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Crestmark Welcomes Jon Ellis to Expanding Renewable Energy Division
September 19, 2019Crestmark is pleased to announce the appointment of Jon Ellis as vice president, renewable energy. Based in North Carolina, he will report to Crestmark President Mick Goik. With the addition of Ellis, Crestmark strategically increases a company focus on financing for the renewable energy landscape.
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CUMULUS MEDIA Announces Pricing of $525 Million Senior Secured Term Loan B
September 19, 2019Upon the closing of the new term loan, which is expected next week, Cumulus will have fully refinanced the $1.3 billion term loan that the Company assumed upon emergence from Chapter 11 on June 4, 2018.
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High Road Cap Portfolio Company U-C-Coatings Acquires Eco Chemical
September 19, 2019High Road Capital Partners (www.highroadcap.com) announced today that its portfolio company U-C Coatings (www.uccoatings.com) has completed the acquisition of the assets of the stains and industrial coatings business of Eco Chemical, Inc. (www.ecochemical.com), marking the company’s second acquisition under High Road’s ownership.
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CIT Serves as Co-Lead Arranger on $90.6 Million Financing for Multifamily Project in Washington, D.C.
September 19, 2019CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C.
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Axiom Bank, N.A. Hires Joe Dear as SVP, Commercial Team Lead
September 19, 2019Axiom Bank N.A., a Maitland-based, leading community bank, recently hired Joe Dear as SVP, Commercial Team Lead. In this role, Dear is responsible for helping the bank’s commercial clients in Central Florida grow their businesses.
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Wells Fargo Extends Long-standing Financing Relationship with Doosan Businesses
September 19, 2019Wells Fargo & Company (NYSE: WFC) today announced the extension of its vendor financing relationship with Doosan and its businesses – including Bobcat Company, the compact machinery maker and distributor – through December 2023.
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Briar Capital Real Estate Fund LLC Provides a $2.6 Million Real Estate Term Loan to a Seafood Processor and Distributor
September 18, 2019The collateral-based real estate loan is secured by a single-story building with elements of both cold storage and refrigerated space ideally located near the famed Fulton Street Fish Market.
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For a Second day, the New York Fed Spent Billions to Calm the Financial Market
September 18, 2019For the second day in a row, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress that has emerged in the overnight lending market.
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Citizens Capital Markets, Inc. Advises Trigon Holding on its Divestiture of StelKast
September 18, 2019Citizens Capital Markets, Inc., announced today that it served as the exclusive financial advisor to Trigon Holding, Inc. in the sale of substantially all of the assets of StelKast, Inc. to Globus Medical, Inc.
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Hogan Lovells Adds Former Delaware Court Judge Kevin Carey as Partner
September 18, 2019Judge Carey joins the firm following his retirement on August 31 from the United States Bankruptcy Court, District of Delaware, where he earned a reputation for being one of the nation’s top bankruptcy judges.
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First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround Situation
September 18, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $11,000,000 revolving line of credit facility for a restaurant supplies distributor in Oregon.
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CIT Names David Bagatelle Head of Relationship Commercial Banking, Eastern Region
September 18, 2019In this role, Bagatelle will deliver an integrated product offering from across CIT to small and midsized clients, as well as their owners and senior managers, in the region.
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BlueVine Appoints FinTech Veteran Brad Brodigan as Chief Commercial Officer
September 18, 2019BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer. In this role, Brodigan will be responsible for overseeing revenue-generating functions including sales, customer service, and partner management.
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Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions
September 18, 2019In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit.
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Pacific Mercantile Bank Provides $5.0 Million Credit Facility to RoadEx America
September 18, 2019Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), today announced that it has provided a $5.0 million credit facility to RoadEx America. In addition to the financing, RoadEx utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management servi
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Peabody Closes On $565 Million Revolving Credit Facility
September 18, 2019Peabody (NYSE: BTU) announced today that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative.
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Fintech Firm OppLoans Announces Its First Bank-Led Credit Facility
September 18, 2019The industry leading financing structure will strengthen OppLoans’ mission of expanding credit access to underserved consumers.
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Encina Business Credit Provides $65 Million Facility to Leading Oilfield Services Provider
September 17, 2019This facility consists of a revolving line of credit based on accounts receivable. The loan proceeds will be used to refinance an existing facility and to support working capital.
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SG Credit Receives $113 Million Investment; Andrew Hettinger Joins as Chief Investment Officer, Lon Brown Joins as Senior Credit Advisor, Christopher Koenig Joins as Managing Director, East Coast
September 17, 2019MidMark Financial Group along with The Cynosure Group and The 4612 Group, announced a significant closing of $113 million in growth capital to acquire majority control of SG Credit Partners, Inc., in partnership with management. This investment is the initial phase of a plan to build SG Credit into a leading multi-product opportunistic credit platform.
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Accord Financial Corp. and Concentra Bank Announce Strategic Alliance and Private Placement of Convertible Unsecured Subordinated Debentures
September 17, 2019Accord Financial Corp. (TSX – ACD) ("Accord") and Concentra Bank ("Concentra") are pleased to announce the formation of a strategic alliance and a $5 million private placement of convertible unsecured subordinated debentures. The strategic alliance, expected to be formalized by September 30, will allow both parties to deliver a broader range of banking and financing solutions to their clients, clearly enhancing the value they deliver in their respective markets. Accord and Concentra will also consider developing new products together as opportunities arise.
