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Houlihan Lokey Continues Expansion of Global FinTech Platform With Key Hire
August 6, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andrew Atherton has joined the firm’s FinTech Group as a Managing Director. Mr. Atherton is based in San Francisco and will cover multiple FinTech sectors as well as FinTech-adjacent enterprise software companies, working closely with his colleagues in both the FinTech and Technology groups to ensure seamless coverage across the firm’s client base.
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P10 Expands Credit Agreement to $500 Million
August 6, 2024P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today announced an amended and restated credit agreement that expands the existing total credit capacity to $500 million from new and existing lenders.
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Commercial Chapter 11 Filings Increase 40 Percent over the Same Period Last Year
August 6, 2024Commercial chapter 11 filings increased 40 percent in July 2024 to 510 from the 364 filings in July 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings also increased 17 percent in July 2024 to 2,335 from 2,004 in July 2023.
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Great Rock Capital Provides a $50 Million DIP Facility to Basic Fun!
August 5, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided $50 million in debtor-in-possession (“DIP”) financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels.
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Holland & Knight Continues Growth of Financial Services Practice with Addition of Partner Nneoma Maduike in New York
August 5, 2024Holland & Knight has strengthened its Financial Services Team with the addition of Nneoma Maduike as a partner in New York. Ms. Maduike was previously a partner with Otterbourg P.C., where she was co-head of the Lender Finance practice.
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Trinity Capital Inc. Expands its Credit Facility with KeyBank
August 5, 2024- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital," "Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it has amended its credit facility led by KeyBank N.A. ("KeyBank"). The amendment expands the original credit facility from $350 million to $440 million in commitments and includes an accordion feature, pursuant to which the Company may increase the size of the credit facility to an aggregate principal amount of $690 million.
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Oportun Announces $245 Million Committed Warehouse Facility
August 5, 2024Features of this new facility include: $245 million total commitment; Deutsche Bank AG, New York branch, as senior lender – a new lending relationship for Oportun; Jefferies, as mezzanine lender – an existing, longstanding lender to Oportun; three-year revolving period; collateralized by Oportun’s unsecured and secured loan originations.
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Commercial Chapter 11 Filings Increase 40 Percent over the Same Period Last Year
August 5, 2024Commercial chapter 11 filings increased 40 percent in July 2024 to 510 from the 364 filings in July 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings also increased 17 percent in July 2024 to 2,335 from 2,004 in July 2023.
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Second Avenue Capital Partners Announces $15 Million Dover Saddlery Partnership to Support Strategic Growth
August 5, 2024Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of customized financing solutions for retail and consumer product sectors, is pleased to announce the closing of a $15,000,000 Senior Secured Revolving Credit Facility for Dover Saddlery, the premier destination for equestrian products and apparel.
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Culain Capital Provides $2 Million Account Receivable Finance Facility to Fast-Growing Seafood Importer
August 5, 2024Culain Capital, a leading provider of financial solutions, announced today that it has provided a $2 million account receivable finance facility to a rapidly expanding seafood importer. The deal was structured and led by Dan Stacy, Senior Vice President.
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North Mill Sets New Monthly Origination Record in July
August 5, 2024North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, announced today that the company had a record-breaking month in July as funded volume surged to more than $56 million, an increase in loan and lease originations of 33% from the same period last year.
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U.S. Bank Freight Payment Index: Less Contraction, Regional Bright Spots in Second Quarter
August 5, 2024Truck freight volumes and spending continued to drop in the second quarter, but at a slower pace than recent quarters, according to the latest U.S. Bank Freight Payment Index. Shipments increased in three regions – the West, Northeast and Southeast – on a quarterly basis, the first time multiple regions have experienced increased volume in more than a year.
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Welsbach Technology Metals Acquisition Corp. and Evolution Metals LLC Announce $500 Million PIPE Anchor Equity Investment and $6.2 Billion Debt Facility Term Sheet from Broughton Capital Group
August 5, 2024Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) (“WTMA”) and Evolution Metals LLC (“EM”) today announced that, inter alios, WTMA and EM have entered into a Term Sheet (the “Term Sheet”) with certain legally binding clauses with Broughton Capital Group (“BCG”) for BCG, through a special purpose investment vehicle, to provide an equity investment (“Anchor Equity Investor”) of US$500 million through a private investment
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Lundin Mining Announces Closing of $350 Million Term Loan in Connection with the Caserones Option Exercise
August 5, 2024Lundin Mining Corporation (“Lundin Mining” or the “Company”) is pleased to announce the closing of an increase to its existing term loan (“Term Loan”), maturing on July 27, 2027, in the principal amount of $350 million, in connection with the previously announced closing of an additional nineteen percent (19%) interest in SCM Minera Lumina Copper Chile (“Lumina Copper”).
