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Pacific Western Bank’s Corporate Asset Finance Group Hires Columbus Johnson
October 27, 2019Pacific Western Bank is pleased to announce the addition of Columbus Johnson as Senior Vice President, Originations. Johnson has worked in the equipment finance and leasing industry for 20 years. In his new role with the Bank, Johnson will be responsible for originating and structuring new business opportunities, with a focus on the rail and power sectors.
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Shulman Rogers Welcomes R. Timothy Bryan To Lead Commercial Finance Practice
October 27, 2019Shulman Rogers is pleased to announce that R. Timothy Bryan has joined the firm as Chair of the Commercial Finance Practice. During his 30-year legal career, Tim has amassed significant knowledge in the corporate finance arena, concentrating on commercial finance transactions ranging from $5 million to in excess of $500 million across a myriad of industries such as manufacturing and distribution, healthcare and biotech, telecommunications and IT, government contracting, media and marketing, cannabis and other business services.
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Stonebriar Completes $150.0 Million Investment Grade Offering of Unsecured Notes Due 2024
October 27, 2019Stonebriar Commercial Finance (“Stonebriar” or the “Company”), an Eldridge Industries business and a leading independent large-ticket commercial finance company, today announced the closing of a private issuance of $150.0 million aggregate principal amount of notes due 2024 initially assigned a “BBB (low)” rating by DBRS, Inc. (the “Notes”).
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Reliant Bancorp to Acquire Tennessee’s First Advantage Bank
October 24, 2019Reliant Bancorp, Inc. (“Reliant”) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that it has entered into a definitive agreement to acquire First Advantage Bancorp (“FABK”), the parent company for First Advantage Bank (“FAB”), located in Clarksville, Tennessee.
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Cambridge Wilkinson Investment Banking Announces Transaction
October 24, 2019Cambridge Wilkinson arranged $75 million in debt for a multi-strategy real estate development firm focusing on workforce housing, ground up-development and tax credit-related estate transactions.
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SSG Advises Mairec Precious Metals U.S., Inc. in the Sale of Substantially All of its Assets to BASF Corporation
October 24, 2019SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Mairec Precious Metals U.S., Inc. ("Mairec" or the "Company") in the sale of substantially all of its assets to BASF Corporation ("BASF"). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of South Carolina. The transaction closed in October 2019.
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Oxford Finance Provides Credit Facility to Acquire Kansas Skilled Nursing Portfolio
October 24, 2019Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a term loan to a portfolio company of Skyway Group that will be managed by Mission Health Communities LLC ("Mission Health"), a provider of senior living and skilled rehabilitation communities. The funds will be used for the acquisition of 15 skilled nursing facilities in Kansas.
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First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround
October 24, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $12,000,000 revolving line of credit facility and real estate term loan for a home and bath storage products distributor in Oregon.
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Gateway Trade Funding Completes Two New Transactions
October 24, 2019
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Allied Affiliated Funding Announces Closed Transactions
October 24, 2019Allied Affiliated Funding closed $500,000 in receivables financing to a Texas-based company that provides staffing services, primarily to the oil and gas industry and $150,000 in receivables financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies.
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Amerisource Closes $1,000,000 Credit Facility for Developer Company
October 24, 2019Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a web and applications developer based in Illinois. Proceeds of the facility are being used to support the Company’s growth.
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FTI Consulting Launches M&A Advisory Offering in Spain
October 23, 2019FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Juan Carlos Raposo as a Senior Managing Director in Madrid to lead its M&A Advisory offering, FTI Capital Advisors Spain. With the appointment of Mr. Raposo, FTI Consulting expands its global footprint for M&A services to serve clients in Spain and throughout Europe.
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LendingUSA Announces New $250 Million Investment Commitment from Atalaya
October 23, 2019The announcement comes as LendingUSA, a leading point-of-sale (POS) fintech company that offers merchants a seamless financing solution with access to instant pre-approval decisions, promotional financing terms and low monthly payment options, continues to see rapid growth in its markets.
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CRH Medical Announces New Revolving Credit Facility
October 23, 2019CRH Medical Corporation (TSX: CRH) (NYSE MKT: CRHM) ("CRH" or the "Company") today announced that it has entered into a new, three year revolving credit facility (the "new facility"), which provides up to $200 million in borrowing capacity, and represents an increase from the company's previous $100 million facility.
