• Solar Integrated Roofing Corp. Secures $10 Million Revolving Credit Facility with Top Four National Bank
    February 6, 2023
    Solar Integrated Roofing Corp. (OTC:SIRC), an integrated, single-source solutions provider of solar power, roofing and EV charging systems, today announced it has secured a new $10 million revolving credit facility with a top four national bank to finance the Company’s working capital requirements, subject to customary closing conditions.
  • AutoCanada Boosts Credit Facility to C$1.6 Billion
    February 6, 2023
    AutoCanada Inc. said Monday it extended and boosted the size of a credit facility to 1.6 billion Canadian dollars (US$1.19 billion), providing the company further flexibility to push ahead with growth plans. The automobile-dealership company said its existing credit facility has been extended to April 15, 2026, and the revolving facility increases by C$100 million, to $375 million.
  • Portillo’s Inc. Completes Successful Debt Refinancing Transaction
    February 6, 2023
    Portillo’s Inc. (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it has successfully refinanced its existing credit facility with a new 5-year $300 million Term A Loan, resulting in a significant reduction in interest expense. At prevailing rates, the all-in interest rate on the term debt has been reduced by approximately 270 basis points. The refinancing provides Portillo’s with greater financial flexibility in support of the Company’s ongoing expansion.
  • USD Partners Announces Amendment to Existing Revolving Credit Agreement
    February 6, 2023
    On January 31, 2023, USD Partners LP (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (the “Credit Agreement”).
  • D.A. Davidson Continues Its Strategic Expansion of Debt Advisory Coverage with New Hire Clinton Miyazono, Managing Director
    February 6, 2023
    D.A. Davidson & Co. is pleased to announce that Clinton Miyazono has joined as a Managing Director in the Debt Advisory Group in the Chicago office, where he will be responsible for expanding the group’s Midwest footprint and national coverage initiatives.
  • Gateway Trade Funding Announces Partnership with Another Lender to Complete a Facility
    February 6, 2023
    Gateway Trade Funding is pleased to announce they have partnered with another lender to complete a facility consisting of stretch finance, factoring, and purchase order financing for a tech company. A technology business experiencing tremendous growth had just won a new large contract from a large retailer. The private equity firm they were working with recommended they reach out to Gateway Trade Funding because of the retailer's long payment cycle. They suggested that Gateway's financing options could be a good source of short-term financing to help them fulfill the contract and take on others.
  • Blank Rome Adds Corporate Transactions Pro Robert Handler in Los Angeles
    February 6, 2023
    Blank Rome LLP is pleased to announce that Robert Handler has joined the firm’s Corporate, M&A, and Securities practice group as senior counsel in the Los Angeles office. A corporate transactions pro with a focus on middle-market private businesses, Rob joins Blank Rome from Glaser Weil where he served as a partner in the Corporate and Real Estate groups.
  • Schulte Roth & Zabel Advises Portfolio Advisors in Agreement to Combine with FS Investments
    February 6, 2023
    Schulte Roth & Zabel advised Portfolio Advisors, a global middle-market private asset specialist with more than $38 billion in assets under management, as special regulatory counsel in a definitive agreement to combine with FS Investments, a pioneer in the democratization of alternative investments with more than $35 billion in assets under management.
  • North Hudson Launches $275 Million Energy Credit Fund
    February 6, 2023
    North Hudson Resource Partners LP ("North Hudson"), a Houston-based energy investment firm, today announced the launch of its inaugural credit fund, North Hudson Energy Credit Partners LP ("NH Energy Credit"). NH Energy Credit seeks to deploy $275 million of capital to support middle-market, North American onshore oil and gas production companies with senior secured loans to refinance existing debt, finance acquisitions, and fund development. NH Energy Credit will primarily provide senior secured loans between $20 and $50 million as well as flexible capital solutions for special situations.
  • Cadwalader Secures Leveraged Finance Partner Quartet in Charlotte
    February 6, 2023
    Wall Street firm Cadwalader Wickersham & Taft has hired a quartet of leveraged finance partners from King & Spalding in Charlotte, North Carolina, in a move that promises to significantly grow its market share in the leading US financial centre. Ronald Lovelace has joined Cadwalader as head of leveraged finance alongside Patrick Yingling, Jared Zajac and Joseph Polonsky.
