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  • JD Factors Provided $12,525,000 in new Factoring Facilities During July
    August 5, 2024
    J D Factors provided $12,525,000 in new factoring facilities to 29 new clients in the US and Canada during the month of July. Some of these facilities include: a $800,000 factoring facility for a transportation company in Illinois and a $500,000 factoring facility for a transportation company in Washington.
  • Online Auctions Feature $20 Million in PIRCH Appliances Inventory
    August 5, 2024
    Onyx Asset Advisors (ONYX), CA Global Partners (CAGP) and Tiger Group will hold four online auctions in August featuring inventory from Southern California’s high-end PIRCH Appliances.
  • 1st Commercial Credit, LLC Introduces Freight Broker Non-Recourse Factoring
    August 5, 2024
    1st Commercial Credit, LLC, in collaboration with its affiliate Nationwide Commercial Credit, Inc. (NCC), is proud to introduce a specialized Freight Broker Non-Recourse Factoring Program. This program is designed to improve cash flow and ensure prompt payments to carriers, providing a valuable financial solution with credit protection for the freight brokerage industry.
  • Rockland Trust Names Commercial Banking Officer for North of Boston Team
    August 5, 2024
    Rockland Trust has appointed Chris Reilly of Methuen as VP and commercial banking officer for the Bank’s North of Boston team. He will build relationships with mid-size companies across Northern Massachusetts and Southern New Hampshire.
  • Pathlight Capital Agents $45,000,000 Senior Secured Term Loan for Sportsman's Warehouse
    August 5, 2024
    Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Administrative Agent on a $45,000,000 senior secured term loan for Sportsman's Warehouse Holdings, Inc. ("Sportsman's", or the "Company"), an outdoor sporting goods retailer that's been in operation for over 35 years.
  • TerrAscend Completes $140 Million Debt Financing
    August 5, 2024
    - TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, today announced that the Company, together with certain entities that are consolidated by the Company (the “Consolidated Entities”), have closed on a senior secured term loan (the “Loan”) for gross proceeds of US$140 million (the “Transaction”) from funds managed by FocusGrowth Asset Management, LP (“FocusGrowth”), a leading capital provider to the cannabis sector, along with other members of a loan syndicate.
  • Helix Extends its Revolving Credit Facility
    August 5, 2024
    Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has amended its existing asset-based revolving credit facility (the “ABL Facility”) as of August 2, 2024. The amendment extends the term of the ABL Facility from September 30, 2026 to August 2, 2029 subject to earlier senior debt maturities, and increases the letter of credit basket size from $20 million to $55 million.
  • Texas Capital Appoints Todd Jordan to Serve as Austin Market President and Leader of Austin Middle Market Banking
    August 5, 2024
    In his new role, Jordan is responsible for delivering best-in-class products and solutions with a strong focus on client service, driving Texas Capital’s strategy and instilling the firm’s culture across Central Texas.
  • The Pennant Group Announces New $250 Million Credit Facility
    August 5, 2024
    The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that the Company has increased its credit facility by $100 million to an aggregate of $250 million. The borrowings are supported by a lending consortium arranged by Truist Securities.
  • Eclipse Business Capital Provides an $80MM ABL Credit Facility to a Consumer Products Manufacturer
    August 5, 2024
    Eclipse Business Capital LLC (“EBC”) announced that it has provided an $80 million ABL credit facility to a consumer products manufacturer. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.
  • Cliffwater Enhanced Lending Fund Announces Completion of $1.175 Billion Revolving Credit Facility
    August 5, 2024
    Cliffwater Enhanced Lending Fund ("CELFX" or "the Fund"), an interval fund providing access to alternative private credit strategies, has announced the closing of a senior secured syndicated revolving credit facility (the "Facility"). The Facility is led by PNC Bank, N.A., as administrative agent and joint lead arranger and Barings as joint lead arranger through the Barings Portfolio Finance team.
  • KBRA Private Credit: Q2 2024 Middle Market Borrower Surveillance Compendium–EBITDA to the Rescue
    August 5, 2024
    In KBRA’s Q2 middle market (MM) surveillance compendium, we examine how revenue and EBITDA growth have cushioned the blow of higher interest costs among private credit borrowers. The analysis is especially interesting due to the dearth of observed defaults so far, relative to our expectations.
  • BofA Names Drew Slocum as Wisconsin President
    August 5, 2024
    Today, Bank of America named Drew Slocum as president of Bank of America Wisconsin. As president, Slocum will lead the Wisconsin market and will be responsible for connecting clients, teammates and communities to the bank's eight lines of businesses and the full power of Bank of America.
  • Eisner Advisory Group Names 23 Partners, Including Trio in New Jersey
    August 5, 2024
    Eisner Advisory Group LLC, the business consulting firm with a major presence in New Jersey, has admitted 23 new partners, effective Thursday, including three in the Iselin office.
  • Sabio Announces Closing of a New US$10 Million Credit Facility
    August 1, 2024
    Sabio Holdings Inc., a California-based ad-tech company that specializes in delivering highly targeted ads, insights, and services in ad-supported streaming to top Fortune 100 brands, is pleased to announce the closing of a new credit facility pursuant to the terms of a credit agreement between its U.S. operating subsidiaries and SLR Digital Finance ("SLRDF").
  • CIBC Innovation Banking Provides Growth Capital Financing to Wisedocs Inc.
    August 1, 2024
    CIBC Innovation Banking announced today that it has provided $4.5M CAD in growth capital financing to support Wisedocs’ mission to both further broaden its client base and to expand its product offering. Wisedocs’ artificial intelligence (AI) software platform summarizes claim files for the insurance industry to enable fast and inexpensive medical record reviews.
  • US Capital Global Securities Launches $50MM Equity Offering in Zenion Laboratories
    August 1, 2024
    US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to present eligible investors with a unique investment opportunity to participate in an investment round of up to $50 million for Zenon Laboratories (“Zenion” or the “Company”). Initially funded by NASA and deployed on the International Space Station, Zenion’s nanotechnology products provide low-cost, chemical-free drinking water that is inordinately superior to existing purification, filtration, and flocculation solutions.
  • First Citizens Wealth Expands Support for Entrepreneurs and Business Owners in Fast-Growing Atlanta Market
    August 1, 2024
    First Citizens Wealth today announced it is expanding its presence in Atlanta to better support growing demand from its core clientele of entrepreneurs and business owners.
  • Monomoy Announces Promotions Across Investment, Operating and Origination Teams
    August 1, 2024
    Monomy Capital Partners are thrilled to announce six well-deserved promotions across the Monomoy Investment, Operating and Origination Teams. These individuals’ collective efforts have been integral to the firm’s successes, and we look forward to the continued excellence each team member will bring to the firm and our partners.
  • LibreMax Capital Partners with iCapital® to Expand Access to Securitized Products and Asset-Backed Finance
    August 1, 2024
    LibreMax Capital, LLC (“LibreMax”), an asset management firm specializing in securitized products and asset-backed finance, today announced that it has entered into a partnership with iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, to offer wealth managers and advisors globally access to LibreMax’s investment strategy via iCapital Marketplace.