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Houlihan Lokey to Acquire Freeman & Co.
October 23, 2019Acquisition bolsters firm’s capabilities in investment banking to the broker-dealer, asset management, and wealth management sectors.
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Amerisource Closes $25,000,000 Credit Facility for Oil Field Services Company
October 23, 2019Amerisource Business Capital announced the closing and funding of a $25,000,000 credit facility for an oil field services company based in Texas and Oklahoma.
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Santander Agrees to Sell its Retail and Commercial Banking Franchise in Puerto Rico to FirstBank Puerto Rico for Approximately $1.1 Billion
October 22, 2019Santander today announces that it has agreed to sell its retail and commercial banking franchise in Puerto Rico, Santander Bancorp (the holding company that includes Banco Santander Puerto Rico), to FirstBank Puerto Rico, for a total consideration of approximately $1.1 billion (€1 billion) 1. Banco Santander Puerto Rico is the fourth largest banking franchise on the Island with a deposit market share of c.8%. It has 27 branches and 1,000 employees, with total assets of $6.2 billion (€5.6 billion).
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Santander Bank Expands Suite of U.S. Commercial Banking Solutions with Santander Cash Nexus Platform
October 22, 2019Santander Bank today unveiled its global Santander Cash Nexus solution for Commercial Banking and Corporate and Investment Banking clients in North America. This new platform offers clients a comprehensive suite of global connectivity solutions and provides access to local payment initiation and information reporting services in 15 markets around the world via a single point of entry.
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Aligned Energy Secures Nearly $500 Million Facility to Support Expansion Plans
October 22, 2019Aligned Energy, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announced today it has completed a $495 million secured credit facility with investors including Goldman Sachs Bank USA, CPPIB Credit Investments Inc. (CPPIB Credit), a subsidiary of the Canada Pension Plan Investment Board, and a global investment management corporation.
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Sallyport Commercial Finance Supplies Credit Facility to Food Manufacturer
October 22, 2019Sallyport Commercial Finance offers a $500,000 accounts receivable facility, including a small purchase order solution that helps fuel future growth.
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Pacific Western Bank’s Corporate Asset Finance Group Hires Columbus Johnson
October 27, 2019Pacific Western Bank is pleased to announce the addition of Columbus Johnson as Senior Vice President, Originations. Johnson has worked in the equipment finance and leasing industry for 20 years. In his new role with the Bank, Johnson will be responsible for originating and structuring new business opportunities, with a focus on the rail and power sectors.
-
Shulman Rogers Welcomes R. Timothy Bryan To Lead Commercial Finance Practice
October 27, 2019Shulman Rogers is pleased to announce that R. Timothy Bryan has joined the firm as Chair of the Commercial Finance Practice. During his 30-year legal career, Tim has amassed significant knowledge in the corporate finance arena, concentrating on commercial finance transactions ranging from $5 million to in excess of $500 million across a myriad of industries such as manufacturing and distribution, healthcare and biotech, telecommunications and IT, government contracting, media and marketing, cannabis and other business services.
-
Stonebriar Completes $150.0 Million Investment Grade Offering of Unsecured Notes Due 2024
October 27, 2019Stonebriar Commercial Finance (“Stonebriar” or the “Company”), an Eldridge Industries business and a leading independent large-ticket commercial finance company, today announced the closing of a private issuance of $150.0 million aggregate principal amount of notes due 2024 initially assigned a “BBB (low)” rating by DBRS, Inc. (the “Notes”).
-
Reliant Bancorp to Acquire Tennessee’s First Advantage Bank
October 24, 2019Reliant Bancorp, Inc. (“Reliant”) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that it has entered into a definitive agreement to acquire First Advantage Bancorp (“FABK”), the parent company for First Advantage Bank (“FAB”), located in Clarksville, Tennessee.
-
Cambridge Wilkinson Investment Banking Announces Transaction
October 24, 2019Cambridge Wilkinson arranged $75 million in debt for a multi-strategy real estate development firm focusing on workforce housing, ground up-development and tax credit-related estate transactions.
-
SSG Advises Mairec Precious Metals U.S., Inc. in the Sale of Substantially All of its Assets to BASF Corporation
October 24, 2019SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Mairec Precious Metals U.S., Inc. ("Mairec" or the "Company") in the sale of substantially all of its assets to BASF Corporation ("BASF"). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of South Carolina. The transaction closed in October 2019.