  • BakerHostetler Expands Business Group and Adds Debt Finance Partner in Cleveland
    February 6, 2023
    Adam R. Nazette joins BakerHostetler’s Cleveland office as a partner in the firm’s Business Practice Group and on its Debt Finance team. Nazette brings with him nearly two decades of experience focused on financing transactions and advising banks, financial institutions, credit funds, borrowers and sponsors in a broad range of financing arrangements and industries.
  • Andy Tait Launches new US Commercial Lender Aimed at Scottish SME Market
    February 6, 2023
    Entrepreneur Andy Tait and Texas-based Sallyport Commercial Finance LLC have partnered to launch a commercial lender in Scotland that will back small businesses and provide vital cashflow support. Sallyport Commercial Finance will be based on St Vincent Place in Glasgow and will target companies turning over up to £10 million.
  • January Year-over-year Bankruptcy New Filings Increase Across All Main Chapters
    February 6, 2023
    Bankruptcy new filings were up year-over-year across Chapter 7, 11, 13, and 15 in January 2023, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Epiq Bankruptcy is a division of Epiq, a global technology-enabled services leader to the legal services industry and corporations.
  • Pathlight Capital Increases Term Loan Credit Facility for B. Riley Receivables II, LLC To $198.7MM
    February 6, 2023
    Pathlight Capital LP ("Pathlight") is pleased to announce the closing of a $78.3MM upsize ("Upsize Facility") to the existing senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial, Inc. to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock Corporation ("Badcock" or the "Company"), one of the largest home-furnishing retailers in the country and subsidiary of Franchise Group, Inc (NASDAQ: FRG).
  • Abacus Finance Provides $34.5 Million in Senior Debt Financing to Support the Leveraged Buyout of Media 1 Digital Imaging Solutions, LLC by American Pacific Group
    February 6, 2023
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $34.5 million in senior secured credit facilities to support the leveraged buyout of Media 1 Digital Imaging Solutions, LLC by American Pacific Group.
  • Bridge Bank’s Capital Finance Group Adds Three New Hires in Key Markets
    February 6, 2023
    Bridge Bank today announced that its Capital Finance Group has added three new hires to support key markets. The new team members, based in Seattle, Chicago and Las Vegas, will serve Bridge Bank clients nationwide.
  • FTI Consulting Appoints Michael Baumkirchner to Lead Esoteric ABS Offering
    February 6, 2023
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Michael Baumkirchner as a Senior Managing Director to lead the Esoteric Asset-backed Securitization offering within the firm’s Lender Services practice. Mr. Baumkirchner, who is based in New York, rejoins FTI Consulting from Ankura Consulting Group and brings 25 years of experience providing financial and business advice to clients involved in capital markets transactions and corporate restructurings.
  • Taseko Extends Term of Undrawn Revolving Credit Facility and Provides Update on Hedging Program
    February 6, 2023
    Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce it has entered into an agreement to extend the maturity date of its US$50 million Revolving Credit Facility (the "Facility") by an additional year to July 2, 2026. The Facility, which is arranged and fully underwritten by National Bank of Canada ("National Bank"), is currently undrawn and available for general and working capital purposes.
  • Mulligan Funding Closes $100 Million Securitization
    February 6, 2023
    Mulligan Funding, one of the largest providers of SMB access to working capital in the country, today announced the closing of a $100 million asset-backed securitization (ABS). This new financing continues a history of impressive growth for the company, even during difficult market conditions. As Mulligan Funding’s first securitization, the senior bonds achieved an A rating from Kroll Bond Rating Agency (KBRA), the highest rating they will award a first-time issuer in this asset class. The facility has a 3-year revolving period and is expandable to $500 Million.
  • Cushman & Wakefield Announces Amendment and Maturity Extension of $1.0 Billion of Its Senior Secured Term Loan
    February 6, 2023
    Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced an amendment to its current Credit Agreement that extends the maturity of $1.0 billion of its existing $2.6 billion Senior Secured Term Loan.
