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Home > Chapters > Canada > News Detail
  • SFNet Member Spotlight: Republic Capital Access, LLC
    January 13, 2025
    Republic Capital Access is a commercial finance company exclusively for government contractors.
  • Verastem Oncology Announces Debt Refinancing with Oberland Capital
    January 13, 2025
    Verastem Oncology (Nasdaq: VSTM), a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, today announced a new credit facility for up to $150 million along with an equity investment of $7.5 million with Oberland Capital Management LLC (Oberland Capital).
  • Inhibrx Biosciences Announces Loan Agreement with Oxford Finance
    January 13, 2025
    Inhibrx Biosciences, Inc., a biopharmaceutical company with two programs in ongoing clinical trials, today announced it entered into a loan and security agreement (the "LSA") with Oxford Finance LLC ("Oxford", together with certain of its affiliates party thereto, the "Lenders"), pursuant to which the Lenders provided a five-year term loan facility for up to $150 million.
  • Encina Private Credit Provides $70 Million First Out Commitment as Administrative Agent in Senior Secured Credit Facility To Ipsen International Holdings, GmbH
    January 13, 2025
    Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Administrative Agent on a Senior Secured Credit Facility supporting Quadriga Capital portfolio company Ipsen International Holdings, GmbH (“Ipsen”).
  • Republic Business Credit Fuels Growth in Natural Bath Products Market with $1.5 Million E-Commerce Loan
    January 13, 2025
    Republic Business Credit continues its commitment to the natural products industry by providing a $1.5 million asset-based loan credit facility to a leading manufacturer of bath, shower and all-natural aromatherapy solutions.
  • CohnReznick Brings on Financial Services Partner Ty
    January 13, 2025
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Angela (Angie) Ty has joined the firm as a Financial Services Partner. Based in the San Francisco Bay Area, Ty specializes in the alternative investments industry with a specific focus on private equity, venture capital, and hedge funds.
  • Medical Properties Trust Comments on Prospect Restructuring
    January 13, 2025
    Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today issued the below statement in response to Prospect Medical Group’s (“Prospect”) decision to commence an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code.
  • Brex Secures $235 Million Credit Facility with Citi and TPG Angelo Gordon to Accelerate Card Product Growth
    January 13, 2025
    Brex, the modern corporate card and spend management platform for startups and enterprises, today announced the closing of a two-year, $235 million revolving credit facility. Citi serves as senior lender for the credit facility, joined by TPG Angelo Gordon as a participating lender.
  • Legacy Corporate Lending Provides $25 Million Asset-Based Credit Facility to 888VoIP
    January 13, 2025
    Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it provided a $25 million asset-based credit facility to American Technologies, LLC (doing business as “888VoIP”) (or “the Company”).
  • Gordon Brothers Provides Peavey Industries LP C$155M Financing Package & Rationalization Support
    January 13, 2025
    Gordon Brothers, the global asset experts, has provided Peavey Industries LP (Peavey) a financing package of up to C$155 million, consisting of a C$105 million first-lien revolving credit facility, a C$30 million first-in, last-out term loan, and a C$20 million consignment program, to support Peavey’s go-forward strategy.
  • nFusion Capital Provides $8 Million Factoring Facility That Supports Strategic Growth
    January 13, 2025
    nFusion Capital announced it provided an $8 million factoring line of credit for a private equity-owned and well-established print house that specializes in custom labels and printing based in Texas
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The above companies were referred to Brookridge by their factors and ABL lenders.
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
  • Sallyport Exceeds Target for Inaugural Private Equity Fund, Raising $160 Million
    January 13, 2025
    Sallyport, an operationally focused lower to middle-market private equity firm, is pleased to announce the closing of its first fund, Sallyport Partners Fund. The fund exceeded its target of $150mm, closing with $160mm in total capital commitments.
  • Ares Management Appoints Kevin Alexander as Co-Head of Alternative Credit
    January 13, 2025
    Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Kevin Alexander, Partner in Ares’ Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately.
  • UMB Financial Corporation Receives Regulatory Approval to Acquire Heartland Financial USA, Inc.
    January 13, 2025
    UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial USA, Inc. (Nasdaq: HTLF) are pleased to share that the necessary regulatory approvals from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have been received to complete the previously announced acquisition of HTLF. These approvals follow shareholder approvals for both companies.
  • New Mountain Capital to Acquire Machinify and Combine with Leading Healthcare Intelligence and Payment Platform
    January 13, 2025
    New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with more than $55 billion in assets under management, today announced a definitive agreement to acquire Machinify, Inc. (“Machinify”), a leading provider of artificial intelligence (AI)-powered software transforming healthcare payments.
  • Compass Diversified Holdings Announces Amendment of its Credit Agreement
    January 13, 2025
    Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced that on January 9, 2025, it entered into a First Incremental Facility Amendment (the “Amendment”) to its existing Credit Agreement with Bank of America, N.A., as Administrative Agent for the Lenders party thereto.
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  • SFNet Member Spotlight: Republic Capital Access, LLC
    January 13, 2025
    Republic Capital Access is a commercial finance company exclusively for government contractors.
