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Ares Commercial Finance Adds West Coast Managing Director
September 25, 2019Ares Commercial Finance (“ACF”) announced that James Paterson has joined as Managing Director, Business Development Officer in Los Angeles, where he will focus on originating asset-based lending opportunities on the West Coast. Mr. Paterson reports to John Nooney, Managing Director at ACF.
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Qorvo Announces Proposed $300 Million Senior Notes Offering
September 25, 2019Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it proposes to offer, subject to market conditions and other factors, $300 million principal amount of senior notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.
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Tradewind Announces Export Factoring Facility for Electronics Company in Hong Kong
September 25, 2019Tradewind has closed a $2 million export factoring facility for an electronics company based in Hong Kong that sells items such as smart watches, smart bands, and tablets to traders and retailers globally. The company is able to extend open account payment terms to their customers and continue to grow their business with Tradewind’s funding in place.
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Holley Cold Storage & Produce Co. and Holli-Pac, Inc. Seeks Buyer
September 25, 2019Holley Cold Storage Fruit & Produce Co. and Holli-Pac, Inc., two cold storage facilities with co-packing lines, have retained Equity Partners HG, in conjunction with Tranzon Properties of NY, LLC, to seek a buyer for the business and/or real estate of both locations either independently or combined.
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J D Factors Announces Factoring Facilities
September 25, 2019
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CIT Serves as Sole Lead Arranger on Financing for Technology Consulting and Services Firm
September 24, 2019CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business has arranged an $18 million financing package for Denovo Ventures LLC.
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TAB Bank Provides Trucking Company in Montana with a $1 Million Revolving Credit Facility
September 24, 2019TAB Bank is pleased to announce it has provided a $1 million revolving credit facility for a trucking company based in Montana. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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FSW Funding Announces New Director of Operations
September 24, 2019FSW Funding, a Phoenix-based company that specializes in financing solutions for small and mid-size businesses, recently hired Todd Weber as Director of Operations. Weber will manage the FSW factoring and asset based lending portfolios to minimize risk and increase operational efficiency.
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Moritt Hock & Hamroff Partner Leslie Berkoff Appointed by Court of Appeals for the Second Circuit to Mediator Panel
September 24, 2019The appointment is for a three-year term that begins on October 1, 2019 at which time Ms. Berkoff will join a select group of highly-experienced mediators assisting the Second Circuit with appellate disputes.
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Great Rock Continues Expansion, Adds Northeast Originator
September 24, 2019Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Randy Lederman has joined the firm as Managing Director of Originations.
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Burr & Forman Expands in Wilmington Delaware
September 24, 2019Burr & Forman announces the addition of Russell Heller to the firm’s Wilmington, Delaware office as an associate. He joins the Creditors’ Rights & Bankruptcy Practice Group, where he will work on bankruptcy and restructuring engagements.
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Amerisource Closes $3,000,000 Credit Facility for Transportation Company
September 24, 2019Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a long haul trucking company based in Ohio. Proceeds of the facility are being used to finance an acquisition.
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Auxly Announces Closing of Previously Announced $84 Million Credit Facilities Through its Joint Venture Partner, Sunens Farms Inc.
September 24, 2019Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has closed the previously announced $84 million syndicated credit facilities, with the Bank of Montreal (“BMO”) as Lead Underwriter.
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US Capital Global Advises on $8 Million Credit Facility for Digital Publishing Distributor
September 24, 2019San Francisco-based private financial group provides financial advisory services to global digital publishing distributor.
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Crystal Financial Agents Senior Credit Facility for CDS
September 24, 2019Crystal Financial LLC announced the closing of a Senior Credit Facility for Computer Data Source (“CDS” or “the Company”) An accordion facility was also provided. CDS is a leading specialist provider of enterprise-level data center third-party maintenance, focused on high-end data storage.
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Monroe Capital Sponsors Second SPAC - Thunder Bridge Acquisition II, Ltd.
September 24, 2019Monroe Capital LLC today announced it co-sponsored Thunder Bridge Acquisition II, Ltd. (“Thunder Bridge II”), a special purpose acquisition company (“SPAC”). This is the second SPAC that Monroe Capital has co-sponsored. Last year, Monroe Capital co-sponsored Thunder Bridge Acquisition, Ltd. and supported its successful business combination with Repay Holdings Corporation (NASDAQ: RPAY).
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Triumph Group Completes Refinancing Transactions
September 24, 2019Triumph Group, Inc. ("Triumph") (TGI) today announced the closing of its previously announced offering of $525.0 million in aggregate principal amount of senior secured notes due 2024 (the "Notes"), the amendment and extension of its credit facility, and the prepayment and discharge of its 4.875% Senior Notes due 2021 (the "2021 Notes"), which have been called for redemption.
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Raven Industries Announces Replacement of Corporate Credit Facility
September 24, 2019Raven Industries, Inc. (the Company) (RAVN), announced today that it has entered a new, three-year, $100 million senior unsecured multi-currency revolving credit facility (the “Credit Facility”), with BofA Securities, Inc. acting as sole bookrunner and lead arranger.
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Business Capital Delivers $16.5 Million Financing for Premier Fruit Company
September 24, 2019Business Capital structured and delivered a $16.5MM project finance loan for Naumes, Inc., a family-owned operation that has been growing, packing, storing and selling tree fruit for over seven decades to domestic and international markets.
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sPower Closes Debt and Tax Equity Financing for 218 MW Wind Farm
September 23, 2019sPower, a leading renewable energy Independent Power Producer (IPP), today announced that the company closed on the debt financing and tax equity commitment for Prevailing Wind Park, in Bon Homme, Charles Mix and Hutchinson Counties in South Dakota.
