• Wingspire Capital Provides $60 Million Senior Secured Revolver to Comtech Telecommunications Corp.
    July 8, 2024
    Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. (Nasdaq: CMTL). The transaction was part of a broader $222 million credit facility that included a $162 million term loan agented by TCW Private Credit.
  • Entrepreneur Growth Capital LLC Provides $2,000,000 Line of Credit to Frozen Seafood Distributor
    July 8, 2024
    ​Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $2 million asset-based facility for a frozen seafood distributor. The facility provides availability against both accounts receivable, inventory and monthly recurring revenue (“MRR”).
  • J D Factors Provides $8,625,000 in new Factoring Facilities During June
    July 8, 2024
    J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June.
  • Lion Electric Announces Amendments to Certain Senior Credit Instruments and the Entering Into Of New Financing
    July 8, 2024
    The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec
  • Heads of Terms Agreed for US$35 million Revolving Credit Facility
    July 8, 2024
    Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ Iceland:AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
  • Archwest Capital, Leading National Residential Lender, Secures Strategic Growth Investment from Bain Capital
    July 8, 2024
    Archwest Capital (“Archwest” or the “Company”), a lender specializing in non-owner-occupied residential real estate loan solutions, today announced it has secured a significant growth investment from Bain Capital. Bain Capital and its affiliates will acquire a controlling stake in the Company, with management, led by Chief Executive Officer Shawn Miller, retaining a significant minority stake. Financial terms of the private investment were not disclosed.
  • Strategic Growth Continues: US Capital Global Expands Dubai Office with New Vice President, Ahmed Eid
    July 8, 2024
    US Capital Global, a leading global private financial group for the middle market, is excited to announce the appointment of Ahmed Eid as Vice President at its office in Dubai, UAE. Ahmed Eid brings a wealth of expertise and a distinguished track record in international finance, particularly in the Middle East markets, to his role at US Capital Global.
  • B. Riley’s Dan Daitchman Elected as American Society of Appraisers 2024-2025 Business Valuation Discipline Committee Member-At-Large
    July 8, 2024
    B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley”) is pleased to congratulate Dan Daitchman, ASA, on his election as American Society of Appraisers’ Business Valuation Discipline Committee Member-At-Large for the 2024-2025 term.
  • Greenberg Traurig Taps Prominent M&A Lawyer Chadi Salloum to Lead UAE Corporate Practice
    July 8, 2024
    Global law firm Greenberg Traurig, LLP has named Chadi Salloum head of the firm’s United Arab Emirates (UAE) Corporate Practice. Salloum will practice in the firm’s UAE and Kingdom of Saudi Arabia (KSA) locations.
  • Orrstown Financial Services and Codorus Valley Bancorp Successfully Complete Merger of Equals
    July 8, 2024
    Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company for Orrstown Bank (“Orrstown”), and Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), the holding company for PeoplesBank, A Codorus Valley Company (“Codorus Valley”), today announced the successful completion of their previously announced merger of equals creating a premier Pennsylvania and Maryland community bank.
  • Spruce Power Announces $130 Million Debt Financing
    July 8, 2024
    Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the “New Debt Facility”) provided by Barings LLC (“Barings”).
  • Commercial Chapter 11 Filings Increased 70 Percent in First Half of 2024
    July 8, 2024
    The 987 total commercial chapter 11 bankruptcies filed during the first six months of 2024 represented a 70 percent increase over the 582 filed during the same period in 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
  • Briar Capital Real Estate Fund Provides $4MM Real Estate Loan to a New York-based Transportation Company
    July 8, 2024
    Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $4MM commercial real estate loan in New York to a business providing warehousing and transportation services in the Northeast.
  • Davis Polk Elects Six New Partners
    July 8, 2024
    Davis Polk has announced that Aaron Ferner, Zachary Frimet, David Kennedy, Brett McMahon, Michael Senders and Aliza Slansky have been elected partners of the firm, effective July 1, 2024.
