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Neuronetics Announces the Closing of up to $90 Million Senior Secured Credit Facility with Perceptive Advisors
August 1, 2024Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that it entered into a debt facility of up to $90 million with Perceptive Advisors LLC (Perceptive). Under the term loan, Neuronetics received the first tranche of $50 million at closing.
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Thumbtack Announces $75 Million in Financing from Silicon Valley Bank and Hercules Capital
August 1, 2024Thumbtack, the technology company helping millions of people confidently care for and improve their homes, today announced $75 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The debt facility provides access to efficient capital and liquidity for Thumbtack as it continues to bring the $600 billion home services industry online.
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Siena Lending Group Closes New $10 Million Credit Facility for Townsen Memorial Health System
August 1, 2024Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $10 million credit facility with Townsen Memorial Health System (“TMH", or "the Company”), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical, and imaging centers. TMH provides top-quality individualized care for its patients via more than 370 providers at its world-class locations.
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First Bancorp Announces Retirement of Director
July 31, 2024The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024.
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The Lovesac Company Announces a Five-Year Extension of Its Credit Facility and Inaugural Share Repurchase Program
July 31, 2024The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that it has entered into a five-year extension of its revolving credit facility and that its Board of Directors has authorized a share repurchase program.
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Franklin Templeton Canada Introduces Benefit Street Partners' Private Credit Expertise
July 31, 2024Franklin Templeton Canada today introduced Benefit Street Partners' private credit investment strategy to Canadian qualified investors, accessible through iCapital's customized technology and servicing solutions.
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Alleon Healthcare Celebrates 15 Years in Healthcare Accounts Receivable Financing and Factoring
July 31, 2024Alleon Healthcare, a premier healthcare accounts receivable financing firm, proudly celebrates its 15th anniversary. For over a decade and a half, Alleon Healthcare has been dedicated to providing innovative financial solutions that empower healthcare providers to optimize cash flow while focusing on delivering quality patient care.
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First Citizens Bank Provides $25 Million to Largest Wholesale Distributor of Plumbing, Heating and Industrial Products in Northeast
July 31, 2024First Citizens Bank today announced that its Middle Market Banking business provided $25 million in financing to F.W. Webb, the largest wholesale distributor of plumbing, heating and industrial products in the Northeastern U.S.
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King Trade Capital Announces Move of Dallas Headquarters
July 31, 2024King Trade Capital is pleased to announce the move of our Dallas headquarters to a new location that better serves our clients, prospects, and the King Trade Capital team.
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Transportation Leader Secures $20 Million Factoring Facility with eCapital
July 31, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced a new $20 million non-notification factoring facility for a large private transportation company servicing clients across North America.
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Cegedim: New €230 Million Financing Arrangement
July 31, 2024Cegedim has secured a new financing arrangement consisting of a €230 million syndicated loan. The arrangement is split into €180 million of lines drawn upon closing to refinance the Group’s existing debt (RCF and Euro PP, which mature in October 2024 and October 2025 respectively) and an additional revolving credit facility (RCF) of €50 million.
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Solar Panel Maintenance Company Improves Their Operations with a $500,000 Facility from Prestige Capital
July 31, 2024A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer via check. This requirement strained the customer and began to impact the overall relationship between the solar company and its client.
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esVolta Secures $258 Million Credit Facilities for ERCOT Storage Portfolio
July 31, 2024esVolta, LP announced completion of $258 million senior secured credit facilities for a 980 MWh portfolio of standalone battery energy storage projects.
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REV Capital Streamlines Market Strategy, Refines Path to Leadership in North American Commercial Finance Sector
July 31, 2024REV Capital launches a new market strategy focused on providing leading commercial finance solutions across North America, signaling a pivotal advancement for the company. As part of the strategy, REV Capital also announces the transition of their US transportation portfolio to Love's Solutions, LLC d/b/a Love's Financial, the Oklahoma-based financial services division of Love's Travel Stops.
