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First Citizens Bank today announced the official launch of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across the Southeastern U.S.

Headquartered in Charlotte, First Citizens Middle Market Banking is now serving clients across North Carolina and neighboring Southeastern states, including Virginia, South Carolina, Georgia and Florida, with a full-suite of banking services.

Hilco Global announced today that Ward Mooney, a highly regarded deal originator, lender, and thought leader in the financial services sector, will join the Hilco Global executive leadership team on September 5, 2022. In this new role as Executive Vice President and Senior Advisor, Mr. Mooney will work closely with the Hilco Global senior management team at the holding company while collaborating with the firms operating companies as they continue to grow and expand its diversified suite of financial services solutions.

White Oak Global Advisors, LLC, (“WOGA” or “the firm”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively “White Oak”), provided over $1 billion in loans across all platforms between January 1 and June 30, 2022. The total dollar amount accounts for the combined value of 45 separate transactions to middle and small middle market businesses across a wide array of industries, representing a highly diversified deal flow.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support three add-on acquisitions (Sonic Health, The Seismic Collaborative, and Aurora Healthcare Communications) and provide growth capital for Spectrum Science.

As recent years have demonstrated, a variety of events, from a once-in-a-lifetime worldwide health crisis like a pandemic to a regional conflict like the Russian invasion of Ukraine to long-planned political changes such as Brexit, can easily interrupt global supply chains. These recent events resulted in three phases of supply chain disruptions.

Fifth Third Business Capital announced it has provided a new $15 million senior credit facility, consisting of a capital expenditure facility and revolving line of credit to support the refinancing of Puraglobe Syntainics, LLC. Puraglobe Syntainics, LLC blends, packages, and distributes sustainable, full synthetic motor oils for passenger cars and motorcycles.

LSQ, a leading provider of working capital finance andpayments solutions, recently originated an $18 million credit facility for a distributor of lighting and ceiling fans serving big-box retailers nationwide. The facility includes both accounts receivable and inventory financing.

The company will use the additional capital to fund growth, innovation, new designs and improve existing products and services.

Gordon Brothers, the global advisory, restructuring and investment firm, has provided Plainville Farms a $12 million term loan to support the organic and antibiotic-free turkey processor and distributor’s operations.

Plainville Farms will use the committed facility for working capital purposes and to support increased demand from customers.

Fifth Third Business Capital announced it has provided a $43 million capital expenditure facility, revolving credit facility and term loan for Kinetic in Greendale, WI. Kinetic was founded in 1948 and is recognized as one of the world's premiere manufacturers of industrial knives for the tissue, metals, plastic, wood and recycling industries and was recently acquired by Precision Marshall.

Crown Partners LP announced that Inseego Corp. (“Inseego”), has closed on a $50 million senior debt facility with Siena Lending Group LLC.  Crown Partners served as exclusive financial advisor to Inseego in connection with this transaction. 

Headquartered in San Diego, CA Inseego (Nasdaq: INSG) is an industry leader in intelligent device-to-cloud solutions that extend the 5G network edge, enabling broader 5G coverage, multi-gigabit data speeds, low latency, and strong security to deliver highly reliable internet access.