  • SFNet New Member Spotlight: Resilience Insurance Analytics
    July 8, 2024
    Resilience Insurance Analytics provides risk based and market-based advice with customized analysis to preserve the credit quality and longevity of commercial loans. We offer pre- and post-closing insurance review services to clients seeking comprehensive assessment of proposed insurance coverage and provide assistance securing and-or maintaining coverage.
  • B. Riley Securities Served as Financial Advisor and Lead Placement Agent for Radiopharm Theranostics in a $46.9 Million Financing
    July 3, 2024
    B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank,is pleased to have led a $46.9 million financing for Radiopharm Theranostics Limited ("RAD" or the "Company”), an ASX listed clinical stage biotechnology company developing targeted radiopharmaceutical therapies and diagnostics for multiple types of cancer.
  • Bob's Stores Announces Going-Out-of-Business Sale Across All Locations
    July 2, 2024
    Bob's Stores ("Bob's"), a subsidiary of GoDigital Media Group, announced that the company will close all of it's Bob's locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. Despite making swift and aggressive changes to the company's structure and operations, Bob's Stores was unable to secure the finances needed to maintain operations. Bob's stores began Going Out of Business sales in stores on Friday June 28, with discounts of 30-70% off.
  • BNP Paribas Named US CLO Bank of the Year
    July 2, 2024
    BNP Paribas received three prestigious industry awards, solidifying our position as a leading player in the growing CLO space. Winning the coveted CLO Bank of the Year and US CLO Deal of the Year from GlobalCapital in their annual US Securitization Awards and Best Performing Private Credit CLO of the Year from DealCatalyst in their U.S. CLO Awards acknowledges BNP Paribas’ commitment to clients across the US CLO market and represents a significant achievement for the bank.
  • CytoSorbents Secures $20 Million Credit Facility
    July 2, 2024
    Credit facility provides timely non-dilutive capital to support ongoing global commercialization of CytoSorb® as well as regulatory submissions and potential commercialization plans for DrugSorb™-ATR in the U.S. and Canada
  • Heads of Terms agreed for US$35 million Revolving Credit Facility
    July 2, 2024
    Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
  • Wingspire Capital Provides $60 Million Senior Secured Revolver to Comtech Telecommunications Corp.
    July 8, 2024
    Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. (Nasdaq: CMTL). The transaction was part of a broader $222 million credit facility that included a $162 million term loan agented by TCW Private Credit.
  • Entrepreneur Growth Capital LLC Provides $2,000,000 Line of Credit to Frozen Seafood Distributor
    July 8, 2024
    ​Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $2 million asset-based facility for a frozen seafood distributor. The facility provides availability against both accounts receivable, inventory and monthly recurring revenue (“MRR”).
  • J D Factors Provides $8,625,000 in new Factoring Facilities During June
    July 8, 2024
    J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June.
  • Lion Electric Announces Amendments to Certain Senior Credit Instruments and the Entering Into Of New Financing
    July 8, 2024
    The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec
  • Heads of Terms Agreed for US$35 million Revolving Credit Facility
    July 8, 2024
    Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ Iceland:AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
  • Archwest Capital, Leading National Residential Lender, Secures Strategic Growth Investment from Bain Capital
    July 8, 2024
    Archwest Capital (“Archwest” or the “Company”), a lender specializing in non-owner-occupied residential real estate loan solutions, today announced it has secured a significant growth investment from Bain Capital. Bain Capital and its affiliates will acquire a controlling stake in the Company, with management, led by Chief Executive Officer Shawn Miller, retaining a significant minority stake. Financial terms of the private investment were not disclosed.
  • Strategic Growth Continues: US Capital Global Expands Dubai Office with New Vice President, Ahmed Eid
    July 8, 2024
    US Capital Global, a leading global private financial group for the middle market, is excited to announce the appointment of Ahmed Eid as Vice President at its office in Dubai, UAE. Ahmed Eid brings a wealth of expertise and a distinguished track record in international finance, particularly in the Middle East markets, to his role at US Capital Global.
