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  • 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.
  • 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. 
  • 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.
  • 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.

  • CIT Increases Maritime Financing to $57 Million for Crowley
    Jun 8, 2022
    CIT, a division of First Citizens Bank, today announced that its Maritime Finance business has recently increased its financing of Crowley, a leading global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This financing applies to multiple  Crowley vessels. 
  • SFNet Releases its Latest Market Pulse Report
    Jun 7, 2022
    SFNet is pleased to present the SFNet Market Pulse, a periodic report that informs lenders about emerging economic trends likely to affect secured lending and their borrowers’ industries over the next one to two quarters. 
  • Eileen Wubbe 150x150 SFNet’s Women in Secured Finance Conference Returns in Person June 15-16, 2022
    Jun 7, 2022

    Attendees to reconnect, discuss reassessing goals, recruitment, retention, DEI, mental health and more. Guest Speaker Leigh Gilmore, general manager, Live Journalism at Dow Jones to join.

  • Stonegate Capital Announces Senior Debt Investment in Van Leeuwen Ice Cream
    Jun 6, 2022
    Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Van Leeuwen Ice Cream, a leading brand of premium ice cream products in the U.S.
  • DavidChmiel_Headshot_150 Can the Global Supply Chain Survive Global Political Disorder?
    Jun 6, 2022
    The managing director of Global Torchlight, a geopolitical risk advisory firm, discusses the various reasons for the supply chain disruption and what we may expect in the future.
  • Rosenthal Names Peter Clement SVP International Factoring Business Development Officer
    Jun 6, 2022

    Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Peter Clement has joined Rosenthal as SVP International Factoring Business Development Officer.

     
  • Norma Kuntz-Headshot-150 Norma Kuntz Joins Gordon Brothers as President & Chief Operating Officer
    Jun 2, 2022

    Norma Kuntz has joined Gordon Brothers, the global advisory, restructuring and investment firm, as President and Chief Operating Officer and as a member of the board of directors.

    Kuntz will work in partnership with senior leadership and the board of directors to guide Gordon Brothers’ continued, rapid growth and set the firm’s strategy. With nearly 25 years of experience in the private equity, asset management, alternative investment and financial services industries worldwide, she will be responsible for the firm’s operations.

  • Cannara Biotech Inc. Closes $50 Million Credit Facility Led by BMO Commercial Banking
    Jun 1, 2022
    Cannara Biotech Inc. ("Cannara" or the "Company") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative products with two mega facilities based in Quebec spanning over 1,650,000 sq. ft., announced today that it has closed on a $50M credit facility led by BMO Commercial Banking.  The credit facility, effective May 31, 2022, includes a three-year term loan for $45 million with an accordion for up to an additional $10 million and a $5 million line of credit. 
  • CIT Provides $22 Million to Refinance Chandler Medical Plaza
    May 31, 2022
    CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lender on a $22 million loan to AZ Banner Investments LLC, which is managed by Webb Management & Investments, LLC. The loan was used to refinance the Chandler Medical Plaza, a three-story medical office building in Chandler, Arizona.
  • Terry Keating Headshot 2022_150 Access Capital, Inc., Announces Terry M. Keating as Chief Executive Officer
    May 31, 2022

    Access Capital, Inc., the nation’s leading independent lender to the staffing industry, announced today that Terry M. Keating has been named as its Chief Executive Officer.

    Terry has more than 30 years of senior management experience in the financial services industry, including most recently leading an asset-based lending business, in addition to 15 years serving as a lender to the asset-based lending industry and ten years as a consultant and investment banker serving the industry.

  • CIT Commercial Services Appoints Cheryle Arevalo to Account Executive for Western Region
    May 26, 2022
    CIT, a division of First Citizens Bank, has appointed Cheryle Arevalo to the position of account executive for the Western Region of CIT’s Commercial Services business. Arevalo will be based in Los Angeles, California and will manage the relationships and loans of several clients in the region. She will also be instrumental in discovering new business opportunities, cultivating relationships with new clients and outside referral sources, and identifying the right banking products to best serve client needs.

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