-
Crestmark Welcomes Jon Ellis to Expanding Renewable Energy Division
September 19, 2019Crestmark is pleased to announce the appointment of Jon Ellis as vice president, renewable energy. Based in North Carolina, he will report to Crestmark President Mick Goik. With the addition of Ellis, Crestmark strategically increases a company focus on financing for the renewable energy landscape.
-
CUMULUS MEDIA Announces Pricing of $525 Million Senior Secured Term Loan B
September 19, 2019Upon the closing of the new term loan, which is expected next week, Cumulus will have fully refinanced the $1.3 billion term loan that the Company assumed upon emergence from Chapter 11 on June 4, 2018.
-
High Road Cap Portfolio Company U-C-Coatings Acquires Eco Chemical
September 19, 2019High Road Capital Partners (www.highroadcap.com) announced today that its portfolio company U-C Coatings (www.uccoatings.com) has completed the acquisition of the assets of the stains and industrial coatings business of Eco Chemical, Inc. (www.ecochemical.com), marking the company’s second acquisition under High Road’s ownership.
-
CIT Serves as Co-Lead Arranger on $90.6 Million Financing for Multifamily Project in Washington, D.C.
September 19, 2019CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C.
-
Axiom Bank, N.A. Hires Joe Dear as SVP, Commercial Team Lead
September 19, 2019Axiom Bank N.A., a Maitland-based, leading community bank, recently hired Joe Dear as SVP, Commercial Team Lead. In this role, Dear is responsible for helping the bank’s commercial clients in Central Florida grow their businesses.
-
Wells Fargo Extends Long-standing Financing Relationship with Doosan Businesses
September 19, 2019Wells Fargo & Company (NYSE: WFC) today announced the extension of its vendor financing relationship with Doosan and its businesses – including Bobcat Company, the compact machinery maker and distributor – through December 2023.
-
Briar Capital Real Estate Fund LLC Provides a $2.6 Million Real Estate Term Loan to a Seafood Processor and Distributor
September 18, 2019The collateral-based real estate loan is secured by a single-story building with elements of both cold storage and refrigerated space ideally located near the famed Fulton Street Fish Market.
-
For a Second day, the New York Fed Spent Billions to Calm the Financial Market
September 18, 2019For the second day in a row, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress that has emerged in the overnight lending market.
-
Citizens Capital Markets, Inc. Advises Trigon Holding on its Divestiture of StelKast
September 18, 2019Citizens Capital Markets, Inc., announced today that it served as the exclusive financial advisor to Trigon Holding, Inc. in the sale of substantially all of the assets of StelKast, Inc. to Globus Medical, Inc.
-
Hogan Lovells Adds Former Delaware Court Judge Kevin Carey as Partner
September 18, 2019Judge Carey joins the firm following his retirement on August 31 from the United States Bankruptcy Court, District of Delaware, where he earned a reputation for being one of the nation’s top bankruptcy judges.
-
First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround Situation
September 18, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $11,000,000 revolving line of credit facility for a restaurant supplies distributor in Oregon.
-
CIT Names David Bagatelle Head of Relationship Commercial Banking, Eastern Region
September 18, 2019In this role, Bagatelle will deliver an integrated product offering from across CIT to small and midsized clients, as well as their owners and senior managers, in the region.
-
BlueVine Appoints FinTech Veteran Brad Brodigan as Chief Commercial Officer
September 18, 2019BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer. In this role, Brodigan will be responsible for overseeing revenue-generating functions including sales, customer service, and partner management.
-
Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions
September 18, 2019In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit.
-
Pacific Mercantile Bank Provides $5.0 Million Credit Facility to RoadEx America
September 18, 2019Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), today announced that it has provided a $5.0 million credit facility to RoadEx America. In addition to the financing, RoadEx utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management servi
-
Peabody Closes On $565 Million Revolving Credit Facility
September 18, 2019Peabody (NYSE: BTU) announced today that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative.
-
Fintech Firm OppLoans Announces Its First Bank-Led Credit Facility
September 18, 2019The industry leading financing structure will strengthen OppLoans’ mission of expanding credit access to underserved consumers.
-
Encina Business Credit Provides $65 Million Facility to Leading Oilfield Services Provider
September 17, 2019This facility consists of a revolving line of credit based on accounts receivable. The loan proceeds will be used to refinance an existing facility and to support working capital.
-
SG Credit Receives $113 Million Investment; Andrew Hettinger Joins as Chief Investment Officer, Lon Brown Joins as Senior Credit Advisor, Christopher Koenig Joins as Managing Director, East Coast
September 17, 2019MidMark Financial Group along with The Cynosure Group and The 4612 Group, announced a significant closing of $113 million in growth capital to acquire majority control of SG Credit Partners, Inc., in partnership with management. This investment is the initial phase of a plan to build SG Credit into a leading multi-product opportunistic credit platform.
-
Accord Financial Corp. and Concentra Bank Announce Strategic Alliance and Private Placement of Convertible Unsecured Subordinated Debentures
September 17, 2019Accord Financial Corp. (TSX – ACD) ("Accord") and Concentra Bank ("Concentra") are pleased to announce the formation of a strategic alliance and a $5 million private placement of convertible unsecured subordinated debentures. The strategic alliance, expected to be formalized by September 30, will allow both parties to deliver a broader range of banking and financing solutions to their clients, clearly enhancing the value they deliver in their respective markets. Accord and Concentra will also consider developing new products together as opportunities arise.
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