  • Verastem Oncology Announces Debt Refinancing with Oberland Capital
    January 13, 2025
    Verastem Oncology (Nasdaq: VSTM), a biopharmaceutical company committed to advancing new medicines for patients with RAS/MAPK pathway-driven cancers, today announced a new credit facility for up to $150 million along with an equity investment of $7.5 million with Oberland Capital Management LLC (Oberland Capital).
  • Inhibrx Biosciences Announces Loan Agreement with Oxford Finance
    January 13, 2025
    Inhibrx Biosciences, Inc., a biopharmaceutical company with two programs in ongoing clinical trials, today announced it entered into a loan and security agreement (the "LSA") with Oxford Finance LLC ("Oxford", together with certain of its affiliates party thereto, the "Lenders"), pursuant to which the Lenders provided a five-year term loan facility for up to $150 million.
  • Encina Private Credit Provides $70 Million First Out Commitment as Administrative Agent in Senior Secured Credit Facility To Ipsen International Holdings, GmbH
    January 13, 2025
    Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Administrative Agent on a Senior Secured Credit Facility supporting Quadriga Capital portfolio company Ipsen International Holdings, GmbH (“Ipsen”).
  • Republic Business Credit Fuels Growth in Natural Bath Products Market with $1.5 Million E-Commerce Loan
    January 13, 2025
    Republic Business Credit continues its commitment to the natural products industry by providing a $1.5 million asset-based loan credit facility to a leading manufacturer of bath, shower and all-natural aromatherapy solutions.
  • CohnReznick Brings on Financial Services Partner Ty
    January 13, 2025
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Angela (Angie) Ty has joined the firm as a Financial Services Partner. Based in the San Francisco Bay Area, Ty specializes in the alternative investments industry with a specific focus on private equity, venture capital, and hedge funds.
  • Medical Properties Trust Comments on Prospect Restructuring
    January 13, 2025
    Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today issued the below statement in response to Prospect Medical Group’s (“Prospect”) decision to commence an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code.
  • Brex Secures $235 Million Credit Facility with Citi and TPG Angelo Gordon to Accelerate Card Product Growth
    January 13, 2025
    Brex, the modern corporate card and spend management platform for startups and enterprises, today announced the closing of a two-year, $235 million revolving credit facility. Citi serves as senior lender for the credit facility, joined by TPG Angelo Gordon as a participating lender.
  • Legacy Corporate Lending Provides $25 Million Asset-Based Credit Facility to 888VoIP
    January 13, 2025
    Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it provided a $25 million asset-based credit facility to American Technologies, LLC (doing business as “888VoIP”) (or “the Company”).
  • Gordon Brothers Provides Peavey Industries LP C$155M Financing Package & Rationalization Support
    January 13, 2025
    Gordon Brothers, the global asset experts, has provided Peavey Industries LP (Peavey) a financing package of up to C$155 million, consisting of a C$105 million first-lien revolving credit facility, a C$30 million first-in, last-out term loan, and a C$20 million consignment program, to support Peavey’s go-forward strategy.
  • nFusion Capital Provides $8 Million Factoring Facility That Supports Strategic Growth
    January 13, 2025
    nFusion Capital announced it provided an $8 million factoring line of credit for a private equity-owned and well-established print house that specializes in custom labels and printing based in Texas
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The above companies were referred to Brookridge by their factors and ABL lenders.
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
  • Brookridge Funding Announces Closing of $4,050,000 PO Facilities
    January 13, 2025
    Brookridge Funding is proud to announce the closing of $4,050,000 of purchase order facilities for four new clients. The companies were referred to Brookridge by their factors and ABL lenders.
  • Sallyport Exceeds Target for Inaugural Private Equity Fund, Raising $160 Million
    January 13, 2025
    Sallyport, an operationally focused lower to middle-market private equity firm, is pleased to announce the closing of its first fund, Sallyport Partners Fund. The fund exceeded its target of $150mm, closing with $160mm in total capital commitments.
  • Ares Management Appoints Kevin Alexander as Co-Head of Alternative Credit
    January 13, 2025
    Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Kevin Alexander, Partner in Ares’ Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately.
  • UMB Financial Corporation Receives Regulatory Approval to Acquire Heartland Financial USA, Inc.
    January 13, 2025
    UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial USA, Inc. (Nasdaq: HTLF) are pleased to share that the necessary regulatory approvals from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have been received to complete the previously announced acquisition of HTLF. These approvals follow shareholder approvals for both companies.
  • New Mountain Capital to Acquire Machinify and Combine with Leading Healthcare Intelligence and Payment Platform
    January 13, 2025
    New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented investment firm with more than $55 billion in assets under management, today announced a definitive agreement to acquire Machinify, Inc. (“Machinify”), a leading provider of artificial intelligence (AI)-powered software transforming healthcare payments.
  • Compass Diversified Holdings Announces Amendment of its Credit Agreement
    January 13, 2025
    Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced that on January 9, 2025, it entered into a First Incremental Facility Amendment (the “Amendment”) to its existing Credit Agreement with Bank of America, N.A., as Administrative Agent for the Lenders party thereto.
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