  • Solar Integrated Roofing Corp. Secures $10 Million Revolving Credit Facility with Top Four National Bank
    February 6, 2023
    Solar Integrated Roofing Corp. (OTC:SIRC), an integrated, single-source solutions provider of solar power, roofing and EV charging systems, today announced it has secured a new $10 million revolving credit facility with a top four national bank to finance the Company’s working capital requirements, subject to customary closing conditions.
  • AutoCanada Boosts Credit Facility to C$1.6 Billion
    February 6, 2023
    AutoCanada Inc. said Monday it extended and boosted the size of a credit facility to 1.6 billion Canadian dollars (US$1.19 billion), providing the company further flexibility to push ahead with growth plans. The automobile-dealership company said its existing credit facility has been extended to April 15, 2026, and the revolving facility increases by C$100 million, to $375 million.
  • Portillo’s Inc. Completes Successful Debt Refinancing Transaction
    February 6, 2023
    Portillo’s Inc. (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it has successfully refinanced its existing credit facility with a new 5-year $300 million Term A Loan, resulting in a significant reduction in interest expense. At prevailing rates, the all-in interest rate on the term debt has been reduced by approximately 270 basis points. The refinancing provides Portillo’s with greater financial flexibility in support of the Company’s ongoing expansion.
  • USD Partners Announces Amendment to Existing Revolving Credit Agreement
    February 6, 2023
    On January 31, 2023, USD Partners LP (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (the “Credit Agreement”).
  • D.A. Davidson Continues Its Strategic Expansion of Debt Advisory Coverage with New Hire Clinton Miyazono, Managing Director
    February 6, 2023
    D.A. Davidson & Co. is pleased to announce that Clinton Miyazono has joined as a Managing Director in the Debt Advisory Group in the Chicago office, where he will be responsible for expanding the group’s Midwest footprint and national coverage initiatives.
  • Gateway Trade Funding Announces Partnership with Another Lender to Complete a Facility
    February 6, 2023
    Gateway Trade Funding is pleased to announce they have partnered with another lender to complete a facility consisting of stretch finance, factoring, and purchase order financing for a tech company. A technology business experiencing tremendous growth had just won a new large contract from a large retailer. The private equity firm they were working with recommended they reach out to Gateway Trade Funding because of the retailer's long payment cycle. They suggested that Gateway's financing options could be a good source of short-term financing to help them fulfill the contract and take on others.
  • Blank Rome Adds Corporate Transactions Pro Robert Handler in Los Angeles
    February 6, 2023
    Blank Rome LLP is pleased to announce that Robert Handler has joined the firm’s Corporate, M&A, and Securities practice group as senior counsel in the Los Angeles office. A corporate transactions pro with a focus on middle-market private businesses, Rob joins Blank Rome from Glaser Weil where he served as a partner in the Corporate and Real Estate groups.
  • Schulte Roth & Zabel Advises Portfolio Advisors in Agreement to Combine with FS Investments
    February 6, 2023
    Schulte Roth & Zabel advised Portfolio Advisors, a global middle-market private asset specialist with more than $38 billion in assets under management, as special regulatory counsel in a definitive agreement to combine with FS Investments, a pioneer in the democratization of alternative investments with more than $35 billion in assets under management.
  • North Hudson Launches $275 Million Energy Credit Fund
    February 6, 2023
    North Hudson Resource Partners LP ("North Hudson"), a Houston-based energy investment firm, today announced the launch of its inaugural credit fund, North Hudson Energy Credit Partners LP ("NH Energy Credit"). NH Energy Credit seeks to deploy $275 million of capital to support middle-market, North American onshore oil and gas production companies with senior secured loans to refinance existing debt, finance acquisitions, and fund development. NH Energy Credit will primarily provide senior secured loans between $20 and $50 million as well as flexible capital solutions for special situations.
  • Cadwalader Secures Leveraged Finance Partner Quartet in Charlotte
    February 6, 2023
    Wall Street firm Cadwalader Wickersham & Taft has hired a quartet of leveraged finance partners from King & Spalding in Charlotte, North Carolina, in a move that promises to significantly grow its market share in the leading US financial centre. Ronald Lovelace has joined Cadwalader as head of leveraged finance alongside Patrick Yingling, Jared Zajac and Joseph Polonsky.
