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  • Siena Announces $122M in New Facilities During Q3 2021
    Oct 27, 2021
    Siena Lending Group announced it closed two deals in Q3 2021 for $110 million for companies in media services and mobile accessories.  Siena Healthcare Finance announced it closed a $12 million deal for a company in the pharmaceuticals industry during Q3.
  • PNC Bank Further Expands Regional President Model In California, Names Leaders For Orange County-Inland Empire, Greater Los Angeles Metropolitan Area

    PNC Bank, N.A. announced the appointment of two new regional presidents in California, further expanding its local leadership and decision-making model in the state.

    Jarrod Ingle joins PNC as the regional president and head of Corporate Banking for the Orange County-Inland Empire market and Todd Wilson assumes responsibilities as regional president for the Greater Los Angeles Metropolitan Area. 

  • Siena Healthcare Finance Hires Managing Director, Chief Risk Officer
    Oct 25, 2021
    Siena Healthcare Finance is pleased to announce the addition of Dan Whitwer as managing director and chief risk officer.

    Located in Los Angeles, Dan brings over 20 years of experience in asset-based lending to Siena. Prior to joining the Healthcare team, he served in senior executive positions at both Wells Fargo Capital Finance and Wells Fargo Healthcare Finance. Most recently, he led a team at Wells Fargo managing a $1 billion portfolio of asset-backed loans to healthcare companies.
  • tim_stute_square An Interview with Tim Stute, Managing Director and Head of Specialty Finance, Hovde Group

    In this installment of our series of executive interviews, Charlie Perer sits with Tim Stute to understand his views on the ABL industry, consolidation, new trends including specialization and state of the M&A market, among other things.

  • Kristin Lesher Named Head of Middle Market Banking for Wells Fargo
    Oct 25, 2021

    Wells Fargo & Company (NYSE: WFC) today announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking, effective immediately. She reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.

    An industry leader in serving middle market companies, Wells Fargo provides financial solutions and specialized expertise across industries including agribusiness, food and hospitality, healthcare, investor real estate, government banking and technology. 

  • CIT Serves as Sole Lead Arranger for Up to $95 Million in Financing for Relaunch of Castle Rock Entertainment
    Oct 21, 2021

    CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business served as sole lead arranger and administrative agent on up to $95 million in financing toward the relaunch of noted Hollywood film production company Castle Rock Entertainment.

    Castle Rock was founded in 1987 by Academy Award nominated director Rob Reiner, who will remain as CEO of the relaunched firm, along with Martin Shafer, Andrew Scheinman, Glenn Padnick and Alan Horn. Reiner will be joined by Michele Reiner and Matthew George as co-presidents. The transaction includes a senior secured credit facility for $65 million with an accordion feature for up to $30 million more.

  • NneomaMaduike_150 Diversity in Secured Finance: Interview with Anthony C. Hood, PhD, First Horizon National Corp.

    Nneoma Maduike, member of SFNet’s Diversity, Equity & Inclusiveness Committee interviews Anthony C. Hood, PhD, executive vice president and chief diversity, equity and inclusion officer of First Horizon National Corp. Dr. Hood is responsible for cultivating and expanding First Horizon’s strategic leadership in developing and implementing programs and initiatives that advance the Company’s Diversity, Equity and Inclusion (DEI) efforts.

  • ePlus Announces New Credit Facility
    Oct 20, 2021
    ePlus inc. (NASDAQ: PLUS), a leading provider of technology and financing solutions, today announced that its subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently amended, restated and replaced in their entirety their existing credit agreements with Wells Fargo Commercial Distribution Finance Corporation ("CDF").
  • Monroe Capital Appoints Zia Uddin as President
    Oct 19, 2021
    Monroe Capital LLC (“Monroe” or the “Firm”) today named Zia Uddin as its President. Mr. Uddin who is a Partner and Portfolio Manager, Institutional Portfolios, will continue to report to Ted Koenig, who will remain the firm’s Chairman and CEO.

