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Webster Financial Corporation Appoints CFO Successor; Names New Board Member
July 16, 2024Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company, for Webster Bank, N.A., (the “Bank”) announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank.
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Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing to Accelerate Construction of Renewable Energy Projects
July 16, 2024Leeward Renewable Energy (LRE), a leading renewable energy company, today announced the closing of its $1.25 billion construction warehouse facility (“Construction Warehouse”), marking a significant scaling of its financing capacity to support continued investments in its rapidly growing operating portfolio
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Trinity Capital Inc. Provides $15 Million in Growth Capital to Velentium
July 16, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices.
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Grant Thornton Names two new Leaders to its Industry Practice
July 16, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Lawrence Griff to lead the firm’s Retail industry practice and Kelly Schindler to head up its Manufacturing industry practice.
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8x8, Inc. Secures $200 Million Term Loan at Reduced Interest Rate
July 16, 20248x8, Inc. (NASDAQ: EGHT) (the “Company” or “8x8”), a leading integrated cloud contact center and unified communications platform provider, today announced that it has secured a new $200 million Delayed Draw Term Loan Credit Facility (the “Delayed Draw Term Loan” or “Credit Agreement”).
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
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Lendbuzz Renews and Expands Revolving Line of Credit with BHI to $50 Million
July 15, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced it has entered into an agreement with Lendbuzz—an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle—to upsize the existing $20 million facility announced in March 2023 to now encompass a $50 million revolving line of credit.
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Juan Santana Joins Valley Bank as 1st VP, Corporate Banking
July 15, 2024Valley Bank on Thursday said it hired Juan Santana to fill the role of first vice president, corporate banking, and relationship manager for New Jersey and Rockland County.
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Embracer Group Secures New Eur 600 Million Revolving Credit Facility
July 15, 2024Embracer Group AB (“Embracer”) has secured a new EUR 600 million revolving credit facility with a two-year tenor, with an option to extend for an additional year. The new facility replaces Embracer’s remaining SEK 4.8 billion (approximately EUR 420 million) revolving credit facility, which matures in May 2025.
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Russel Metals Renews and Enhances its Credit Facility
July 15, 2024Russel Metals Inc. (TSX: RUS) announces that it has renewed and extended its credit facility with a syndicate of banks led by RBC Capital Markets. The new credit facility has total availability of $600 million and is comprised of: (i) a $400 million revolving credit facility with a maturity of July 2028; (ii) a $50 million letters of credit facility with a maturity of July 2028; and (iii) a $150 million revolving credit facility with a maturity of July 2026.
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Inflation Remains Top Problem for Main Street
July 15, 2024The NFIB Small Business Optimism Index reached the highest reading of the year in June at 91.5, a one-point increase from last month. The last time the index was higher was in December of 2023 when it reached 91.9. Even so, this marks the 30th month below the historical average of 98. Inflation is still the top small business issue, with 21% of owners reporting it as their single most important problem in operating their business, down one point from May.
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Astronics Corporation Refinances Debt with Expanded Revolver and Lower Cost Term Loan
July 15, 2024Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced it has amended and expanded its revolving line of credit and refinanced its term loan. The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company.
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Calvert Impact Announces National Program to Capitalize Small Businesses
July 15, 2024Calvert Impact today announced the launch of Access by Calvert Impact, a national public-private partnership to support small businesses, with the closing of an $140 million warehouse credit facility from the Urban Investment Group (UIG) at Goldman Sachs Alternatives.
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Edge Capital Lending LLC Appoints Dmitri Beregovski as Chief Financial Officer and Welcomes Two New Collateral Analysts
July 15, 2024Edge Capital Lending, LLC (“Edge”), a national disruptor in the non-bank asset-based lending market, is pleased to announce the appointment of Dmitri Beregovski as Chief Financial Officer (CFO). Additionally, Edge is excited to welcome Mantika Gardner and Marilyn Barnes as Collateral Analysts to support the company's expanding portfolio.
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Oppenheimer Announces Additions to the High Yield and Distressed Debt Team
July 15, 2024Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) —announced today the continued expansion of its Fixed Income Division with the addition of 10 more High Yield and Distressed Debt Team members.
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Webster Financial Corporation Appoints CFO Successor; Names New Board Member
July 16, 2024Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company, for Webster Bank, N.A., (the “Bank”) announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank.