  • B. Riley’s Dan Daitchman Elected as American Society of Appraisers 2024-2025 Business Valuation Discipline Committee Member-At-Large
    July 8, 2024
    B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley”) is pleased to congratulate Dan Daitchman, ASA, on his election as American Society of Appraisers’ Business Valuation Discipline Committee Member-At-Large for the 2024-2025 term.
  • Greenberg Traurig Taps Prominent M&A Lawyer Chadi Salloum to Lead UAE Corporate Practice
    July 8, 2024
    Global law firm Greenberg Traurig, LLP has named Chadi Salloum head of the firm’s United Arab Emirates (UAE) Corporate Practice. Salloum will practice in the firm’s UAE and Kingdom of Saudi Arabia (KSA) locations.
  • Orrstown Financial Services and Codorus Valley Bancorp Successfully Complete Merger of Equals
    July 8, 2024
    Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company for Orrstown Bank (“Orrstown”), and Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), the holding company for PeoplesBank, A Codorus Valley Company (“Codorus Valley”), today announced the successful completion of their previously announced merger of equals creating a premier Pennsylvania and Maryland community bank.
  • Spruce Power Announces $130 Million Debt Financing
    July 8, 2024
    Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the “New Debt Facility”) provided by Barings LLC (“Barings”).
  • Commercial Chapter 11 Filings Increased 70 Percent in First Half of 2024
    July 8, 2024
    The 987 total commercial chapter 11 bankruptcies filed during the first six months of 2024 represented a 70 percent increase over the 582 filed during the same period in 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
  • Briar Capital Real Estate Fund Provides $4MM Real Estate Loan to a New York-based Transportation Company
    July 8, 2024
    Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $4MM commercial real estate loan in New York to a business providing warehousing and transportation services in the Northeast.
  • Davis Polk Elects Six New Partners
    July 8, 2024
    Davis Polk has announced that Aaron Ferner, Zachary Frimet, David Kennedy, Brett McMahon, Michael Senders and Aliza Slansky have been elected partners of the firm, effective July 1, 2024.
  • SFNet New Member Spotlight: Resilience Insurance Analytics
    July 8, 2024
    Resilience Insurance Analytics provides risk based and market-based advice with customized analysis to preserve the credit quality and longevity of commercial loans. We offer pre- and post-closing insurance review services to clients seeking comprehensive assessment of proposed insurance coverage and provide assistance securing and-or maintaining coverage.
  • B. Riley Securities Served as Financial Advisor and Lead Placement Agent for Radiopharm Theranostics in a $46.9 Million Financing
    July 3, 2024
    B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank,is pleased to have led a $46.9 million financing for Radiopharm Theranostics Limited ("RAD" or the "Company”), an ASX listed clinical stage biotechnology company developing targeted radiopharmaceutical therapies and diagnostics for multiple types of cancer.
  • Bob's Stores Announces Going-Out-of-Business Sale Across All Locations
    July 2, 2024
    Bob's Stores ("Bob's"), a subsidiary of GoDigital Media Group, announced that the company will close all of it's Bob's locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. Despite making swift and aggressive changes to the company's structure and operations, Bob's Stores was unable to secure the finances needed to maintain operations. Bob's stores began Going Out of Business sales in stores on Friday June 28, with discounts of 30-70% off.
  • BNP Paribas Named US CLO Bank of the Year
    July 2, 2024
    BNP Paribas received three prestigious industry awards, solidifying our position as a leading player in the growing CLO space. Winning the coveted CLO Bank of the Year and US CLO Deal of the Year from GlobalCapital in their annual US Securitization Awards and Best Performing Private Credit CLO of the Year from DealCatalyst in their U.S. CLO Awards acknowledges BNP Paribas’ commitment to clients across the US CLO market and represents a significant achievement for the bank.
  • CytoSorbents Secures $20 Million Credit Facility
    July 2, 2024
    Credit facility provides timely non-dilutive capital to support ongoing global commercialization of CytoSorb® as well as regulatory submissions and potential commercialization plans for DrugSorb™-ATR in the U.S. and Canada
  • Heads of Terms agreed for US$35 million Revolving Credit Facility
    July 2, 2024
    Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.
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