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Wolters Kluwer Survey Reveals Misconceptions Among Small Businesses That are Subject to Beneficial Ownership Reporting
August 5, 2024A new survey by Wolters Kluwer reveals that 33% of respondents representing small businesses that meet the reporting criteria and should be filing this year mistakenly don’t believe that beneficial ownership information (BOI) reporting applies to their organizations.
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JD Factors Provided $12,525,000 in new Factoring Facilities During July
August 5, 2024J D Factors provided $12,525,000 in new factoring facilities to 29 new clients in the US and Canada during the month of July. Some of these facilities include: a $800,000 factoring facility for a transportation company in Illinois and a $500,000 factoring facility for a transportation company in Washington.
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Online Auctions Feature $20 Million in PIRCH Appliances Inventory
August 5, 2024Onyx Asset Advisors (ONYX), CA Global Partners (CAGP) and Tiger Group will hold four online auctions in August featuring inventory from Southern California’s high-end PIRCH Appliances.
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1st Commercial Credit, LLC Introduces Freight Broker Non-Recourse Factoring
August 5, 20241st Commercial Credit, LLC, in collaboration with its affiliate Nationwide Commercial Credit, Inc. (NCC), is proud to introduce a specialized Freight Broker Non-Recourse Factoring Program. This program is designed to improve cash flow and ensure prompt payments to carriers, providing a valuable financial solution with credit protection for the freight brokerage industry.
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Rockland Trust Names Commercial Banking Officer for North of Boston Team
August 5, 2024Rockland Trust has appointed Chris Reilly of Methuen as VP and commercial banking officer for the Bank’s North of Boston team. He will build relationships with mid-size companies across Northern Massachusetts and Southern New Hampshire.
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Pathlight Capital Agents $45,000,000 Senior Secured Term Loan for Sportsman's Warehouse
August 5, 2024Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Administrative Agent on a $45,000,000 senior secured term loan for Sportsman's Warehouse Holdings, Inc. ("Sportsman's", or the "Company"), an outdoor sporting goods retailer that's been in operation for over 35 years.
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Houlihan Lokey Continues Expansion of Global FinTech Platform With Key Hire
August 6, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andrew Atherton has joined the firm’s FinTech Group as a Managing Director. Mr. Atherton is based in San Francisco and will cover multiple FinTech sectors as well as FinTech-adjacent enterprise software companies, working closely with his colleagues in both the FinTech and Technology groups to ensure seamless coverage across the firm’s client base.
-
P10 Expands Credit Agreement to $500 Million
August 6, 2024P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today announced an amended and restated credit agreement that expands the existing total credit capacity to $500 million from new and existing lenders.
-
Commercial Chapter 11 Filings Increase 40 Percent over the Same Period Last Year
August 6, 2024Commercial chapter 11 filings increased 40 percent in July 2024 to 510 from the 364 filings in July 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings also increased 17 percent in July 2024 to 2,335 from 2,004 in July 2023.
-
Great Rock Capital Provides a $50 Million DIP Facility to Basic Fun!
August 5, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided $50 million in debtor-in-possession (“DIP”) financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels.
-
Holland & Knight Continues Growth of Financial Services Practice with Addition of Partner Nneoma Maduike in New York
August 5, 2024Holland & Knight has strengthened its Financial Services Team with the addition of Nneoma Maduike as a partner in New York. Ms. Maduike was previously a partner with Otterbourg P.C., where she was co-head of the Lender Finance practice.
-
Trinity Capital Inc. Expands its Credit Facility with KeyBank
August 5, 2024- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital," "Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it has amended its credit facility led by KeyBank N.A. ("KeyBank"). The amendment expands the original credit facility from $350 million to $440 million in commitments and includes an accordion feature, pursuant to which the Company may increase the size of the credit facility to an aggregate principal amount of $690 million.
-
Oportun Announces $245 Million Committed Warehouse Facility
August 5, 2024Features of this new facility include: $245 million total commitment; Deutsche Bank AG, New York branch, as senior lender – a new lending relationship for Oportun; Jefferies, as mezzanine lender – an existing, longstanding lender to Oportun; three-year revolving period; collateralized by Oportun’s unsecured and secured loan originations.
-
Commercial Chapter 11 Filings Increase 40 Percent over the Same Period Last Year
August 5, 2024Commercial chapter 11 filings increased 40 percent in July 2024 to 510 from the 364 filings in July 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings also increased 17 percent in July 2024 to 2,335 from 2,004 in July 2023.