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Daniel Harari Joins Mitsubishi HC Capital America as Senior Vice President, Corporate Development – M&A and Investments
July 31, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Daniel Harari has joined the company as Senior Vice President, Corporate Development – M&A and Investments.
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Ares Management Secures $34bn for US Senior Direct Lending Strategy
July 31, 2024Ares Management Corporation, a global alternative investment manager, has reached its final close of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). SDL III had more equity commitments than it had anticipated, totalling around $15.3bn, compared to its original $10.0bn goal. With potential leverage and equity commitments in linked vehicles, the overall capital base for SDL III is estimated to be around $33.6bn.
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BizCap® Secures $20 Million Credit Facility for Arizona Athletic Grounds
July 30, 2024BizCap®, a commercial finance advisory firm established in 2002, is pleased to announce its instrumental role in securing a $20 million Credit Facility for Arizona Athletic Grounds (“AAG”), the leading youth sports and entertainment facility in Mesa, Arizona.
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Culain Capital Structures $500,000 Accounts Receivable Financing Facility for Temporary Placement Staffing Agency
July 30, 2024Culain Capital is pleased to announce the structuring of a $500,000 accounts receivable financing facility for a leading temporary placement staffing agency. This strategic financial solution is designed to provide the company with the necessary working capital to support its ongoing growth and expansion efforts.
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LSQ Creates $3MM Invoice Finance Facility for IT Staffing Firm
July 30, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an IT staffing firm. The company was referred to LSQ by a banking partner that was unable to support funding facility increases.
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Austin Financial Services Closes $12MM Credit Facility to Manufacturer of Textile Floor Coverings
July 30, 2024Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $12MM asset-based lending (ABL) facility. The financing solution, which was extended to a family office-owned manufacturer of yarns and textile floor coverings, includes an AR and Inventory revolver, alongside a Machinery and Equipment term loan.
-
Neuronetics Announces the Closing of up to $90 Million Senior Secured Credit Facility with Perceptive Advisors
August 1, 2024Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that it entered into a debt facility of up to $90 million with Perceptive Advisors LLC (Perceptive). Under the term loan, Neuronetics received the first tranche of $50 million at closing.
-
Thumbtack Announces $75 Million in Financing from Silicon Valley Bank and Hercules Capital
August 1, 2024Thumbtack, the technology company helping millions of people confidently care for and improve their homes, today announced $75 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The debt facility provides access to efficient capital and liquidity for Thumbtack as it continues to bring the $600 billion home services industry online.
-
Siena Lending Group Closes New $10 Million Credit Facility for Townsen Memorial Health System
August 1, 2024Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $10 million credit facility with Townsen Memorial Health System (“TMH", or "the Company”), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical, and imaging centers. TMH provides top-quality individualized care for its patients via more than 370 providers at its world-class locations.
-
First Bancorp Announces Retirement of Director
July 31, 2024The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024.
-
The Lovesac Company Announces a Five-Year Extension of Its Credit Facility and Inaugural Share Repurchase Program
July 31, 2024The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that it has entered into a five-year extension of its revolving credit facility and that its Board of Directors has authorized a share repurchase program.
-
Franklin Templeton Canada Introduces Benefit Street Partners' Private Credit Expertise
July 31, 2024Franklin Templeton Canada today introduced Benefit Street Partners' private credit investment strategy to Canadian qualified investors, accessible through iCapital's customized technology and servicing solutions.
-
Alleon Healthcare Celebrates 15 Years in Healthcare Accounts Receivable Financing and Factoring
July 31, 2024Alleon Healthcare, a premier healthcare accounts receivable financing firm, proudly celebrates its 15th anniversary. For over a decade and a half, Alleon Healthcare has been dedicated to providing innovative financial solutions that empower healthcare providers to optimize cash flow while focusing on delivering quality patient care.