  • BakerHostetler Expands Business Group and Adds Debt Finance Partner in Cleveland
    February 6, 2023
    Adam R. Nazette joins BakerHostetler’s Cleveland office as a partner in the firm’s Business Practice Group and on its Debt Finance team. Nazette brings with him nearly two decades of experience focused on financing transactions and advising banks, financial institutions, credit funds, borrowers and sponsors in a broad range of financing arrangements and industries.
  • Andy Tait Launches new US Commercial Lender Aimed at Scottish SME Market
    February 6, 2023
    Entrepreneur Andy Tait and Texas-based Sallyport Commercial Finance LLC have partnered to launch a commercial lender in Scotland that will back small businesses and provide vital cashflow support. Sallyport Commercial Finance will be based on St Vincent Place in Glasgow and will target companies turning over up to £10 million.
  • January Year-over-year Bankruptcy New Filings Increase Across All Main Chapters
    February 6, 2023
    Bankruptcy new filings were up year-over-year across Chapter 7, 11, 13, and 15 in January 2023, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Epiq Bankruptcy is a division of Epiq, a global technology-enabled services leader to the legal services industry and corporations.
  • Pathlight Capital Increases Term Loan Credit Facility for B. Riley Receivables II, LLC To $198.7MM
    February 6, 2023
    Pathlight Capital LP ("Pathlight") is pleased to announce the closing of a $78.3MM upsize ("Upsize Facility") to the existing senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial, Inc. to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock Corporation ("Badcock" or the "Company"), one of the largest home-furnishing retailers in the country and subsidiary of Franchise Group, Inc (NASDAQ: FRG).
  • Abacus Finance Provides $34.5 Million in Senior Debt Financing to Support the Leveraged Buyout of Media 1 Digital Imaging Solutions, LLC by American Pacific Group
    February 6, 2023
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $34.5 million in senior secured credit facilities to support the leveraged buyout of Media 1 Digital Imaging Solutions, LLC by American Pacific Group.
  • Bridge Bank’s Capital Finance Group Adds Three New Hires in Key Markets
    February 6, 2023
    Bridge Bank today announced that its Capital Finance Group has added three new hires to support key markets. The new team members, based in Seattle, Chicago and Las Vegas, will serve Bridge Bank clients nationwide.
  • FTI Consulting Appoints Michael Baumkirchner to Lead Esoteric ABS Offering
    February 6, 2023
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Michael Baumkirchner as a Senior Managing Director to lead the Esoteric Asset-backed Securitization offering within the firm’s Lender Services practice. Mr. Baumkirchner, who is based in New York, rejoins FTI Consulting from Ankura Consulting Group and brings 25 years of experience providing financial and business advice to clients involved in capital markets transactions and corporate restructurings.
  • Taseko Extends Term of Undrawn Revolving Credit Facility and Provides Update on Hedging Program
    February 6, 2023
    Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce it has entered into an agreement to extend the maturity date of its US$50 million Revolving Credit Facility (the "Facility") by an additional year to July 2, 2026. The Facility, which is arranged and fully underwritten by National Bank of Canada ("National Bank"), is currently undrawn and available for general and working capital purposes.
  • Mulligan Funding Closes $100 Million Securitization
    February 6, 2023
    Mulligan Funding, one of the largest providers of SMB access to working capital in the country, today announced the closing of a $100 million asset-backed securitization (ABS). This new financing continues a history of impressive growth for the company, even during difficult market conditions. As Mulligan Funding’s first securitization, the senior bonds achieved an A rating from Kroll Bond Rating Agency (KBRA), the highest rating they will award a first-time issuer in this asset class. The facility has a 3-year revolving period and is expandable to $500 Million.
  • Cushman & Wakefield Announces Amendment and Maturity Extension of $1.0 Billion of Its Senior Secured Term Loan
    February 6, 2023
    Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced an amendment to its current Credit Agreement that extends the maturity of $1.0 billion of its existing $2.6 billion Senior Secured Term Loan.