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Second Avenue Capital Partners Announces $15 Million Dover Saddlery Partnership to Support Strategic Growth
August 5, 2024Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of customized financing solutions for retail and consumer product sectors, is pleased to announce the closing of a $15,000,000 Senior Secured Revolving Credit Facility for Dover Saddlery, the premier destination for equestrian products and apparel.
-
Culain Capital Provides $2 Million Account Receivable Finance Facility to Fast-Growing Seafood Importer
August 5, 2024Culain Capital, a leading provider of financial solutions, announced today that it has provided a $2 million account receivable finance facility to a rapidly expanding seafood importer. The deal was structured and led by Dan Stacy, Senior Vice President.
-
North Mill Sets New Monthly Origination Record in July
August 5, 2024North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, announced today that the company had a record-breaking month in July as funded volume surged to more than $56 million, an increase in loan and lease originations of 33% from the same period last year.
-
U.S. Bank Freight Payment Index: Less Contraction, Regional Bright Spots in Second Quarter
August 5, 2024Truck freight volumes and spending continued to drop in the second quarter, but at a slower pace than recent quarters, according to the latest U.S. Bank Freight Payment Index. Shipments increased in three regions – the West, Northeast and Southeast – on a quarterly basis, the first time multiple regions have experienced increased volume in more than a year.
-
Welsbach Technology Metals Acquisition Corp. and Evolution Metals LLC Announce $500 Million PIPE Anchor Equity Investment and $6.2 Billion Debt Facility Term Sheet from Broughton Capital Group
August 5, 2024Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) (“WTMA”) and Evolution Metals LLC (“EM”) today announced that, inter alios, WTMA and EM have entered into a Term Sheet (the “Term Sheet”) with certain legally binding clauses with Broughton Capital Group (“BCG”) for BCG, through a special purpose investment vehicle, to provide an equity investment (“Anchor Equity Investor”) of US$500 million through a private investment
-
Lundin Mining Announces Closing of $350 Million Term Loan in Connection with the Caserones Option Exercise
August 5, 2024Lundin Mining Corporation (“Lundin Mining” or the “Company”) is pleased to announce the closing of an increase to its existing term loan (“Term Loan”), maturing on July 27, 2027, in the principal amount of $350 million, in connection with the previously announced closing of an additional nineteen percent (19%) interest in SCM Minera Lumina Copper Chile (“Lumina Copper”).
-
Wolters Kluwer Survey Reveals Misconceptions Among Small Businesses That are Subject to Beneficial Ownership Reporting
August 5, 2024A new survey by Wolters Kluwer reveals that 33% of respondents representing small businesses that meet the reporting criteria and should be filing this year mistakenly don’t believe that beneficial ownership information (BOI) reporting applies to their organizations.
-
JD Factors Provided $12,525,000 in new Factoring Facilities During July
August 5, 2024J D Factors provided $12,525,000 in new factoring facilities to 29 new clients in the US and Canada during the month of July. Some of these facilities include: a $800,000 factoring facility for a transportation company in Illinois and a $500,000 factoring facility for a transportation company in Washington.
-
Online Auctions Feature $20 Million in PIRCH Appliances Inventory
August 5, 2024Onyx Asset Advisors (ONYX), CA Global Partners (CAGP) and Tiger Group will hold four online auctions in August featuring inventory from Southern California’s high-end PIRCH Appliances.
-
1st Commercial Credit, LLC Introduces Freight Broker Non-Recourse Factoring
August 5, 20241st Commercial Credit, LLC, in collaboration with its affiliate Nationwide Commercial Credit, Inc. (NCC), is proud to introduce a specialized Freight Broker Non-Recourse Factoring Program. This program is designed to improve cash flow and ensure prompt payments to carriers, providing a valuable financial solution with credit protection for the freight brokerage industry.
-
Rockland Trust Names Commercial Banking Officer for North of Boston Team
August 5, 2024Rockland Trust has appointed Chris Reilly of Methuen as VP and commercial banking officer for the Bank’s North of Boston team. He will build relationships with mid-size companies across Northern Massachusetts and Southern New Hampshire.
-
Pathlight Capital Agents $45,000,000 Senior Secured Term Loan for Sportsman's Warehouse
August 5, 2024Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Administrative Agent on a $45,000,000 senior secured term loan for Sportsman's Warehouse Holdings, Inc. ("Sportsman's", or the "Company"), an outdoor sporting goods retailer that's been in operation for over 35 years.
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