-
Ares Commercial Finance Adds West Coast Managing Director
September 25, 2019Ares Commercial Finance (“ACF”) announced that James Paterson has joined as Managing Director, Business Development Officer in Los Angeles, where he will focus on originating asset-based lending opportunities on the West Coast. Mr. Paterson reports to John Nooney, Managing Director at ACF.
-
Qorvo Announces Proposed $300 Million Senior Notes Offering
September 25, 2019Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, today announced that it proposes to offer, subject to market conditions and other factors, $300 million principal amount of senior notes due 2029 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.
-
Tradewind Announces Export Factoring Facility for Electronics Company in Hong Kong
September 25, 2019Tradewind has closed a $2 million export factoring facility for an electronics company based in Hong Kong that sells items such as smart watches, smart bands, and tablets to traders and retailers globally. The company is able to extend open account payment terms to their customers and continue to grow their business with Tradewind’s funding in place.
-
Holley Cold Storage & Produce Co. and Holli-Pac, Inc. Seeks Buyer
September 25, 2019Holley Cold Storage Fruit & Produce Co. and Holli-Pac, Inc., two cold storage facilities with co-packing lines, have retained Equity Partners HG, in conjunction with Tranzon Properties of NY, LLC, to seek a buyer for the business and/or real estate of both locations either independently or combined.
-
J D Factors Announces Factoring Facilities
September 25, 2019
-
CIT Serves as Sole Lead Arranger on Financing for Technology Consulting and Services Firm
September 24, 2019CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business has arranged an $18 million financing package for Denovo Ventures LLC.
-
TAB Bank Provides Trucking Company in Montana with a $1 Million Revolving Credit Facility
September 24, 2019TAB Bank is pleased to announce it has provided a $1 million revolving credit facility for a trucking company based in Montana. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
-
FSW Funding Announces New Director of Operations
September 24, 2019FSW Funding, a Phoenix-based company that specializes in financing solutions for small and mid-size businesses, recently hired Todd Weber as Director of Operations. Weber will manage the FSW factoring and asset based lending portfolios to minimize risk and increase operational efficiency.
-
Moritt Hock & Hamroff Partner Leslie Berkoff Appointed by Court of Appeals for the Second Circuit to Mediator Panel
September 24, 2019The appointment is for a three-year term that begins on October 1, 2019 at which time Ms. Berkoff will join a select group of highly-experienced mediators assisting the Second Circuit with appellate disputes.
-
Great Rock Continues Expansion, Adds Northeast Originator
September 24, 2019Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Randy Lederman has joined the firm as Managing Director of Originations.
-
Burr & Forman Expands in Wilmington Delaware
September 24, 2019Burr & Forman announces the addition of Russell Heller to the firm’s Wilmington, Delaware office as an associate. He joins the Creditors’ Rights & Bankruptcy Practice Group, where he will work on bankruptcy and restructuring engagements.
-
Amerisource Closes $3,000,000 Credit Facility for Transportation Company
September 24, 2019Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a long haul trucking company based in Ohio. Proceeds of the facility are being used to finance an acquisition.
-
Auxly Announces Closing of Previously Announced $84 Million Credit Facilities Through its Joint Venture Partner, Sunens Farms Inc.
September 24, 2019Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has closed the previously announced $84 million syndicated credit facilities, with the Bank of Montreal (“BMO”) as Lead Underwriter.
-
US Capital Global Advises on $8 Million Credit Facility for Digital Publishing Distributor
September 24, 2019San Francisco-based private financial group provides financial advisory services to global digital publishing distributor.
-
Crystal Financial Agents Senior Credit Facility for CDS
September 24, 2019Crystal Financial LLC announced the closing of a Senior Credit Facility for Computer Data Source (“CDS” or “the Company”) An accordion facility was also provided. CDS is a leading specialist provider of enterprise-level data center third-party maintenance, focused on high-end data storage.
-
Monroe Capital Sponsors Second SPAC - Thunder Bridge Acquisition II, Ltd.
September 24, 2019Monroe Capital LLC today announced it co-sponsored Thunder Bridge Acquisition II, Ltd. (“Thunder Bridge II”), a special purpose acquisition company (“SPAC”). This is the second SPAC that Monroe Capital has co-sponsored. Last year, Monroe Capital co-sponsored Thunder Bridge Acquisition, Ltd. and supported its successful business combination with Repay Holdings Corporation (NASDAQ: RPAY).
-
Triumph Group Completes Refinancing Transactions
September 24, 2019Triumph Group, Inc. ("Triumph") (TGI) today announced the closing of its previously announced offering of $525.0 million in aggregate principal amount of senior secured notes due 2024 (the "Notes"), the amendment and extension of its credit facility, and the prepayment and discharge of its 4.875% Senior Notes due 2021 (the "2021 Notes"), which have been called for redemption.
-
Raven Industries Announces Replacement of Corporate Credit Facility
September 24, 2019Raven Industries, Inc. (the Company) (RAVN), announced today that it has entered a new, three-year, $100 million senior unsecured multi-currency revolving credit facility (the “Credit Facility”), with BofA Securities, Inc. acting as sole bookrunner and lead arranger.
-
Business Capital Delivers $16.5 Million Financing for Premier Fruit Company
September 24, 2019Business Capital structured and delivered a $16.5MM project finance loan for Naumes, Inc., a family-owned operation that has been growing, packing, storing and selling tree fruit for over seven decades to domestic and international markets.
-
sPower Closes Debt and Tax Equity Financing for 218 MW Wind Farm
September 23, 2019sPower, a leading renewable energy Independent Power Producer (IPP), today announced that the company closed on the debt financing and tax equity commitment for Prevailing Wind Park, in Bon Homme, Charles Mix and Hutchinson Counties in South Dakota.
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