-
Leeward Renewable Energy Secures $1.25 Billion in Warehouse Facility Financing to Accelerate Construction of Renewable Energy Projects
July 16, 2024Leeward Renewable Energy (LRE), a leading renewable energy company, today announced the closing of its $1.25 billion construction warehouse facility (“Construction Warehouse”), marking a significant scaling of its financing capacity to support continued investments in its rapidly growing operating portfolio
-
Trinity Capital Inc. Provides $15 Million in Growth Capital to Velentium
July 16, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices.
-
Grant Thornton Names two new Leaders to its Industry Practice
July 16, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Lawrence Griff to lead the firm’s Retail industry practice and Kelly Schindler to head up its Manufacturing industry practice.
-
8x8, Inc. Secures $200 Million Term Loan at Reduced Interest Rate
July 16, 20248x8, Inc. (NASDAQ: EGHT) (the “Company” or “8x8”), a leading integrated cloud contact center and unified communications platform provider, today announced that it has secured a new $200 million Delayed Draw Term Loan Credit Facility (the “Delayed Draw Term Loan” or “Credit Agreement”).
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
United Capital Funding Issues $11.7MM in Total Credit Facilities in Q2 2024
July 16, 2024United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.
-
Lendbuzz Renews and Expands Revolving Line of Credit with BHI to $50 Million
July 15, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced it has entered into an agreement with Lendbuzz—an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle—to upsize the existing $20 million facility announced in March 2023 to now encompass a $50 million revolving line of credit.
-
Juan Santana Joins Valley Bank as 1st VP, Corporate Banking
July 15, 2024Valley Bank on Thursday said it hired Juan Santana to fill the role of first vice president, corporate banking, and relationship manager for New Jersey and Rockland County.
-
Embracer Group Secures New Eur 600 Million Revolving Credit Facility
July 15, 2024Embracer Group AB (“Embracer”) has secured a new EUR 600 million revolving credit facility with a two-year tenor, with an option to extend for an additional year. The new facility replaces Embracer’s remaining SEK 4.8 billion (approximately EUR 420 million) revolving credit facility, which matures in May 2025.
-
Russel Metals Renews and Enhances its Credit Facility
July 15, 2024Russel Metals Inc. (TSX: RUS) announces that it has renewed and extended its credit facility with a syndicate of banks led by RBC Capital Markets. The new credit facility has total availability of $600 million and is comprised of: (i) a $400 million revolving credit facility with a maturity of July 2028; (ii) a $50 million letters of credit facility with a maturity of July 2028; and (iii) a $150 million revolving credit facility with a maturity of July 2026.
-
Inflation Remains Top Problem for Main Street
July 15, 2024The NFIB Small Business Optimism Index reached the highest reading of the year in June at 91.5, a one-point increase from last month. The last time the index was higher was in December of 2023 when it reached 91.9. Even so, this marks the 30th month below the historical average of 98. Inflation is still the top small business issue, with 21% of owners reporting it as their single most important problem in operating their business, down one point from May.
-
Astronics Corporation Refinances Debt with Expanded Revolver and Lower Cost Term Loan
July 15, 2024Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced it has amended and expanded its revolving line of credit and refinanced its term loan. The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company.
-
Calvert Impact Announces National Program to Capitalize Small Businesses
July 15, 2024Calvert Impact today announced the launch of Access by Calvert Impact, a national public-private partnership to support small businesses, with the closing of an $140 million warehouse credit facility from the Urban Investment Group (UIG) at Goldman Sachs Alternatives.
-
Edge Capital Lending LLC Appoints Dmitri Beregovski as Chief Financial Officer and Welcomes Two New Collateral Analysts
July 15, 2024Edge Capital Lending, LLC (“Edge”), a national disruptor in the non-bank asset-based lending market, is pleased to announce the appointment of Dmitri Beregovski as Chief Financial Officer (CFO). Additionally, Edge is excited to welcome Mantika Gardner and Marilyn Barnes as Collateral Analysts to support the company's expanding portfolio.
-
Oppenheimer Announces Additions to the High Yield and Distressed Debt Team
July 15, 2024Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) —announced today the continued expansion of its Fixed Income Division with the addition of 10 more High Yield and Distressed Debt Team members.
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