Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced the successful closing of a new senior secured revolving credit facility with East West Bank serving as agent and the initial lender (the “Revolving Credit Facility”).

Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines, today announced that on November 6, 2024, the Company entered into a new $30 million credit facility with Avenue Venture Opportunities Fund, L.P., a fund of Avenue Capital Group.

Winston & Strawn LLP represented SPAC Advisory Partner LLC, Inc., as underwriters' counsel, in connection with GSR III Acquisition Corp., a blank check company, in the closing of its initial public offering of 20,000,000 units.

PPL Group executed a successful two-day auction, selling over 1,000 lots of equipment and inventory, including fabrication, welding, and laser cutting machinery, and $1.5MM+ of kitchen appliances including refrigerators, freezers, and fryers for a Florida company who was previously the largest American manufacturer of food trucks.

REV Capital (“REV”), a leading provider of cashflow solutions to growing companies in North America, announced the successful implementation of a $15MM factoring facility to a prominent transportation company in Ontario.

The Hedaya Capital Group recently provided a $750,000 factoring facility to an established staffing company based in New Jersey but operating nationwide. The Disability-Owned Business Enterprise (DOBE) provides temporary business professionals for the information technology, business services, engineering, manufacturing, scientific, healthcare, legal, and finance industries across multiple verticals through a centralized recruiting and delivery model.

Steeplechase Advisors, LLC is a nationally recognized turnaround consulting, restructuring and transaction advisory firm. We focus extensively on middle market businesses. As part of our continued growth, we are pleased to welcome Ms. Heather Rachel to our consulting team.

First Business Bank's Accounts Receivable Financing group announces the implementation of robotic automation, powered by AI. Nicknamed "Astro," the automation system processes a substantial volume of factoring client cash transactions. The company plans to expand its implementation across multiple factoring operations in the future.

Needham Bank is pleased to announce that Brad Buckley has joined the Commercial & Industrial Lending (C&I) team as Senior Vice President, Senior Relationship Manager, Middle Market. Reporting to Brian Sutton, Senior Vice President, Director of Middle Market, Mr. Buckley is responsible for initiating and developing relationships with Middle Market C&I customers, actively managing loan requests from the application stage to funding.

Orthofix Medical Inc. (NASDAQ:OFIX), a leading global medical technology company, today announced the entry into a new credit agreement providing the Company with up to $275 million in a senior-secured term loan with a 48-month interest only period.

Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $40 million asset-based credit facility to Spray Products Corporation (“Spray Products” or the “Company”), a family-owned contract manufacturer of aerosol and liquid consumer products.

Latham & Watkins LLP1 is pleased to announce that 24 associates have been elected to the partnership and another 27 associates have been promoted to the role of counsel, effective January 1, 2025. The associate promotions announced today follow the election of 19 counsel to the partnership earlier this year.

Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm, and PhenixFIN Corporation (“PhenixFIN”), a publicly traded business development company (NASDAQ: PFX), today announced that they have partnered with Insight Equity (“Insight”) to provide a senior secured credit facility and preferred equity facility to support the refinancing of MB Precision Investment Holdings LLC (“Precision” or the “Company”) d/b/a Midstate Machine.

Monroe Capital LLC (“Monroe”) today announced the closing of its inaugural collateralized fund obligation (“CFO”) known as Monroe Capital CFO I, Ltd. The $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies, including Monroe’s flagship senior secured direct lending and alternative credit solutions platforms, in both rated and non-rated securities.

Garnet Capital Advisors, a leading loan sale advisor, is pleased to announce the successful sale of a $54 million C&I loan portfolio on behalf of one of the 25 largest commercial U.S. financial holding companies.

Indivior Plc has entered into a refinancing agreement that would allow it to push back the maturity on its existing term loan with new six-year debt facilities.

Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced it successfully completed a new $40 million revolving credit facility with a major commercial regional bank. The credit line will be available to be drawn down as needed for general corporate purposes and working capital needs.

Holland & Knight has strengthened its Financial Services Team with the addition of Patricia "Tricia" Duffy as a partner in Washington, D.C. Ms. Duffy represents sponsors, equity investors, developers and lenders in the development, construction and financing of energy and infrastructure projects, including solar, wind, battery storage, hydroelectric and other renewable energy projects.

Katten announced today that Maximilien Pucci-Sisti Maisonrouge has joined its Private Credit practice as a partner in New York. There, he will apply his proven ability to navigate complex transactions and provide key guidance on various deal types, assisting the group's longtime work with many of the most active investors in the market.

Total bankruptcy filings were 47,104 in October 2024, a 16 percent increase from the October 2023 total of 40,674, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.