructure"), a leading provider of wireless communication infrastructure, today announced the successful completion of a financing package totaling $1 billion. The proceeds will be used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless internet service provider (WISP) customers' infrastructure needs.
-
Methanex Renews and Adds New Tranche to Revolving Credit Facility
April 25, 2024Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has renewed its US$300 million revolving credit facility, which replaces the Company’s existing revolving facility, and added an additional US$200 million tranche. The facility has been arranged with a syndicate of banks and will expire April 24, 2028 with the US$200 million tranche expiring April 24, 2026. RBC Capital Markets was the Arranger for the facility.
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Blackstone Selling Student Housing Portfolio to KKR for $1.6B
April 25, 2024Blackstone Real Estate Income Trust (BREIT) is selling a portfolio of 19 student-housing properties to funds managed by KKR for $1.64B. The portfolio, which encompasses more than 10,000 beds, includes purpose-built student housing assets anchored to 14 four-year public universities across 10 states, the companies announced on Thursday.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces That Douglas Slagle has Joined the Company
April 25, 2024SLR Equipment Finance is pleased to announce Douglas Slagle has joined our company as Senior Vice President, Direct Sales. In his role, Douglas will help grow SLR Equipment Finance’s leasing and lending activities in California, Oregon, Washington, Idaho, Nevada, Arizona, Utah, Wyoming, Montana, & Alaska. Douglas began his career with Matrix Funding Corporation.
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Brean Capital Serves as Co-Manager on $75.0 Million Securitization for Credibly
April 25, 2024Credibly, the fintech lending company that champions small and medium-sized businesses (SMBs), announced the successful close of its third securitization totaling $75 million in additional funding capacity. This milestone marks a significant achievement for the Company, with KBRA assigning a “AA” credit rating to the senior notes.
-
Mitsubishi HC Capital America Reveals Key Factors Shaping Adoption of Robotics-as-a-Service in 2024
April 25, 2024As robotics and automation expand rapidly into industries from healthcare to warehousing to food service, recent research shows that the global robotics-as-a-service (RaaS) market is projected to grow at a CAGR of 17.4% through 2028 to more than $4 billion.
-
US Capital Global Securities Announces $10MM Convertible Note Offering for Global Award-Winning Premium Tequila Brand
April 25, 2024US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to announce an exclusive investment opportunity for eligible investors. A convertible note offering of up to $10 million is now available for participation in Etéreo Tequila Spirit Limited (“Etéreo”), an award-winning Tequila brand that aims to redefine luxury with its fusion of Mexican heritage, European sophistication, and Mediterranean lifestyle.
-
Monroe Capital Supports Trivest Partners’ Epika Fleet Services
April 25, 2024Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the future growth of Epika Fleet Services (“Epika”), an existing portfolio company of Trivest Partners.