Entrepreneur Growth Capital (“EGC”) is pleased to announce that it has closed a $5MM working capital facility to a New York-based distributor of personal protective equipment (“the Company”). The Company started with a few orders for gloves and masks, and has now developed relationships with many suppliers (foreign and domestic) and customers ranging from large hospital groups, to Fortune 500 companies and the US Government.

Tilly’s, Inc. (NYSE: TLYS, the “Company”) today announced that it has established a new $65.0 million asset-backed credit facility (the “ABL Facility”) with Wells Fargo Bank, N.A. (“Wells Fargo”). The ABL Facility is a three-year, $65.0 million asset-backed credit facility which replaces the Company’s previous $25.0 million revolving credit facility, also with Wells Fargo.

Pursuant to the APA, Brookfield and Simon will acquire substantially all of JCPenney’s retail and operating assets (“OpCo”) through a combination of cash and new term loan debt. Kirkland & Ellis LLP is serving as legal adviser, Lazard is serving as financial adviser, and AlixPartners LLP is serving as restructuring adviser to the Company. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Brookfield and Simon

Bank of America, N.A. is the Administrative Agent and Collateral Agent and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Co-Syndication Agents. BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association were the Joint Lead Arrangers and Joint Bookrunners.

CNH Finance announced it provided financing for companies in the home health care and skilled nursing facilities industries. CNH Finance specializes in middle-market asset-based lending providing clients working capital from $1MM to over $20MM.

CIT Group Inc. (NYSE: CIT) today announced the start of its annual partnership with Feeding America® and this year, will double its commitment in the fight against hunger and help donate Two Million Meals1 for people struggling with food insecurity across the country. Responding to the increased need for food assistance due to the COVID-19 pandemic, the Two Million Meals campaign expands CIT's One Million Meals campaign from years prior and invites customers, employees and social media followers to join with the company and help provide Two Million Meals for people in need.

SG was able to get comfortable with the Company’s strong pipeline of contracted revenue, return to profitability, revenue retention rate greater than 90%, and plethora of expansion opportunities through its new channel partnerships. SG provided a senior secured, $3MM growth capital loan structured around recurring revenue, proforma cash flow and total leverage.

Leading global professional services firm Alvarez & Marsal (A&M) has hired Boston-based Michael Niarchos as a Managing Director in the Health Plans and Managed Care practice of its Healthcare Industry Group. Mr. Niarchos will primarily advise health plans and healthcare systems on pharmacy operations transformation and pharmacy benefit management (PBM) strategies. This expanded capability reflects A&M’s response to the growing demand for solutions that address rising costs, stemming from rapidly evolving market dynamics, across healthcare sectors.

Dwight Funding closed a combined $4mm in funding to two fast growing, investor backed DTC companies. One is a men’s personal care company and the other a leading bicycle company. Both are experiencing unprecedented growth due in part to Covid-19 related consumer trends. Dwight Funding is providing them with an Asset Based Loan backed by their inventory.

Fifth Third Bancorp (Nasdaq: FITB) today announced the appointment of Jamie Leonard as chief financial officer, effective immediately. The company also announced the appointment of Bob Shaffer as chief risk officer, to succeed Leonard, and Peg Jula as chief human resources officer, succeeding Shaffer.

BMO Financial Group today announced a series of executive appointments to continue to build on its strategic advantages. Tom Flynn will move from his current role as Chief Financial Officer to become a Vice Chair. In his new role, he will support the growth ambitions of corporate clients and deepening client relationships. He will also continue to support certain enterprise strategic initiatives.

King Trade Capital’s Founder and Managing Partner, Edward King, will be the moderator and a panelist on the panel titled Disruption in Supply Chains & Mitigating Risks. The panel is scheduled for Thursday, November 17th at 10:15 AM CT during the SFNet 76th Annual Convention and includes five supply chain finance experts from across the globe discussing the challenges financing the supply chain during the pandemic, past, present and what is expected of the future.

Weil, Gotshal & Manges LLP is acting as NPC’s legal counsel, Greenhill & Co., LLC is acting as financial advisor, AlixPartners LLP is serving as restructuring advisor, and A&G Realty is acting as real estate advisor to the Company. Davis Wright Tremaine LLP and Kirkland & Ellis LLP are serving as legal counsel to Flynn Restaurant Group LP.

Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has amended the credit agreement governing its $1.0 billion revolving credit facility and $400.0 million term loan. The amendment provides for a waiver of all existing financial covenants under its credit agreement through July 15, 2022, during which, subject to certain conditions, SVC will continue to have access to undrawn amounts under the revolving credit facility. In connection with the amended credit agreement, SVC repaid its $400.0 million term loan on November 5, 2020 using undrawn amounts under its revolving credit facility.

Converge Technology Solutions Corp. ("Converge" or "the Company") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a national platform of regionally focused Hybrid IT solution providers in the U.S. and Canada, is pleased to announce that it has entered into a committed $140 million revolving credit facility with a syndicate of banks led by the Canadian Imperial Bank of Commerce (CIBC). This will result in significant interest cost savings for Converge based on the pricing matrix of the new facility.

J D Factors announced it provided 11 factoring facilities to transportation, wholesale and toy manufacturing companies in the U.S. and Canada.

Rockland Trust’s Asset-Based Lending Team announced today that it provided a $6 million revolving line of credit to Yankee Spirits Inc., a retailer of wine, beer, and spirits with four locations throughout Massachusetts. The company sells a wide variety of alcoholic beverages, and utilizes warehouse space at each location to purchase in larger quantities, enabling them to offer discount prices. Proceeds from the line of credit were used to refinance their existing credit facility and going forward, the line will be used to support continued growth.

Prestige Capital Finance, LLC recently delivered a $5 million factoring facility to a Southeast-based company that focuses on the manufacturing and assembly of corrugated retail displays. The funds were used to acquire a smaller corrugated display company in a new market as well as ongoing working capital needs for both entities.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million Receivables Financing Facility to a software and program management services firm that provides renewable energy-related solutions to public and private utilities providers.