-
Oxford Finance Provides Credit Facility to Acquire Kansas Skilled Nursing Portfolio
October 24, 2019Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a term loan to a portfolio company of Skyway Group that will be managed by Mission Health Communities LLC ("Mission Health"), a provider of senior living and skilled rehabilitation communities. The funds will be used for the acquisition of 15 skilled nursing facilities in Kansas.
-
First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround
October 24, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $12,000,000 revolving line of credit facility and real estate term loan for a home and bath storage products distributor in Oregon.
-
Gateway Trade Funding Completes Two New Transactions
October 24, 2019
-
Allied Affiliated Funding Announces Closed Transactions
October 24, 2019Allied Affiliated Funding closed $500,000 in receivables financing to a Texas-based company that provides staffing services, primarily to the oil and gas industry and $150,000 in receivables financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies.
-
Amerisource Closes $1,000,000 Credit Facility for Developer Company
October 24, 2019Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a web and applications developer based in Illinois. Proceeds of the facility are being used to support the Company’s growth.
-
FTI Consulting Launches M&A Advisory Offering in Spain
October 23, 2019FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Juan Carlos Raposo as a Senior Managing Director in Madrid to lead its M&A Advisory offering, FTI Capital Advisors Spain. With the appointment of Mr. Raposo, FTI Consulting expands its global footprint for M&A services to serve clients in Spain and throughout Europe.
-
LendingUSA Announces New $250 Million Investment Commitment from Atalaya
October 23, 2019The announcement comes as LendingUSA, a leading point-of-sale (POS) fintech company that offers merchants a seamless financing solution with access to instant pre-approval decisions, promotional financing terms and low monthly payment options, continues to see rapid growth in its markets.
-
CRH Medical Announces New Revolving Credit Facility
October 23, 2019CRH Medical Corporation (TSX: CRH) (NYSE MKT: CRHM) ("CRH" or the "Company") today announced that it has entered into a new, three year revolving credit facility (the "new facility"), which provides up to $200 million in borrowing capacity, and represents an increase from the company's previous $100 million facility.
-
Houlihan Lokey to Acquire Freeman & Co.
October 23, 2019Acquisition bolsters firm’s capabilities in investment banking to the broker-dealer, asset management, and wealth management sectors.
-
Amerisource Closes $25,000,000 Credit Facility for Oil Field Services Company
October 23, 2019Amerisource Business Capital announced the closing and funding of a $25,000,000 credit facility for an oil field services company based in Texas and Oklahoma.
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Santander Agrees to Sell its Retail and Commercial Banking Franchise in Puerto Rico to FirstBank Puerto Rico for Approximately $1.1 Billion
October 22, 2019Santander today announces that it has agreed to sell its retail and commercial banking franchise in Puerto Rico, Santander Bancorp (the holding company that includes Banco Santander Puerto Rico), to FirstBank Puerto Rico, for a total consideration of approximately $1.1 billion (€1 billion) 1. Banco Santander Puerto Rico is the fourth largest banking franchise on the Island with a deposit market share of c.8%. It has 27 branches and 1,000 employees, with total assets of $6.2 billion (€5.6 billion).
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Santander Bank Expands Suite of U.S. Commercial Banking Solutions with Santander Cash Nexus Platform
October 22, 2019Santander Bank today unveiled its global Santander Cash Nexus solution for Commercial Banking and Corporate and Investment Banking clients in North America. This new platform offers clients a comprehensive suite of global connectivity solutions and provides access to local payment initiation and information reporting services in 15 markets around the world via a single point of entry.
-
Aligned Energy Secures Nearly $500 Million Facility to Support Expansion Plans
October 22, 2019Aligned Energy, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announced today it has completed a $495 million secured credit facility with investors including Goldman Sachs Bank USA, CPPIB Credit Investments Inc. (CPPIB Credit), a subsidiary of the Canada Pension Plan Investment Board, and a global investment management corporation.
-
Sallyport Commercial Finance Supplies Credit Facility to Food Manufacturer
October 22, 2019Sallyport Commercial Finance offers a $500,000 accounts receivable facility, including a small purchase order solution that helps fuel future growth.
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