Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today announced the acquisition of Sallyport Commercial Finance, LLC (“Sallyport” or “SCF”) in an all cash transaction that closed on October 31, 2024 and is valued at approximately $53.9 million.

Franchise Group, Inc. ("FRG" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with holders of approximately 80% of its first lien debt on a comprehensive solution to strengthen FRG's capital structure and best position its leading brands – Pet Supplies Plus, The Vitamin Shoppe, and Buddy's Home Furnishings – for continued sustainable growth.

TGI Fridays Inc. (the "Company"), the owner and operator of 39 domestic restaurants in the TGI Friday's casual dining chain, today filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas.

Lendscape, a global leader in secured finance technology, is pleased to announce the appointment of Patrick Myles as Chief Technology Officer. With over 25 years of experience in senior technology leadership roles, Myles will spearhead Lendscape’s continued innovation and product development, ensuring its solutions remain at the forefront of the fintech industry.

Robert Meyers, President of Republic Business Credit, was recently elected as President of the Secured Finance Network (SFNet), the essential resource for all organizations and professionals that deliver and enable secured finance to businesses.

Leading global professional services firm Alvarez & Marsal (A&M) announces the appointment of John Fiorentino as a Managing Director within the firm’s Private Equity Performance Improvement (PEPI) group. Mr. Fiorentino’s expertise unlocking procurement and supply chain-driven value creation, in support of private equity (PE) firms and their portfolio companies, provides the perfect blend of experience to expand A&M’s Procurement and Sourcing group’s strategic capabilities.

Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a $50 million growth capital facility to Bugcrowd, a leading provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organizations and hackers to mitigate vulnerabilities across all applications, systems, and infrastructure.

Gunvor Group, one of the largest independent energy commodities trading companies worldwide, has successfully closed its inaugural United States (US) Private Placement, totalling US $378.5 million of senior unsecured notes with US institutional investors placed under Section 4(a)(2) of the Securities Act.

Jupiter Power LLC ("Jupiter Power"), a leading developer and operator of utility-scale battery energy storage systems, announced today the successful close of a $225 million corporate credit facility.

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $599 million collateralized loan obligation (“CLO”) to be managed by GLM III.

J D Factors provided $22,275,000 in new factoring facilities to 48 new clients in the US and Canada during the month of October. Some of these facilities include: A $750,000 factoring facility for a hosiery manufacturing company in North Carolina. A $200,000 factoring facility for an wildfire suppression equipment company in California.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced a definitive agreement whereby BC Partners Credit will acquire Runway.

Mayer Brown announced today that prominent private credit lawyer Sheel Patel has joined the firm as a partner, where he will serve as head of the Private Credit practice in New York. Sheel joins from King & Spalding, where he was a key partner in its Private Credit and Special Situations group.

Celtic Capital Corporation today announced its most recent new client relationship – a Pacific-based company manufacturing components for the electronics and communications industry.

Global M&A Network has named A&G Real Estate Partners “Real Estate Advisory Firm of the Year”—the fifth consecutive year in which A&G has received the honor—as part of its 16th Annual Turnaround Atlas Awards.

Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, announces an investment in Health Monitor Network (“Health Monitor” or the “Company”).

Sallyport Commercial Finance is proud to announce a new funding for a Canadian client in the wholesale and distribution industry, providing them with $250,000 in Accounts Receivable (AR) financing. The client turned to Sallyport for support in relaunching their business post-COVID.

Flagstar Bank, N.A., (the "Bank") a subsidiary of Flagstar Financial, Inc. (NYSE: FLG) (the "Company") today announced the appointment of two senior leaders to its technology and risk teams, effective immediately.

Associated Banc-Corp (NYSE: ASB) ("Associated") announced today the appointment of Phillip Trier and Gregory Warsek to its Executive Leadership Team (ELT), effective November 1, 2024.

CIBC Innovation Banking announced today it has provided US$20 million in growth capital to Procurify, a leader in proactive spend management solutions. This funding will support Procurify’s continued development of innovative procurement technologies and its mission to enhance organizational spend transparency and efficiency.