First Citizens Bank today announced that its Maritime Finance business arranged up to $30 million for affiliates of MSea Capital to refinance MR product tankers. MSea Capital founded in 2012 is an international maritime investment and asset manager with expertise in tanker and commodity shipping.

White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”) have closed a new $287.5 million 3-year Senior Secured Credit Facility with Majestic Steel USA Inc., a Midwest based distributor and value-added service provider of flat-rolled steel products with operations throughout the United States (“Majestic Steel” and “the Company”), acting as Sole Arranger and Bookrunner.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Really Great Reading Company, Inc. (“RGR”) by The Vistria Group.

Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), announced today it has completed the onboarding of a nearly 30-member venture banking team formerly employed by Signature Bank. Initially, this team will handle the transfer and servicing of about 150 loans in Customers Bank’s recently acquired $631 million venture banking loan portfolio but are expected to gather significant deposits from these clients and grow Customers Bank’s Tech & Venture and Fund Finance lines of business.

Gibraltar Business Capital is proud to announce it has hired S.N. Thomas, a lending expert with 25+ years’ experience, as an SVP and Underwriting Manager. ​ As part of his extensive career, Thomas spent over 20 years at Wells Fargo, primarily in the asset-based lending group.

Golub Capital announced several promotions within its Direct Lending team, positioning the Firm for continued growth of its market-leading sponsor finance platform.

Siena Lending Group LLC ("Siena") announces the completion of a $35.0 million revolving credit facility for Nutritional. The facility was used to refinance Nutritional’s existing senior debt and support their working capital needs.

Flatbay Capital funded a $1,000,000 owner-occupied commercial real estate bridge loan for a family-owned roofing company based in Central Texas. The client offers roof repairs, full roof replacement, modified bitumen, and metal roofing.

-Marathon Asset Management (“Marathon”), a leading global credit investment manager, today announced the final close for Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending (“ABL”) fund. The Fund, which was oversubscribed, accepted $1.7 billion of capital commitments from a global base of institutional and high net worth investors.

Global security leader Forcepoint today announced it has signed a definitive agreement to sell the Company’s Global Governments and Critical Infrastructure (G2CI) business to TPG, a global alternative asset management firm. The transaction will separate Forcepoint’s Commercial and G2CI businesses and will establish G2CI as an independent entity.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that, following its June 15, 2023 announcement of a non-binding term sheet, it has entered into a binding definitive credit agreement (the "Credit Agreement") with the Business Development Bank of Canada ("BDC") for project financing of up to C$8.75 million in non-revolving senior secured debt (the "BDC Financing").

IGC Pharma, Inc. (NYSE American: IGC) (“IGC” or the “Company”), a clinical-stage pharmaceutical company, has secured a $12 million revolving line of credit from the Hong Kong Branch of O-Bank Co., Ltd. (“O-Bank” or the “Bank”). This funding will support IGC’s working capital needs primarily related to its Alzheimer’s research.

US Capital Global is pleased to announce the appointment of Sal Saqeb as Vice President. With an impressive background in finance and a track record of driving strategic growth, Mr. Saqeb will play a leading role in expanding the group’s market presence in Asia and delivering exceptional value to its international clients.

Barclays today announced the appointment of Jim Birchenough, MD, as Chairman of Global Healthcare Investment Banking and Co-Head of Global Biopharma Investment Banking, based in San Francisco.

Bausch Health Companies Inc. (NYSE/TSX:BHC) and KKR today announced that Bausch Receivables Funding LP, an Ontario limited partnership and wholly-owned subsidiary of Bausch Health, has entered into a $600 million non-recourse financing facility with KKR and its credit funds and accounts.

Ralph Lauren said Friday that it entered into a five-year revolving credit facility of up to $750 million with JPMorgan Chase Bank.

Hunton Andrews Kurth LLP acted as counsel to Lifestyle Communities (“LC”) in a multi-draw term loan facility (the “Loan Facility”) provided by Ares Alternative Credit Management LLC to be primarily used to finance LC’s development and operation of apartment communities.

Chad Rawls has taken on the newly created role of chief commercial banking officer. Earlier this year, Chris White was named chief community banking officer. Veteran credit officers Josh Herron and Steve Wade have been tapped to lead Simmons' well established credit function.

Truist Securities and PNC Capital Markets LLC acted as Joint Bookrunners and Joint Lead Arrangers for the Term Loan. Capital One, National Association, Mizuho Bank, Ltd. and The Bank of Nova Scotia served as Joint Lead Arrangers and Co-Documentation Agents. Bank of America, N.A. and Stifel Bank & Trust also participated in the Term Loan.

Renzo Capital announced they have agreed to provide $80 million in financing via a senior secured credit facility to HG Capital. The facility is expected to be used to refinance the debt held by the company’s current lender as well as for general corporate purposes.