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  • REV Capital Announces New Commercial Finance Division with Strategic Appointment
    Jul 6, 2022
    REV Capital, the leading provider of factoring & cashflow financing in Canada and the United States announces a new Commercial Finance Division along with the appointment of Mark Dubs as President – Eastern Division.
  • Birch Creek Development Secures $250 Million Loan Facility from Fundamental Renewables
    Jul 5, 2022
    Birch Creek Development LLC ("Birch Creek") and Fundamental Renewables, an established provider of debt financing for renewable energy projects, today announced an agreement in which Fundamental Renewables will increase its existing credit facility with Birch Creek to $250 million.
  • barry-headshot-2015 SFNet Launches In the Know Video Podcast
    Jul 5, 2022
    The Secured Finance Network is excited to launch a new video podcast today, in partnership with respected industry veteran Barry Bobrow, and sponsored by Hilco Global. “Our members continue to seek valued insights on issues critical to their businesses,” said SFNet CEO Rich Gumbrecht. “This new resource will complement existing sources of expert analysis and information SFNet provides to our community in an energizing new format.”  
  • barry-headshot-2015 SFNet Launches In the Know Video Podcast
    Jul 1, 2022
    The Secured Finance Network is excited to launch a new video podcast today, in partnership with respected industry veteran Barry Bobrow, and sponsored by Hilco Global.  “Our members continue to seek valued insights on issues critical to their businesses,” said SFNet CEO Rich Gumbrecht. “This new resource will complement existing sources of expert analysis and information SFNet provides to our community in an energizing new format.”
  • Citizens Leads $1.8 Billion Asset-Based Senior Credit Facilities for PRO Unlimited
    Jun 30, 2022

    Citizens announced that it has provided incremental financing to San Francisco-based PRO Unlimited Global Solutions Inc. PRO Unlimited is currently owned by EQT Partners.

    Established in 1991, PRO Unlimited is a leading provider of end-to-end contingent workforce management solutions to a broad range of global clients and has been a Citizens client for more than 10 years.

  • Hamid Namazie Summary of Approved California Regs
    Jun 28, 2022
    As many of our members are aware, legislation is popping up around the country requiring providers of commercial financings to make certain disclosures to their clients with respect to the costs associated with a commercial financing product being provided to a borrower.  The first such legislation was introduced in California in 2018 by Senator Steve Glazer, which impacted commercial financing products for $500,000 or less. 
  • Stepan Company Executes $450 Million Credit Facility Agreement
    Jun 27, 2022
    Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks. JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers.
  • Brian Daray Joins Republic Business Credit as SVP, Head of Underwriting
    Jun 27, 2022

    Republic Business Credit is proud to announce that Brian Daray has joined the company as Senior Vice President, Underwriting Manager, at its headquarters in New Orleans. 

    Brian adds tremendous value to Republic’s ambitious growth plans as he leads the company’s seasoned underwriting team across the United States. Brian’s responsibilities include underwriting, structuring, and managing the successful funding of new clients while supporting Republic’s growing suite of products across its national commercial finance platform. 

  • Natixis Corporate & Investment Banking Provides $140 Million Revolving Credit Facility to a Rialto Capital Management and YourStorageUnits JV
    Jun 22, 2022
    Natixis Corporate & Investment Banking announced today that it has provided a $140 million secured revolving credit facility to a JV between Rialto Capital Management and YourStorageUnits.
  • SFNet Presents Results of Groundbreaking Diversity, Equity and Inclusiveness Survey on June 28
    Jun 22, 2022

    Members of SFNet’s Diversity, Equity and Inclusiveness Committee will discuss the results of SFNet’s much-anticipated, groundbreaking DEI benchmarking study of the secured finance industry.

    Betty Hernandez, CCO, SLR Business Credit and chair, SFNet DEI Committee, will serve as moderator. Panelists will include Richard Gumbrecht, CEO, Secured Finance Network; Terry Keating, CEO, Access Capital, Inc.; Lizzy Diaz-Ortiz, JD, CRCM, vice president and senior advisor, Governance & Inclusion, BMO Financial Group; Nicole N. Richardson, distinguished professor, Professional Practice, Rutgers University; and Courtney Hazzard, Data Services Consulting, Rutgers University.

