Expansion of Operating Line of Credit to $4.5 Million; Renewal of $3 Million Acquisition Line of Credit

Conifex Timber Inc. (TSX: CFF) (“Conifex”) announced today that it has amended its lumber segment senior secured credit facility with its senior lenders to, among other things, provide additional short-term liquidity and waive certain covenants and milestones.

U.S. Xpress Enterprises, Inc. (NYSE:USX) (the “Company”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it has amended the Company’s credit facility.

Rayonier Advanced Materials Inc. (the “Company”) today announced that it has reached agreement with lenders under its Senior Secured Credit Agreement and entered into an amendment (the “Amendment”) under which, among other changes, the lenders have agreed to relax the Total Net Senior First Lien Secured Leverage Ratio and Interest Coverage Ratio tests through 2021.

Modeso LLC dba RapidFunds ("RapidFunds" or the "Company") announced today that it has closed on a $70 million term loan facility, consisting of a $40 million delayed draw term loan and $30 million accordion feature, with a multi-billion dollar institutional investment firm.

The funds will be used to pay off the previous lender and provide additional working capital for the company.

Gibraltar Business Capital, an industry leader in alternative financing for middle-market businesses, announced an increase in its credit line with Wells Fargo, N.A. In 2018, Wells Fargo raised Gibraltar’s facility from $75 million to $100 million. This new increase takes the line up to $125 million, giving the asset-based lender additional capacity to serve its market.

Capital One announced today that it led a senior credit facility in support of the acquisition of Daniele International, LLC (“Daniele” or the “Company”) by Entrepreneurial Equity Partners (“e2p”). Capital One acted as lead arranger and administrative agent for the transaction.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, is pleased to announce that Chris Creger, Principal, and Antony Walker, Principal, are among this year’s Turnaround Management Association (TMA) Turnaround and Transaction of the Year award-winners.

Charlotte-based equipment and accounts receivable finance company is the only company to be named to the North Carolina Mid-Market Fast 40 List for eight consecutive years.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that distributes dry and frozen vegetarian food products.

Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company”) is pleased to announce that on September 27, 2019 it closed its previously announced senior secured revolving credit facility (“NBF Facility”), with National Bank Financial Inc. (“NBF”) acting as the sole arranger.

The bank syndication supporting the new facility is comprised of a diverse group of eight banks led by JPMorgan Chase Bank, N.A. as Administrative Agent and BMO Harris Bank, N.A as Syndication Agent.

Applied Data Finance, LLC (ADF), a leading technology-enabled lender and asset manager, announced today that it has upsized its current senior credit facility with Victory Park Capital Advisors, LLC (VPC) from $200 million to $350 million.

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $9.2 billion, up 3 percent year-over-year from new business volume in August 2018.

CPS Technologies Corporation (CPSH) today announced that it has entered into a new three year $2.5 million credit facility with The Massachusetts Business Development Corporation.

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the closing of the private offering of $300 million in aggregate principal amount of 5.75% senior unsecured notes due February 1, 2028 (the “Notes”).

The Board of Directors of Wells Fargo & Company (NYSE: WFC) announced today that it has named Charles W. Scharf as the company’s chief executive officer and president, and a member of the Board of Directors, effective October 21. Scharf was chairman and CEO of Bank of New York Mellon.

The acquisition will strengthen City National Bank’s position as the third-largest bank based in Florida, one of the most robust financial services markets in the nation.

36th Street Capital Partners LLC (“36th Street Capital”), an independent provider of alternative funding solutions for the equipment financing industry, announced the appointment of Matthew Ozanich as Vice President of Risk Management.