After two years’ of extremely challenging conditions for this business due to the pandemic, Sallyport Commercial Finance is delighted to announce $1,750,000 in finance for an office furniture manufacturer. Manufacturing high quality office furniture from their factory in LA, the client was referred to Sallyport via a contact in the banking industry. The finance comprises $1,500,000 accounts receivable finance and a $250,000 cash flow loan.

Sallyport Commercial Finance, LLC announced it closed a $750,000 accounts receivable funding for a professional services business. The business is the U.S. subsidiary of a UK-headquartered marketing organization.

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, increased to 134 in the first quarter, up 9.4 points from the previous quarter. Easing inflation and solid household consumption underscored the increase in topline sentiment that is reflective of a resilient American economic expansion in the middle market as firms continue to navigate economic headwinds and crosscurrents.

Deerpath Capital Management, LP ("Deerpath"), one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America, today announced the closing of its Deerpath CLO 2023-1 ("the Fund"), a $504 million Collateralized Loan Obligation (CLO).

Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) announced today the closing of the previously announced merger with First Eagle Alternative Capital BDC, Inc. (“First Eagle BDC”) (formerly NASDAQ: FCRD). The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group (“Crescent”), has more than $1.6 billion of assets on a pro forma basis based on December 31, 2022 financial information.

City Holding Company (“City”) (Nasdaq: CHCO), the parent company of City National Bank of West Virginia, announced today that it has completed its acquisition of Citizens Commerce Bancshares, Inc., (“Citizens”) (OTC: CCVS), the parent company of Citizens Commerce Bank, headquartered in Versailles, Kentucky.

Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced the successful pricing and allocation of a 7-year $400 million senior secured Term Loan B (TLB). The TLB will bear interest at adjusted Term SOFR plus 4.00% with a SOFR floor of 50 bps.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM AR only facility to an IT Services Company. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and provide ongoing working capital for the Company’s growth targets.

Aurous Financial Services completed a $30 million revolving trade finance facility for a Texas-based client selling electronics to a Big Box retailer in Mexico for 2023. Jeff Sirchio, director of Loan Operations at Aurous states “We are excited to assist one of our AR lenders with a trade finance facility to support their client’s needs.”

Tuesday Morning Corp. (OTC: TUEMQ) (“Tuesday Morning” or the “Company”), a leading off-price retailer of home goods and décor, today announced that it has entered into a new $12.5 million senior secured debtor-in-possession (“DIP”) financing, which carries a superpriority, with 1903 Partners, LLC (together with its affiliates, “Gordon Brothers”).

Qualtrics (NASDAQ: XM), the leader and pioneer of the experience management (XM) software category, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with Canada Pension Plan Investment Board (CPP Investments), in an all-cash transaction that values Qualtrics at approximately $12.5 billion.

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities. The first, is a $3,000,000 limit to a private equity-owned manufacturer of ladder systems. The second, a $1,750,000 limit for a family-owned MRO supply company serving the multi-family housing industry. The third, a $3,500,000 limit for a multi-generationally owned manufacturer of home and office furniture.

"GemCap was founded to assist small businesses," states Richard Ellis, Co-President. "And GemCap remains ready to assist any business that may have been impacted by the collapse of Silicon Valley Bank or Signature Bank.

TD Bank Group (TD) today announced the following appointments to reflect the expanded mandates of two Senior Executive Team (SET) members. Barbara Hooper will become Group Head, Canadian Business Banking, TD Bank Group, effective May 1, 2023. Kelvin Tran will become Group Head, Chief Financial Officer, TD Bank Group, effective March 9, 2023.

HGGC, a leading middle-market private equity firm with over $6.9 billion of cumulative capital commitments, today announced it has promoted Colin Phinisey to Partner. Since joining HGGC in 2018 as a Principal, Phinisey has led Debt Capital Markets activities for all new and existing portfolio company investments, including acquisitions, recapitalizations, refinancings and capital structure management.

Pinnacle Capital Finance is proud to announce the issuance of a $4.5MM combination asset-based line of credit, PO financing and term loans to a California-based winery. The company offers a wide variety of premium wines as well as spirits with products in each category awarded 95 points by The Tastingpanel Magazine.

Scale Microgrids (“Scale”) recently closed a first of its kind non-recourse project finance debt facility to fund the construction and operations of a portfolio of microgrids, combined heat and power (CHP) systems, community solar, rooftop solar, battery energy storage systems, and microgrid electric vehicle infrastructure projects in markets including California, Oregon, the District of Columbia, Pennsylvania, Delaware, Colorado, North Carolina, New Jersey and New York.

As part of its deep and long-standing commitment to drive greater economic inclusion and mobility, Eastern Bank is announcing today the launch of Equity Alliance for Business to further advance the growth of underrepresented business owners and entrepreneurs. Specifically for business owners who are women or people of color and all their intersectionality, including the LGBTQIA+, veterans and disabled communities, Equality Alliance for Business provides a specialized credit offering designed to meet the needs of diverse business owners.

BizCap, a leading provider of financial solutions for small and lower middle market businesses, is pleased to announce that Kylie Whetsel has joined the firm as Marketing Manager. In this role, Kylie will be responsible for developing and executing strategies that will further enhance the company's visibility and growth in the marketplace.

Just days before Christmas, 2022 Flatbay Capital LLC closed the fastest loan in Flatbay Capital’s company history, from term sheet signing to funding in 5 days! The deal was a $6,960,000 owner-occupied CRE loan for a Texas-based commercial transportation company.