With former Hancock Whitney Bank President Joe Exnicios’ official retirement on March 1, 2024, after 46 years of service, Hancock Whitney has named current Chief Operating Officer D. Shane Loper to succeed Exnicios as bank president.

After a recent Series A investment, a growing haircare company was looking to scale their retail relationships through a single major distributor. Given there was a concentration with one specific debtor, the company’s current lender was not supportive of their borrowing needs. A venture capital firm that led the Series A investment connected the company to Rosenthal.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of three asset-based lending transactions totaling $7.5 million. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions.

Expenses are consuming a larger portion of revenues at US corporations rated by S&P Global Ratings despite widespread efforts to trim day-to-day costs of doing business.

Akin advised Kennedy Lewis Investment Management in a new financing for VoltaGrid, an advanced energy management and generation company providing innovative electric power solutions. The financing will be used primarily for capital expenditures, working capital and other general corporate purposes.

Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities.

Xtant Medical Holdings, Inc. (NYSE American: XTNT), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced that the Company’s revolving credit agreement with MidCap Financial Trust (“MidCap”) was amended to increase the commitment from $8.0 million to $17.0 million.

Atlas Credit Partners, an asset management firm specializing in investing and partnering with medium-sized businesses, today announced a $65 Million Strategic Financing Facility to FitLab, a multi-brand fitness company whose fully integrated platform solves the siloed nature of the industry, with approximately $35 million funded at closing and $30 million of remaining availability.

Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Elizabeth Sipes as a partner in the firm’s Private Funds Group in the Transactions Department, based in the Denver office. Sipes brings to the firm more than 20 years of experience representing and advising private investment funds, investment advisers, and institutional investors.

CIBC Innovation Banking announced today that it has provided growth financing to Swoogo, a leading provider of event management software for in person, digital and hybrid events. Swoogo will use the funding to solidify their position and offering for enterprise event management, helping organizers run events at scale.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of three asset based lending transactions totaling $7.5 million. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions.

--Xeris Biopharma Holdings, Inc. (Nasdaq: XERS), a growth-oriented biopharmaceutical company committed to improving patients’ lives by developing and commercializing innovative products across a range of therapies, today announced it has entered into an amended and restated senior secured term loan agreement (“debt facility”) with funds managed by Hayfin Capital Management LLP.

Turning Point Management Advisors, a provider of business recovery solutions, turnarounds and M & A advisory services, appointed Heather Rachel director of business development in the U.S.

Henry Industries is a full-service nationwide provider of warehouse, distribution center and logistics services.

Cash Flow Resources, LLC (CFR) is pleased to announce the promotion of Ashton Laborde, to Chief Operating Officer (COO). Ashton has spent more than 12 years at CFR understanding client needs and helping them stabilize their cash flow to better control their business.

Synovus Bank has named Jonathan O’Connor as its chief third-party payments officer and CEO of Maast, effective Feb. 29, 2024. In his role, O’Connor will lead the bank’s third-party payments, including merchant services and sponsorships, to expand growth opportunities in the payments space. He also will lead Maast, a wholly-owned subsidiary of the bank, to further bolster banking-as-a-service and embedded finance solutions nationwide.

Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) for Billhighway (or the “Company”), a Troy, Mich.-based provider of finance management technology solutions for fraternal organizations and associations, and private equity firm Lovell Minnick Partners (“LMP”).

Carputty (“Carputty” or the “Company”), a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse facility with Silicon Valley Bank (SVB), a division of First Citizens Bank.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Yvette Connor has joined the firm as Principal and Risk Advisory Practice Leader along with members of her core team. In addition to leading the practice and advising clients, she will be driving strategic growth through the launch of an Enterprise Risk Management service line that will complement the firm’s current Risk Advisory offerings.

Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, announces the formation of GarageCo Holdings, LLC (“GarageCo” or the “Company”), the fifth platform company of its recently closed $2.1 Billion Fund V.