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MUFG Strengthens Global Markets Business in the Americas With Hire of David Paster as Head of Corporate Sales
August 27, 2019Mr. Paster, a Managing Director, will be based in New York and is scheduled to begin his role in the fall of 2019. He will report to Bill Mansfield, Regional Head of Global Markets for the Americas; and to Tatsuo Ichioka, Deputy Regional Head of Global Markets for the Americas.
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Entrepreneur Growth Capital (“EGC”) Closes $4MM Working Capital Facility
August 27, 2019Entrepreneur Growth Capital (“EGC”) is pleased to announce that it has closed a $4MM working capital facility to a mid-western wireless phone distributer (“the Company”).
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Jones Day Adds Intellectual Property Partner Nicole Smith in Los Angeles
August 26, 2019An accomplished trial lawyer, Ms. Smith represents clients in patent litigation concerning their most important products and key innovations. While her trial practice has focused primarily on patent litigation, she also has experience litigating trademark, copyright, trade secret, and related IP matters.
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UK’s Real Good Food Secures Credit Facility From Leumi
August 26, 2019UK-based bakery and ingredients group Real Good Food has secured a credit facility from Leumi ABL (Leumi) to repay debt.
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Pareteum Concludes Amendment to Credit Agreement
August 26, 2019Pareteum Corporation (Nasdaq: TEUM), the rapidly growing cloud communications platform company, today announced that it has successfully concluded an Amendment to the Credit Agreement dated February 26, 2019, with its senior secured lender, Post Road Group.
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Lisa Adams Joins UMB Capital Finance
August 26, 2019UMB Capital Finance is pleased to announce that Lisa Adams has joined its rapidly expanding business development team as Senior Vice President - Asset Based Lending. Lisa will cover the marketing efforts of our company’s Pacific Northwest region and will provide additional coverage to our already established California region.
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Austin Financial Services Provides $4MM Revolving Credit Facility to a Southeast-based Custom Poultry Processor & Distributor
August 26, 2019The Company was seeking a lending partner who understood the unique challenges inherent to its business and industry, but was willing to provide greater flexibility than its current bank lender.
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Axiom Bank, N.A. Promotes Joshua Ocampo as Digital Banking Relationship Manager
August 26, 2019In this role, Ocampo will oversee the continued growth of Axiom Bank’s digital services and products. Josh has been instrumental in identifying new digital channels designed to make life easier for Axiom Bank customers.
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Franklin Capital Announces New Website Launch
August 26, 2019Franklin Capital, a finance company providing multi-asset funding to small and medium-sized businesses, today announced the launch of a newly revamped website. Franklin’s redesigned site offers quick and easy access to essential company information and a comprehensive understanding of the services Franklin offers.
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Highview Capital Announces Promotions and New Hire to its Investment Team
August 26, 2019Highview Capital, LLC (“Highview”), a Los Angeles-based middle-market private equity firm, today announced the promotions of P.J. Gilbert to Principal and Kapish Haldia to Senior Associate and the addition of Kelly Cash as an Associate.
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FTI Consulting Appoints Business Transformation Experts Christopher Conover and Bill Stotzer
August 26, 2019FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Christopher Conover and Bill Stotzer as Managing Directors within its Corporate Finance & Restructuring segment, further strengthening the firm’s business and finance transformation service offerings.
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Hilco Global Report on Retail Reinforces Concerns About Fourth Quarter Sales Slowdown in Wake of China Tariff Concerns
August 26, 2019Retailers Face Tough Decisions as China Tariff Pressures Mount, authored by Tim Anderson, Sr. Vice President of Hilco Valuation Services/Retail Appraisal Operations, examines the distinct challenges now facing U.S. retailers, the actions those retailers are taking in the face of trade uncertainty, and how asset-based lenders should be thinking about their retail portfolios during this time period.
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MidCap Business Credit Closes on a Credit Facility for Long Falls Paperboard, LLC
August 26, 2019Headquartered in Brattleboro, VT, Long Falls is manufacturer of specialty fiber based paperboard.
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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
August 26, 2019July New Business Volume Up 15 Percent Year-over-year, Down 5 Percent Month-over-month and Up 3 Percent Year-to-date
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Cronos Group Inc. Enters into Credit Agreement with Cronos Growing Company Inc.
