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Trillium Acquisition Corp. Announces Secured Loan Related to Business Combination Agreement
October 9, 2024Trillium Acquisition Corp. (TSXV: TCK.P) ("Trillium" or the "Company") announces pursuant to the business combination agreement entered into between the Company and Bankview 1827 Investment Corp., Capitol Hill 1426 Investment Corp., and Sunalta 1509 Development Corp. (collectively the "Vendors"), and affiliated entities, dated May 17, 2024 (the "Business Combination Agreement"), the Company intends to provide Bankview 1827 Investment Corp.
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EnWave Secures $5 Million Revolving Credit Facility with Desjardins for Growth and Working Capital Purposes
October 9, 2024EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has signed a revolving credit facility agreement (the “Credit Facility”) with Desjardins Tech & Innovation Banking of the Desjardins Group (“Desjardins”), the largest financial cooperative in North America. The amount available to the Company under the facility is calculated as the lesser of $5 million and a function of royalties, receivables and inventory.
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HAPO Community Credit Union Expands with Acquisition of Community First Bank
October 9, 2024HAPO Community Credit Union, a leading credit union, and Community First Bank, a trusted provider of financial services in Tri Cities region, jointly announced today that they have entered into a definitive agreement under which HAPO Community Credit Union will acquire Community First Bank.
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Aerovironment, Inc. Enters into That Certain Third Amendment to Credit Agreement Relating to Its Existing Credit Agreement
October 9, 2024On October 4, 2024, AeroVironment, Inc., as borrower, and its wholly owned subsidiaries Arcturus UAV, Inc. and Tomahawk Robotics, Inc., as guarantors, entered into that certain Third Amendment to Credit Agreement relating to its existing Credit Agreement, dated as of February 19, 2021
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Obsidian Energy Announces Syndicated Credit Facility Increase to $300 Million
October 9, 2024OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced an increase to our syndicated credit facility (the "Credit Facility") along with the substantial repayment of our term loan (the "Term Loan").
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Aequum Capital Provides $15.0MM in Revolving Line of Credit to Preeminent Distributor of Pet Products
October 9, 2024Aequum Capital is excited to announce that it has recently provided a $15 million revolving line of credit to a Denver-based distributor of pet products. This strategic credit facility enables the company to leverage its accounts receivables and inventory, allowing it to bring key supplier payables current and place new inventory orders.
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MONTICELLOAM, LLC Closes $59.25 Million in Bridge and Working Capital Financing for Illinois Skilled Nursing Facilities
October 9, 2024MONTICELLOAM, LLC (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, and its affiliates announced the closing of $59,250,000 in bridge and working capital financing for a portfolio of skilled nursing facilities in Illinois.
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MH&H Welcomes Its Incoming Class of 2024 Law School Graduates
October 9, 2024Moritt Hock & Hamroff is pleased to welcome Sidney Balaban, Danielle Halevi, Juliette Matchton, and Sam Tanenbaum as members of its incoming class of 2024 law school graduates.
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US Capital Global Expands European and Middle Eastern Operations Under New Partner Prodi Bhattacharya
October 9, 2024US Capital Global is pleased to announce the elevation of Prodi Bhattacharya, Ph.D., to the distinguished role of Partner, Structured Credit and Equity. In this capacity, Dr. Bhattacharya will spearhead US Capital Global’s European and Middle Eastern operations from the group’s London headquarters, which was established in 2020.
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Monroe Capital Supports Cloudbreak Health, LLC’s Acquisition of Voyce Global
October 9, 2024Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Voyce Global (“Voyce”) by Cloudbreak Health, LLC, an existing portfolio company of GTCR.
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Elena M. Gallo Named Government Banking Division Executive
October 9, 2024Wells Fargo & Company (NYSE: WFC) today named Elena M. Gallo as Government Banking Division Executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading Government Banking since 2015. Gallo is based in New York.
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Solifi Welcomes Majority Investment from TA
October 9, 2024olifi, a global fintech software partner for secured finance, today announced that it will receive a majority investment from TA Associates ("TA"), a leading global private equity firm. This transaction will accelerate Solifi’s growth by supporting product innovation, driving expansion into adjacent financing markets and new geographies, and delivering enhanced value to its customers.
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ATC Managers Closes $78 Million Bridge Loan for Multifamily Portfolio Acquisition
October 8, 2024ATC Managers successfully closed a $78 million bridge loan to facilitate the acquisition of a multifamily portfolio. This 12-month, fixed-rate bridge loan will enable the purchase of a portfolio consisting of 27 properties across North Carolina, Florida, and Arizona.
