Northern has engaged Wells Fargo Securities as Left Lead Arranger, Bookrunner and Administrative Agent. Wells Fargo Securities has obtained lender commitments to the Credit Facility for substantially more than $800 million to date, subject to customary closing conditions.

ToneyKorf Partners, LLC was hired to lead Milford Health and Medical, Inc. (“Milford”), a not-for-profit corporation in Milford, CT, that included an acute care hospital, home care agency, captive insurance company, and medical office buildings. Like many community hospitals and systems, Milford was financially and operationally struggling despite cost-cutting measures and reductions in clinical service offerings.

Vcheck Global, a leading provider of business-to-business due diligence background checks, is delighted to announce the hiring of Adam Fromowitz. Fromowitz brings nearly a decade of experience in financial, technology, and professional services to his new role as a Managing Director for Vcheck Global.

Investors who have binged on the US private credit market in the last few years are now turning to the growing specialty finance space where competition is less intense and spreads are more attractive. Because of the complexity of the lending structures, the specialty finance market is only a fraction of the size of cash flow lending, but investors are attracted to the potential for double-digit returns and the enhanced protection from asset collateralization.

After a brief resurgence in Q2 2019, lenders displayed a more adverse outlook and assessment of the U.S. economy for the near term. The GPA for the U.S. economy in the near term significantly decreased 39 percentage points to 2.38 from the Q2 2019 results of 2.77. Additionally, lenders optimism of the U.S. economy in the long term continued to weaken, slightly decreasing 3 percentage points to a 2.04 from the previous quarter’s results of 2.07.

OncoCyte said in a regulatory filing on Monday that it has entered into an amended agreement with Silicon Valley Bank for a new $3 million secured credit facility, a portion of which has been used to repay the remaining balance of approximately $400,000 on outstanding loans with the same lender plus a final payment of $116,000 under the two parties' February 2017 loan agreement.

o implement this restructuring, the Company and its domestic subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Tennessee. DURA’s non-U.S. subsidiaries are not part of the Chapter 11 filing.

Investors Bancorp, Inc. (NASDAQ: ISBC) today announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. (NYSE: ONDK). Investors Bank will deploy ODX's digital loan origination platform in a phased approach to enhance its small business lending program in select areas of its banking network.

Crestmark secured a total of $5,100,000 in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $4,048,244 in six new lease transactions; Crestmark Vendor Finance provided $8,025,138 in 81 new lease transactions; and the Government Guaranteed Lending Division provided $13,284,795 in financing for five new clients in the first half of October.

The company provides maintenance, supply and warehouse chain management, transportation, IT and base operations support personnel primarily for the U.S. military.

Worthy Lending LLC (WL) provided $1MM as the majority participant in a finance facility designed to help a well-established home furnishings company with over sixteen years of servicing the consumer. This regionally known and respected retailer lost its bank financing and required a finance facility to consolidate some of its locations and build inventory for their upcoming busy season.

The borrower will use a portion of the proceeds to acquire two senior housing communities in Florida, the 106-unit Symphony at the Waterways in Ft. Lauderdale and the 132-unit Symphony of Boca Raton.

U.S. Bank has hired real-time payments industry veteran Peter Gordon to lead emerging payments efforts across the company. In this new role, Gordon will oversee the strategy and product development of emerging payments products and services at U.S. Bank.

Buyers and suppliers can now optimize their working capital by leveraging Supply Chain Finance's enhanced technical capabilities and product expertise to structure, implement and manage programs.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL credit facility to a Midwest-based Full-Service Courier Company that provides parcel delivery throughout the country.

Equity Partners HG announced it acted as the exclusive investment banker to Asheboro Elastics Corp in the placement of its new senior secured debt. Asheboro Elastics Corp (“Asheboro” or the “Company”) is a privately-held, leading producer of knitted and woven narrow fabrics for the apparel and bedding industries.

West Creek, a U.S.-based fintech company that provides point-of-sale financing, announced on Thursday it secured a $150 million credit facility from Pollen Street Capital, bringing the company’s total credit facility capacity to $250 million.

Stonebriar Commercial Finance (“SCF”) is pleased to announce that Michael J. Renck, CFA joined the company as Senior Financial Analyst effective October 15, 2019. Michael joins SCF from its equity sponsor, Eldridge Industries, where he was instrumental in the development and application of financial models for SCF and other Eldridge portfolio companies.

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a growing distribution and warehousing company based in California and Georgia. Proceeds of the facility were used to refinance existing bank debt and to support increased working capital needs.