August 26, 2019Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) has entered into a credit agreement (the “Credit Agreement”), as administrative agent and lender, with Cronos Growing Company Inc. (“Cronos GrowCo” or “GrowCo”), as borrower, in respect of a $100 million secured non-revolving term loan credit facility.
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Fifth Third Business Capital Provides $9.5 Million for Ross Technology
August 26, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $9,500,000 senior credit facility to Leola, Pennsylvania-based Ross Technology Corporation (“Ross”).
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Sydney J. Darling Named TMA 2019 Emerging Leader
August 26, 2019The Turnaround Management Association (TMA) has selected Walsh Partner Sydney J. Darling as the recipient of their 2019 Emerging Leader Award. The peer‐nominated award recognizes a professional each year who brings vibrancy and energy to volunteer organizations, with innovative perspectives and fresh ideas, and honors their contribution to TMA Global.
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CES Energy Solutions Corp. Announces an Extension and Amendment to Its Syndicated Credit Facility
August 26, 2019Led by The Bank of Nova Scotia as Agent and a syndicate including Wells Fargo Bank, ATB Financial, and The Toronto-Dominion Bank, the Credit Facility consists of a Canadian Syndicated Revolving Facility of C$150.0 million, a Canadian Operating Facility of C$20.0 million, a U.S. Revolving Facility of US$50.0 million, for a total facility size of approximately C$ equivalent $236.0 million.
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Newbridge Expands Product Offering
August 22, 2019Newbridge Global Sourcing (Newbridge), an alternative capital provider, has expanded its service offering to include Accounts Receivable Financing and Asset-Based Lending in response to market need. With complementary products, Newbridge offers clients maximum funds available while helping clients improve supplier relationships.
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Crestmark Provides More Than $23 Million in Commercial Financing to 88 Businesses in the First Half of August
August 22, 2019Crestmark secured a total of $850,000 in ABL financial solutions for three new clients; Crestmark Equipment Finance provided $7,328,266 in five new lease transactions; Crestmark Vendor Finance provided $9,442,735 in 79 new lease transactions; and the Government Guaranteed Lending Division provided $5,393,000 in financing for two new clients in the first half of August.
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MUFG Strengthens Global Markets Business in the Americas With Hire of David Paster as Head of Corporate Sales
August 27, 2019Mr. Paster, a Managing Director, will be based in New York and is scheduled to begin his role in the fall of 2019. He will report to Bill Mansfield, Regional Head of Global Markets for the Americas; and to Tatsuo Ichioka, Deputy Regional Head of Global Markets for the Americas.
-
Entrepreneur Growth Capital (“EGC”) Closes $4MM Working Capital Facility
August 27, 2019Entrepreneur Growth Capital (“EGC”) is pleased to announce that it has closed a $4MM working capital facility to a mid-western wireless phone distributer (“the Company”).
-
Jones Day Adds Intellectual Property Partner Nicole Smith in Los Angeles
August 26, 2019An accomplished trial lawyer, Ms. Smith represents clients in patent litigation concerning their most important products and key innovations. While her trial practice has focused primarily on patent litigation, she also has experience litigating trademark, copyright, trade secret, and related IP matters.
-
UK’s Real Good Food Secures Credit Facility From Leumi
August 26, 2019UK-based bakery and ingredients group Real Good Food has secured a credit facility from Leumi ABL (Leumi) to repay debt.
-
Pareteum Concludes Amendment to Credit Agreement
August 26, 2019Pareteum Corporation (Nasdaq: TEUM), the rapidly growing cloud communications platform company, today announced that it has successfully concluded an Amendment to the Credit Agreement dated February 26, 2019, with its senior secured lender, Post Road Group.
-
Lisa Adams Joins UMB Capital Finance
August 26, 2019UMB Capital Finance is pleased to announce that Lisa Adams has joined its rapidly expanding business development team as Senior Vice President - Asset Based Lending. Lisa will cover the marketing efforts of our company’s Pacific Northwest region and will provide additional coverage to our already established California region.
-
Austin Financial Services Provides $4MM Revolving Credit Facility to a Southeast-based Custom Poultry Processor & Distributor
August 26, 2019The Company was seeking a lending partner who understood the unique challenges inherent to its business and industry, but was willing to provide greater flexibility than its current bank lender.
