Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be responsible for leading the bank’s Asset Based Lending efforts. Grimes will report to Hamid Hussain, President, Real Estate and Commercial Banking.

CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, Arizona. Oceana Apartments, which was acquired by 29th Street Capital, consists of 240 one-bedroom, two-bedroom and three-bedroom units. Based in Chicago, 29th Street Capital is a leading investor, manager and developer of multifamily properties nationwide.

Amerisource Business Capital announced the closing and funding of a $3,000,000 real estate term loan facility for a Texas-based custom pool and tiny home manufacturer. The proceeds were used to provide working capital to support the Canadian company’s expansion of its manufacturing capacity in the U.S.

Vertex Energy, Inc. (NASDAQ:VTNR, "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that, in conjunction with its previously disclosed planned acquisition (through one or more of its affiliates) of the Mobile refinery ("Mobile Refinery") and related logistics assets from Equilon Enterprises LLC d/b/a Shell Oil Products US, the Company's wholly-owned subsidiary, Vertex Refining Alabama LLC, a Delaware limited liability company has entered into a commitment letter (the "Commitment Letter") with a syndicate of lenders in respect of a three-year, $125 million first-lien senior secured term loan facility (the "Term Loan").

CIT, a division of First Citizens Bank, today announced that its Healthcare Finance division provided more than $44 million toward the financing of medical office buildings and facilities in Florida, Washington, and Arizona. The loans supported a joint venture managed by Montecito Medical Real Estate in acquiring medical office buildings in Jacksonville and Fleming Island, Florida; Scottsdale, Arizona; and Spokane, Washington.

Gordon Brothers, the global advisory, restructuring and investment firm, has provided Dominion Packaging Inc. a $10.6 million term loan to increase the company’s liquidity and support its continued growth. Dominion Packaging, a manufacturer of branded folding cartons and boxes within the beverage, food and confectionary industries, will use the funds to refinance existing debt and invest in additional assets needed to meet increased demand.

Headquartered in Columbus, Ohio, Covail was founded in 2015 with investments from seven of the largest companies in Central Ohio to provide collaborative solutions to common artificial intelligence (AI) and cybersecurity challenges facing their respective businesses, as well as other customers.

An importer of dried noodle bowls received a new large order from a grocery chain but lacked the working capital to accept it. They were working with a referral source who recommended partnering with Gateway Trade Funding to find a way to accept the order.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), in coordination with the American Bankers Association (ABA), has expanded its Commercial Lending Certificate Program to Huston-Tillotson University in Austin, Texas. Texas Capital Bank and ABA began the Commercial Lending Certificate Program for Historically Black Colleges and Universities (HBCUs) in 2021 with Prairie View A&M University located in Prairie View, Texas.

FTI Consulting, Inc. (NYSE: FCN) today released the findings of its 2022 U.S. Loan Market Survey, which provides insight into the impact of COVID-19, inflation and other economic trends on the U.S. loan industry, along with expectations for leveraged credit market conditions this year.

Amryt (Nasdaq: AMYT), a global, commercial-stage biopharmaceutical company dedicated to acquiring, developing and commercializing novel treatments for rare diseases, announces that it has secured $125 million of senior credit facilities from funds managed by the Credit Group of Ares Management Corporation (“Ares”).

CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a capital call line of credit, to Graphite Ventures (Graphite), a $100-million fund focused on seed-stage investments and extensions, through to the rights for Series A rounds. The capital call facility provides Graphite with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.

Amerisource Business Capital announced the recent appointment of Randy Goeken as Regional Market Manager. Randy has over 35 years of experience in commercial finance, primarily in business development and relationship management, with lower middle market companies. Based in California, he is responsible for the development of the Western Division.

EQ Riskfactor, a leading global provider of risk management software for the commercial finance market (part of Equiniti Group), today launches its new international report, Navigating 2022 And Beyond. The new report interviewed senior professionals from the receivables finance industry across the UK, US, Germany, France and the Netherlands on what lies ahead for receivables finance lenders in 2022. The view across international borders did not waiver – receivables finance lenders are feeling positive and optimistic about the year ahead.

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today announced the refinancing of its outstanding $90 million Revolving Credit Facility and $300 million 6.5% Senior Secured Notes, with a new 5-year $200 million Revolving Credit Facility and 5-year $200 million Term Loan A (collectively, the “New Credit Facility”). The Company has drawn approximately $200 million under the Term Loan A and $100 million on the new Revolving Credit Facility, with $100 million remaining in borrowing capacity.

TAB Bank is pleased to announce it has provided a demolition company in Alaska with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Sinch AB (publ), a global leader in cloud communications and mobile customer engagement, today announces that is has entered into a 3+1+1 year credit facility in the amount of approximately SEK 7 500 million with a syndicate of 9 banks.

On the heels of significant growth and expansion in 2021, Cogent Bank has achieved another milestone – reaching $1 billion in assets. Cogent continues to experience strong loan and deposit growth. The Bank’s total loans grew by 51% since 2020 and notably, specialty lending doubled in 2021.

J D Factors announced it has provided the following factoring facilities: $150,000 to a transportation company in North Carolina; $100,000 to a transportation company in Ontario; $100,000 to a transportation company in Tennessee; $100,000 to a transportation company in Georgia...

Sallyport’s client, who provides staffing services to the energy industry, has just been equipped with a $500,000 accounts receivable facility to finance expansion and support their opening of a new division. This facility will enable them to manage working capital as they open a new office and focus on building the business there with the knowledge that payroll is covered.