  • Siena Lending Group LLC Announces the Promotion of Longtime Team Members Scott Elliotto and Jason Schick
    Jun 21, 2022
    Siena Lending Group LLC ("Siena") is pleased to announce the promotion of longtime team members Scott Elliotto and Jason Schick, who will play key roles in helping the company build on the success of its Healthcare Finance division. In addition to his current role as the Senior Managing Director of New Business Originations at Siena Lending Group, Scott will serve as the CEO of Siena Healthcare Finance.
  • Ares Management Commits Sustainability-Linked Debt Facility to EdgeConneX®
    Jun 21, 2022

    Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Infrastructure Debt strategy have committed a delayed draw sustainability-linked debt facility to EdgeConneX®, a leading global provider of full-range data center solutions.

    The new debt facility provides for a commitment of up to approximately $1 billion and will be used to refinance existing indebtedness and to fund development and construction of EdgeConneX’s growing development pipeline.

  • SellersFunding Launches Two Financing Solutions to Further Advance Growth for Small Businesses
    Jun 20, 2022

     SellersFunding, a leading fintech provider for ecommerce sellers, announces the addition of two new products to its robust lineup of working capital products, Invoice Factoring and Purchase Order (PO) Financing.

    Invoice Factoring and PO Financing support SellersFunding clients to help grow their wholesale footprint. The flexibility of the products will allow SellersFunding to expand their offering to businesses outside of the ecommerce space.

  • Accord Financial Expands US Asset Based Finance Team, Hires Maryanne Lenardo and Gail Heldke as Managing Directors
    Jun 17, 2022
    Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) has expanded their US Asset Based Finance group to include Maryanne Lenardo and Gail Heldke. Both with the title of Managing Director, Originations, each will be responsible for developing partnerships across a broad range of industries providing senior secured debt solutions ranging from $1MM to $20MM. Maryanne will be based in Los Angeles covering the western US, while Gail will be based in Chicago and cover the Midwestern US.
  • Where Are They Now? Catching up with prior SFNet 40 Under 40 Award winners
    Jun 15, 2022
    From promotions to new jobs to starting their own advisory firms, award winners share their career advice and what they have learned.
  • Lucid Announces $1.0B Revolving Credit Facility
    Jun 15, 2022
    Lucid Group, Inc. (NASDAQ: LCID) ("Lucid"), setting new standards with the longest-range, fastest-charging electric car on the market, today announced entry into a Credit Agreement (the "Credit Agreement") on June 9, 2022. Bank of America, N.A. is the administrative agent and swingline lender on the transaction. Other lenders in the initial bank syndicate include Citigroup; Barclays Bank PLC; Goldman Sachs Bank USA; JPMorgan Chase Bank N.A.; BNP Paribas; Royal Bank of Canada, Capital Markets; HSBC Bank USA, N.A.; MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; and Wells Fargo Bank, N.A. 
  • BMO Financial Group Hires Jim Dore as U.S. Managing Director, Retail Finance, Asset-Based Lending Group
    Jun 14, 2022
    BMO Financial Group announced today that it has hired Jim Dore as U.S. Managing Director, Retail Finance Originations, Asset-Based Lending. In this role and in partnership with Michael Ganann, U.S. Head of Retail Finance, Jim will primarily focus on calling nationwide on BMO clients, prospects, and referral sources in the retail and apparel industries. Jim will be based in Boston.
  • Goodnight Midstream Announces Closing of Private Placement, New Revolving Credit Facility
    Jun 13, 2022
    Goodnight Midstream LLC ("Goodnight"), a leading midstream produced water infrastructure company, today announced the completion of the sale of $325 million of Senior Notes in a private placement to EIG and Crestline Investors. Concurrent with the private placement, Goodnight announced the successful closing of a $100 million Revolving Credit Facility led by Wells Fargo Bank, N.A., along with participation from Texas Capital Bank, Cadence Bank and First Horizon Bank.
  • Atalaya Capital Management Expands Platform
    Jun 13, 2022
    Atalaya Capital Management ("Atalaya"), an $8.5bn alternative asset manager focused on private credit and special opportunities investing, announced today that Elm Park Capital's experienced team of credit investment professionals will join Atalaya in the new Atalaya Crescent office, located in the financial center of Dallas. 
  • Bill Lyons_150 Bill Lyons Joins Mitsubishi HC Capital America to Drive Growth in Factoring, Asset-Based Lending
    Jun 9, 2022

    Mitsubishi HC Capital America has named Bill Lyons Origination Leader, Asset-Based Lending.

    Based in Michigan, Lyons will be responsible for business development across the Midwest. He will work primarily with small- and mid-sized businesses, helping with cost-effective financing options that allow them to grow and manage cash flow throughout their business cycles.

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