    As President of Monroe, Mr. Uddin will oversee and implement Monroe’s long-term growth strategies. He will remain an active participant on the Firm Investment Committee as well as Co-Portfolio Manager, Institutional Portfolios, alongside newly appointed Co-Portfolio Manager, Chris Lund. He will continue to be responsible for the Firm’s Technology and Software investments. 
  • Ares Management Corporation Closes Oversubscribed Second Junior Capital Direct Lending Fund
    Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Private Credit Solutions II (“APCS II” or the “Fund”). APCS II was oversubscribed with $5.1 billion of commitments compared to its $4.0 billion target and is approximately 50% larger than its 2017 predecessor fund.
  • U.S. Bank Names Troy Remington as Chief Credit Officer
    U.S. Bank announced today that it has named Troy Remington as chief credit officer. Remington has been serving as interim chief credit officer since early August, when the former chief credit officer accepted a new leadership role within the company. Remington will report to Jodi Richard, U.S. Bank’s chief risk officer.
  • Capital One to Acquire TripleTree, LLC, Growing Capital Markets Capabilities
    Oct 14, 2021
    Capital One announced today it entered into a definitive agreement to acquire TripleTree, LLC (TripleTree), a leading investment banking advisory platform serving market-leading healthcare companies, headquartered in Minneapolis, MN, with offices in New York. TripleTree will join Capital One Commercial Bank’s growing Capital Markets group, bringing deep focus and tailored expertise serving healthcare technology and services companies. Justin Roth, Head of Investment Banking, will continue to lead TripleTree.
  • NneomaMaduike_150 How Diverse Teams Make Successful Companies

    Nneoma Maduike of Otterbourg P.C. discusses the impact a diverse team can have on a company’s performance.

  • Tiger Finance Provides $8.2 Million Credit Facility to Outdoor Adventure Brands
    Oct 13, 2021

    Tiger Finance has closed on $8.2 million in growth financing for Outdoor Adventure Brands (OAB)—an ecommerce and retail company known for its Austin Canoe & Kayak stores in Texas and Summit Sports locations in Michigan.

    Private-equity sponsor Digital Fuel Capital, an ecommerce-focused investment firm, is an investor in the specialty sporting goods retail company.

  • Eileen Wubbe 150x150 SFNet Education Offers On-Demand Classes
    SFNet has a robust education program, including virtual and in-person classes. For those whose schedules make it difficult to fit in a class, SFNet now offers On-Demand classes to help those starting out or continuing their professional development in the industry on their own terms. Content can be consumed on a laptop, phone or tablet, making it easy to gain the knowledge you need to further your career whenever and wherever it works for you.
  • Carnival Corporation & plc Announces Upsizing and Pricing of $2.3 Billion Term Loan Facility for Refinancing, Saving Interest and Extending Maturities
    Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK) today announced that Carnival Corporation (the "Company") successfully completed the syndication of its $2.3 billion first-priority senior secured term loan facility ("Term Loan Facility"), which the Company intends to use to redeem its 11.5% First Priority Senior Secured Notes due 2023 (the "2023 Notes"). 

    JPMorgan Chase Bank, N.A. acted as sole global coordinator for the marketing of the Term Loan Facility. PJT Partners is serving as independent financial advisor to the Company.

  • White Oak Healthcare Finance Provides Financing to HighFive Healthcare to Support Growth Strategy
    Oct 11, 2021
    White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent of a senior credit facility to HighFive Healthcare (“HighFive”). HighFive is a specialty dental service organization (“DSO”) focused on acquiring high production endodontics and oral surgery dental practices in the southeastern U.S.
  • DunlopArt Ready, Set, Disclose? ESG Lending and The Middle Market

    The European Union’s recent passage of its Sustainability Financial Disclosure Regulation marks yet another milestone in the progression of environmental, social and governance matters. This article will review this regulation and related ESG disclosure requirements, together with other notable ESG developments, and discuss their impact on middle-market lenders.

  • SFNet Announces Important Convention Updates and Safety Protocols
    Oct 7, 2021
    As we surpass the 600 attendee threshold for SFNet's upcoming 77th Annual Convention, we’d like to share some important updates.
  • FrontWell Capital Partners Expands Deal Originations Team With Experienced Professionals
    FrontWell Capital Partners (“FrontWell”), a private credit fund that provides transitionary senior debt financing to middle-market companies in the United States and Canada, today announced that it has added to its team two experienced professionals with expertise in sourcing, structuring and executing creative financing solutions for middle-market companies. Lilies Lanway, an industry veteran with nearly 30 years of U.S. deal sourcing experience, will join FrontWell’s deal originations team as Senior Vice President, Head of U.S. Deal Originations, and Brandon Lalonde will join the team as an Associate, both effective on October 11, 2021.