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Nada Secures up to $25 Million Revolving Credit Facility from Kawa Capital Management to Accelerate Growth of its Home Equity Investment Platform
October 8, 2024Nada, a leading fintech company offering homeowners debt-free access to home equity, has secured an up to $25 million revolving credit facility from Kawa Capital Management, an alternative asset management firm with over $3 billion in assets under management and renowned for its expertise in structured real estate and credit markets.
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Smart Eye Expands its Credit Facility
October 8, 2024Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) Smart Eye has entered into an agreement on market terms with an independent credit market actor group, enabling the company to secure a total credit facility of SEK 150 million.
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Top Rank for Wolters Kluwer in Newsweek’s Survey on Most Trustworthy Companies in the World
October 8, 2024Wolters Kluwer, a leading provider of professional information and software solutions, is proud to announce its number two ranking in the global Business & Professional Services Category on Newsweek's World's Most Trustworthy Companies list.
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DC BLOX Raises Additional Capital and Secures $265 Million Green Loan
October 8, 2024DC BLOX, a leading provider of interconnected data centers, today announced it has raised incremental equity capital from its existing and new investors, led by Post Road Group and Bain Capital Credit. The funding will enable the deployment of over $1 billion of total capital to finance future construction and the development of powered-land banking opportunities, reinforcing DC BLOX’s market position as a hyperscale-ready data center platform.
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CapitalPlus Financial Provides $500,000 Factoring Facility to Interior Finishing Contractor, Allowing Expansion Amid Payment Delays
October 8, 2024CapitalPlus Financial Services, a leading provider of construction factoring solutions, is proud to announce the successful funding of a $500,000 factoring facility for an Illinois-based interior finishing contractor.
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PlainsCapital Bank Welcomes Sara Brooke Burnside
October 8, 2024PlainsCapital Bank is pleased to announce that Sara Brooke Burnside has joined its Houston lending team as Senior Vice President, Senior Commercial Loan Officer. She will be based at the Bank’s Richmond Avenue location at 2925 Richmond Avenue, Suite 100.
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Loeb Helps Struggling Gear Manufacturer with Strategic Ongoing Concern Liquidation Sale
October 8, 2024Loeb, a leader in providing tailored financial solutions, has successfully assisted a Wisconsin-based gear manufacturing company in navigating severe financial difficulties. Facing an urgent need to liquidate its business, the company turned to Loeb for a swift and effective resolution.
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Trillium Acquisition Corp. Announces Secured Loan Related to Business Combination Agreement
October 9, 2024Trillium Acquisition Corp. (TSXV: TCK.P) ("Trillium" or the "Company") announces pursuant to the business combination agreement entered into between the Company and Bankview 1827 Investment Corp., Capitol Hill 1426 Investment Corp., and Sunalta 1509 Development Corp. (collectively the "Vendors"), and affiliated entities, dated May 17, 2024 (the "Business Combination Agreement"), the Company intends to provide Bankview 1827 Investment Corp.
-
EnWave Secures $5 Million Revolving Credit Facility with Desjardins for Growth and Working Capital Purposes
October 9, 2024EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has signed a revolving credit facility agreement (the “Credit Facility”) with Desjardins Tech & Innovation Banking of the Desjardins Group (“Desjardins”), the largest financial cooperative in North America. The amount available to the Company under the facility is calculated as the lesser of $5 million and a function of royalties, receivables and inventory.
-
HAPO Community Credit Union Expands with Acquisition of Community First Bank
October 9, 2024HAPO Community Credit Union, a leading credit union, and Community First Bank, a trusted provider of financial services in Tri Cities region, jointly announced today that they have entered into a definitive agreement under which HAPO Community Credit Union will acquire Community First Bank.
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Aerovironment, Inc. Enters into That Certain Third Amendment to Credit Agreement Relating to Its Existing Credit Agreement
October 9, 2024On October 4, 2024, AeroVironment, Inc., as borrower, and its wholly owned subsidiaries Arcturus UAV, Inc. and Tomahawk Robotics, Inc., as guarantors, entered into that certain Third Amendment to Credit Agreement relating to its existing Credit Agreement, dated as of February 19, 2021
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Obsidian Energy Announces Syndicated Credit Facility Increase to $300 Million
October 9, 2024OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced an increase to our syndicated credit facility (the "Credit Facility") along with the substantial repayment of our term loan (the "Term Loan").
-
Aequum Capital Provides $15.0MM in Revolving Line of Credit to Preeminent Distributor of Pet Products
October 9, 2024Aequum Capital is excited to announce that it has recently provided a $15 million revolving line of credit to a Denver-based distributor of pet products. This strategic credit facility enables the company to leverage its accounts receivables and inventory, allowing it to bring key supplier payables current and place new inventory orders.
