Sam Ash—the century-old American music retailer that became a beloved institution for generations of amateur and professional musicians alike—filed for Chapter 11 bankruptcy protection on May 8, 2024 in the U.S. Bankruptcy Court for the District of New Jersey.

Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as club lender providing a First Out tranche in a senior secured credit facility supporting Stone Goff portfolio company John Staurulakis, LLC (“JSI”). JSI is a full-service consulting and broadband solutions leader, providing a complete range of operational, financial, management, engineering, regulatory, and strategic assistance to US communications providers.

First Citizens Bank today announced that its Healthcare Finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland.

Cambridge Savings Bank continues to provide support for important local organizations, and is pleased to announce a $25,000 donation to local Waltham, MA based Chesterbrook Community Foundation. Chesterbrook’s Community Center is a vibrant, nurturing place where the children not only benefit from academic tutoring, but also engage in mentoring relationships with college students.

Wells Fargo & Company (NYSE: WFC) announced today that Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo CEO Charlie Scharf and joining the company’s Operating Committee, effective today. Rivas and Jon Weiss, who has been CIB’s CEO since February 2020, will lead the business together.

HCAP Partners, a California-based private equity firm and nationally recognized impact investor, is pleased to announce the promotion of Jessica Kim and Ben Consoli to Vice President and the addition of Senior Associate Chenjing Wang to its investment team.

Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Prospect Partners’ recapitalization of Warren Roofing & Insulating, Cleveland Building Restoration (“CBR”), and Total Roofing Services (collectively, “Warren Roofing” or the “Company”). BSF was represented by Duane Morris, LLP.

Jason P. Shanahan, a 24-year veteran of the asset-based lending and consumer finance industries, has joined Tiger Finance as a Managing Director. From his base in Tiger's Boston office, Shanahan will focus on identifying both secured debt financing and equity capital opportunities, as well as utilize his experience to further strengthen the Tiger Finance operating platform.

Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and growth of Interstate AC Service, LLC (“Interstate AC”), Kimbro Mechanical and Open Source Controls by private equity sponsor Point 41 Capital Partners.

According to the results of the 2024 Small Business Survey, released today by TD Bank, America’s Most Convenient Bank®, a large majority of small business owners (SBOs) have a positive outlook on the future of their business. 90% of the SBOs surveyed noted their optimism for the future of their business in the next 12 months, which is up from 80% in 2023, indicating a light at the end of the tunnel following prolonged turbulence in the economic environment.

First Citizens Bank today announced that its CIT Commercial Services subsidiary has named Jason Goldberg as a regional sales manager dedicated to increasing new business in the Northeast.

SLR Business Credit (SLRBC) is excited to partner with this company, a preeminent North American distributor of mobile air compressors, generators, and air tools. The firm is also an innovator in creating a sustainable hybrid energy system which alters how contractors and producers can deliver productivity, increase safety and engineering efficiency in real-time, a first step towards zero-emissions production. T

The Hedaya Capital Group provided a $5 million factoring line to a home textiles vertical mill business. Headquartered in New York and operating for over 20 years, the textile company in partnership with an overseas manufacturer specializes in bedding and sells to major retailers such as Macy’s, HomeGoods and T.J. Maxx. ​

In a significant move to support business growth, Sallyport Commercial Finance is delighted to announce a groundbreaking $10 million in accounts receivable finance for a prominent pharmaceutical company - Shield Therapeutics Inc.

First Citizens Wealth today launched new enhancements to its Private Investments capabilities that enable qualified clients to invest in growth-oriented opportunities outside of the traditional public securities markets.

Encina Lender Finance, LLC announced today that it has closed a $20 million senior credit facility for an indirect auto finance platform with a network of dealers spanning across 30+ states.

D Factors provided $9,800,000 in new factoring facilities to 35 new clients in the US and Canada during the month of April. Some of these facilities include: $800,000 factoring facility for a transportation company in Illinois; a $700,000 factoring facility for a transportation company in Ontario...

WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with C3 Rentals, Inc. (“C3 Rentals”) to provide a $100 million asset-based credit facility (the "Financing").

PlainsCapital Bank recently announced that Jud Miller has joined its commercial lending team as Senior Vice President, Senior Commercial Loan Officer. He will office out of The Woodlands branch at 1699 Research Forest Drive, Suite 100.

Getzler Henrich & Associates is proud to announce that Ryan Gross, Director, has been recognized by DBusiness, Detroit's Premier Business Journal, as one of the esteemed recipients of the "30 in Their Thirties" award. The accolade, featured in the May-June 2024 issue of DBusiness, highlights individuals making significant contributions to their respective industries.