-
First Citizens Bank Provides $25 Million to Largest Wholesale Distributor of Plumbing, Heating and Industrial Products in Northeast
July 31, 2024First Citizens Bank today announced that its Middle Market Banking business provided $25 million in financing to F.W. Webb, the largest wholesale distributor of plumbing, heating and industrial products in the Northeastern U.S.
-
King Trade Capital Announces Move of Dallas Headquarters
July 31, 2024King Trade Capital is pleased to announce the move of our Dallas headquarters to a new location that better serves our clients, prospects, and the King Trade Capital team.
-
Transportation Leader Secures $20 Million Factoring Facility with eCapital
July 31, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced a new $20 million non-notification factoring facility for a large private transportation company servicing clients across North America.
-
Cegedim: New €230 Million Financing Arrangement
July 31, 2024Cegedim has secured a new financing arrangement consisting of a €230 million syndicated loan. The arrangement is split into €180 million of lines drawn upon closing to refinance the Group’s existing debt (RCF and Euro PP, which mature in October 2024 and October 2025 respectively) and an additional revolving credit facility (RCF) of €50 million.
-
Solar Panel Maintenance Company Improves Their Operations with a $500,000 Facility from Prestige Capital
July 31, 2024A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer via check. This requirement strained the customer and began to impact the overall relationship between the solar company and its client.
-
esVolta Secures $258 Million Credit Facilities for ERCOT Storage Portfolio
July 31, 2024esVolta, LP announced completion of $258 million senior secured credit facilities for a 980 MWh portfolio of standalone battery energy storage projects.
-
REV Capital Streamlines Market Strategy, Refines Path to Leadership in North American Commercial Finance Sector
July 31, 2024REV Capital launches a new market strategy focused on providing leading commercial finance solutions across North America, signaling a pivotal advancement for the company. As part of the strategy, REV Capital also announces the transition of their US transportation portfolio to Love's Solutions, LLC d/b/a Love's Financial, the Oklahoma-based financial services division of Love's Travel Stops.
-
Daniel Harari Joins Mitsubishi HC Capital America as Senior Vice President, Corporate Development – M&A and Investments
July 31, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Daniel Harari has joined the company as Senior Vice President, Corporate Development – M&A and Investments.
-
Ares Management Secures $34bn for US Senior Direct Lending Strategy
July 31, 2024Ares Management Corporation, a global alternative investment manager, has reached its final close of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). SDL III had more equity commitments than it had anticipated, totalling around $15.3bn, compared to its original $10.0bn goal. With potential leverage and equity commitments in linked vehicles, the overall capital base for SDL III is estimated to be around $33.6bn.
-
BizCap® Secures $20 Million Credit Facility for Arizona Athletic Grounds
July 30, 2024BizCap®, a commercial finance advisory firm established in 2002, is pleased to announce its instrumental role in securing a $20 million Credit Facility for Arizona Athletic Grounds (“AAG”), the leading youth sports and entertainment facility in Mesa, Arizona.
-
Culain Capital Structures $500,000 Accounts Receivable Financing Facility for Temporary Placement Staffing Agency
July 30, 2024Culain Capital is pleased to announce the structuring of a $500,000 accounts receivable financing facility for a leading temporary placement staffing agency. This strategic financial solution is designed to provide the company with the necessary working capital to support its ongoing growth and expansion efforts.
-
LSQ Creates $3MM Invoice Finance Facility for IT Staffing Firm
July 30, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an IT staffing firm. The company was referred to LSQ by a banking partner that was unable to support funding facility increases.
-
Austin Financial Services Closes $12MM Credit Facility to Manufacturer of Textile Floor Coverings
July 30, 2024Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $12MM asset-based lending (ABL) facility. The financing solution, which was extended to a family office-owned manufacturer of yarns and textile floor coverings, includes an AR and Inventory revolver, alongside a Machinery and Equipment term loan.
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