Gino Clark, a native Californian with over 30 years of experience in asset-based lending and factoring, has joined Milberg Factors as senior vice president.

Troutman Pepper and Locke Lord have agreed to merge effective January 1, 2025. The new law firm, which will be named Troutman Pepper Locke, will have more than 1,600 attorneys in 33 offices in the United States and two in Europe, with a meaningful presence in all 10 of the largest U.S. legal markets.

BRG today announces the appointment of Michael Seelhof, a renowned expert in investment and commercial arbitration, who joins the firm's New York office. Seelhof brings three decades of experience in valuation and financial analysis supporting counsel, tribunals, funders and corporations as an expert witness and investment banking practitioner.

As the world has returned to in-person events, companies that support these events are experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring partner of National Business Capital (NBC) for financing to support a significant level of outstanding bids and pipeline contracts.

EdgeCore Digital Infrastructure, a wholesale data center developer, owner, and operator, today announced the completion of a $1.9 billion capital investment to fund continued development of hyperscale data center space across its portfolio.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that two new principals have joined its valuation advisory services practice. Brad Hirsch, ABV, will serve as the practice leader and Anthony Doughty, CFA, joins as a principal. Both Hirsch and Doughty are based in Chicago and have extensive experience involving financial, tax-related, and asset-based valuations across the public and private sectors.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $7 billion in assets, is pleased to announce that Daniel Carey has been promoted to Senior Vice President, Chief Financial Officer (CFO). Previously the Head of Finance and Accounting, Carey has been with the bank since 2022 and has nearly 16 years of progressive experience working in the banking and accounting fields.

Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank.

Enviri Corporation announced that it has amended and extended its senior secured revolving credit facility. The Company’s new $625 million revolving credit facility will mature on September 5, 2029. Additionally, the Company will maintain its existing Revolving Credit Facility for an amount of $50 million with certain lenders.

PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Aug. 6, indicates that business owner optimism remains high, lending support to PNC's forecast of a soft landing for the U.S. economy.

Global business advisory firm EisnerAmper announces that the partners and colleagues of Elgin, IL-based, CPA firm Tighe, Kress & Orr, P.C. ("TKO") are joining EisnerAmper in a combination expected to close in October 2024.

NXT Capital announced today that it closed a senior credit facility in support of Bansk Group’s acquisition of Foundation Wellness (or the “Company”). NXT Capital acted as Joint Lead Arranger, Collateral Agent, and Administrative Agent on this transaction.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $20 million in growth capital to Kymeta, a leading flat-panel satellite antenna company.

Red Lobster Management LLC, along with its direct and indirect operating subsidiaries (“Red Lobster” or “the Company”), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has received court approval of its Chapter 11 plan.

Encore Funding, a leading alternative lender specializing in the staffing and transportation industries, proudly announces the appointment of Dale Busbee as Vice President of Business Development.

Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank is pleased to announce that Executive Vice President Sujata Yadav has been named Chief Product Officer, and several former Cambridge Trust leaders have been named to the following roles at Eastern Bank.

CIBC Innovation Banking announced today that it has provided a growth capital financing facility to threatER, a cyber defense category leader focused on eliminating cyber threats before they reach the network.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a senior secured credit facility to support I.D. Images’ (“ID” or the “Company”) acquisition of Les Etiquettes Modernes (“LEM”). Sole Source Capital (“Sole Source”) has sponsored the Company since July 2021. Over the course of Sole Source’s ownership and including LEM, ID has acquired eight businesses.

Gordon Brothers, the global asset experts, has provided a revolving credit facility to support S5 Equity’s acquisition of Hammacher Schlemmer. As part of the acquisition, S5 Equity plans to strengthen the 170-year-old catalog retailer’s customer experience and loyalty while continuing to shift the catalog business to its e-commerce platform.

NXT Capital announced today that it closed a senior credit facility in support of Bansk Group’s acquisition of Foundation Wellness (or the “Company”). NXT Capital acted as Joint Lead Arranger, Collateral Agent, and Administrative Agent on this transaction.