-
MONTICELLOAM, LLC Closes $59.25 Million in Bridge and Working Capital Financing for Illinois Skilled Nursing Facilities
October 9, 2024MONTICELLOAM, LLC (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, and its affiliates announced the closing of $59,250,000 in bridge and working capital financing for a portfolio of skilled nursing facilities in Illinois.
-
MH&H Welcomes Its Incoming Class of 2024 Law School Graduates
October 9, 2024Moritt Hock & Hamroff is pleased to welcome Sidney Balaban, Danielle Halevi, Juliette Matchton, and Sam Tanenbaum as members of its incoming class of 2024 law school graduates.
-
US Capital Global Expands European and Middle Eastern Operations Under New Partner Prodi Bhattacharya
October 9, 2024US Capital Global is pleased to announce the elevation of Prodi Bhattacharya, Ph.D., to the distinguished role of Partner, Structured Credit and Equity. In this capacity, Dr. Bhattacharya will spearhead US Capital Global’s European and Middle Eastern operations from the group’s London headquarters, which was established in 2020.
-
Monroe Capital Supports Cloudbreak Health, LLC’s Acquisition of Voyce Global
October 9, 2024Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Voyce Global (“Voyce”) by Cloudbreak Health, LLC, an existing portfolio company of GTCR.
-
Elena M. Gallo Named Government Banking Division Executive
October 9, 2024Wells Fargo & Company (NYSE: WFC) today named Elena M. Gallo as Government Banking Division Executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading Government Banking since 2015. Gallo is based in New York.
-
Solifi Welcomes Majority Investment from TA
October 9, 2024olifi, a global fintech software partner for secured finance, today announced that it will receive a majority investment from TA Associates ("TA"), a leading global private equity firm. This transaction will accelerate Solifi’s growth by supporting product innovation, driving expansion into adjacent financing markets and new geographies, and delivering enhanced value to its customers.
-
ATC Managers Closes $78 Million Bridge Loan for Multifamily Portfolio Acquisition
October 8, 2024ATC Managers successfully closed a $78 million bridge loan to facilitate the acquisition of a multifamily portfolio. This 12-month, fixed-rate bridge loan will enable the purchase of a portfolio consisting of 27 properties across North Carolina, Florida, and Arizona.
-
Nada Secures up to $25 Million Revolving Credit Facility from Kawa Capital Management to Accelerate Growth of its Home Equity Investment Platform
October 8, 2024Nada, a leading fintech company offering homeowners debt-free access to home equity, has secured an up to $25 million revolving credit facility from Kawa Capital Management, an alternative asset management firm with over $3 billion in assets under management and renowned for its expertise in structured real estate and credit markets.
-
Smart Eye Expands its Credit Facility
October 8, 2024Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) Smart Eye has entered into an agreement on market terms with an independent credit market actor group, enabling the company to secure a total credit facility of SEK 150 million.
-
Top Rank for Wolters Kluwer in Newsweek’s Survey on Most Trustworthy Companies in the World
October 8, 2024Wolters Kluwer, a leading provider of professional information and software solutions, is proud to announce its number two ranking in the global Business & Professional Services Category on Newsweek's World's Most Trustworthy Companies list.
-
DC BLOX Raises Additional Capital and Secures $265 Million Green Loan
October 8, 2024DC BLOX, a leading provider of interconnected data centers, today announced it has raised incremental equity capital from its existing and new investors, led by Post Road Group and Bain Capital Credit. The funding will enable the deployment of over $1 billion of total capital to finance future construction and the development of powered-land banking opportunities, reinforcing DC BLOX’s market position as a hyperscale-ready data center platform.
-
CapitalPlus Financial Provides $500,000 Factoring Facility to Interior Finishing Contractor, Allowing Expansion Amid Payment Delays
October 8, 2024CapitalPlus Financial Services, a leading provider of construction factoring solutions, is proud to announce the successful funding of a $500,000 factoring facility for an Illinois-based interior finishing contractor.
-
PlainsCapital Bank Welcomes Sara Brooke Burnside
October 8, 2024PlainsCapital Bank is pleased to announce that Sara Brooke Burnside has joined its Houston lending team as Senior Vice President, Senior Commercial Loan Officer. She will be based at the Bank’s Richmond Avenue location at 2925 Richmond Avenue, Suite 100.
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Loeb Helps Struggling Gear Manufacturer with Strategic Ongoing Concern Liquidation Sale
October 8, 2024Loeb, a leader in providing tailored financial solutions, has successfully assisted a Wisconsin-based gear manufacturing company in navigating severe financial difficulties. Facing an urgent need to liquidate its business, the company turned to Loeb for a swift and effective resolution.
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