-
Axiom Bank, N.A. Promotes Joshua Ocampo as Digital Banking Relationship Manager
August 26, 2019In this role, Ocampo will oversee the continued growth of Axiom Bank’s digital services and products. Josh has been instrumental in identifying new digital channels designed to make life easier for Axiom Bank customers.
-
Franklin Capital Announces New Website Launch
August 26, 2019Franklin Capital, a finance company providing multi-asset funding to small and medium-sized businesses, today announced the launch of a newly revamped website. Franklin’s redesigned site offers quick and easy access to essential company information and a comprehensive understanding of the services Franklin offers.
-
Highview Capital Announces Promotions and New Hire to its Investment Team
August 26, 2019Highview Capital, LLC (“Highview”), a Los Angeles-based middle-market private equity firm, today announced the promotions of P.J. Gilbert to Principal and Kapish Haldia to Senior Associate and the addition of Kelly Cash as an Associate.
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FTI Consulting Appoints Business Transformation Experts Christopher Conover and Bill Stotzer
August 26, 2019FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Christopher Conover and Bill Stotzer as Managing Directors within its Corporate Finance & Restructuring segment, further strengthening the firm’s business and finance transformation service offerings.
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Hilco Global Report on Retail Reinforces Concerns About Fourth Quarter Sales Slowdown in Wake of China Tariff Concerns
August 26, 2019Retailers Face Tough Decisions as China Tariff Pressures Mount, authored by Tim Anderson, Sr. Vice President of Hilco Valuation Services/Retail Appraisal Operations, examines the distinct challenges now facing U.S. retailers, the actions those retailers are taking in the face of trade uncertainty, and how asset-based lenders should be thinking about their retail portfolios during this time period.
-
MidCap Business Credit Closes on a Credit Facility for Long Falls Paperboard, LLC
August 26, 2019Headquartered in Brattleboro, VT, Long Falls is manufacturer of specialty fiber based paperboard.
-
Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
August 26, 2019July New Business Volume Up 15 Percent Year-over-year, Down 5 Percent Month-over-month and Up 3 Percent Year-to-date
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Cronos Group Inc. Enters into Credit Agreement with Cronos Growing Company Inc.
August 26, 2019Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) has entered into a credit agreement (the “Credit Agreement”), as administrative agent and lender, with Cronos Growing Company Inc. (“Cronos GrowCo” or “GrowCo”), as borrower, in respect of a $100 million secured non-revolving term loan credit facility.
-
Fifth Third Business Capital Provides $9.5 Million for Ross Technology
August 26, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $9,500,000 senior credit facility to Leola, Pennsylvania-based Ross Technology Corporation (“Ross”).
-
Sydney J. Darling Named TMA 2019 Emerging Leader
August 26, 2019The Turnaround Management Association (TMA) has selected Walsh Partner Sydney J. Darling as the recipient of their 2019 Emerging Leader Award. The peer‐nominated award recognizes a professional each year who brings vibrancy and energy to volunteer organizations, with innovative perspectives and fresh ideas, and honors their contribution to TMA Global.
-
CES Energy Solutions Corp. Announces an Extension and Amendment to Its Syndicated Credit Facility
August 26, 2019Led by The Bank of Nova Scotia as Agent and a syndicate including Wells Fargo Bank, ATB Financial, and The Toronto-Dominion Bank, the Credit Facility consists of a Canadian Syndicated Revolving Facility of C$150.0 million, a Canadian Operating Facility of C$20.0 million, a U.S. Revolving Facility of US$50.0 million, for a total facility size of approximately C$ equivalent $236.0 million.
-
Newbridge Expands Product Offering
August 22, 2019Newbridge Global Sourcing (Newbridge), an alternative capital provider, has expanded its service offering to include Accounts Receivable Financing and Asset-Based Lending in response to market need. With complementary products, Newbridge offers clients maximum funds available while helping clients improve supplier relationships.
-
Crestmark Provides More Than $23 Million in Commercial Financing to 88 Businesses in the First Half of August
August 22, 2019Crestmark secured a total of $850,000 in ABL financial solutions for three new clients; Crestmark Equipment Finance provided $7,328,266 in five new lease transactions; Crestmark Vendor Finance provided $9,442,735 in 79 new lease transactions; and the Government Guaranteed Lending Division provided $5,393,000 in financing for two new clients in the first half of August.
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