A New Jersey-based security company, committed to providing safety to inner-city housing developments, sought funds to fuel their business expansion. Presented with promising opportunities to undertake new contracts, the company needed additional resources to hire additional security guards and meet the growing demand for their services.

BHI, a full-service commercial bank, announced that it has increased its capital call line facility from $90 million to $150 million to provide Yellowstone Funds (“Yellowstone”) with liquidity as the premier evergreen real estate investment platform continues to evaluate the current environment in the real estate market and assess potential opportunistic acquisitions.

First Citizens Bank today announced that its Middle Market Banking business provided $33.5 million in financing to Adams Beverages, a distributor of beer, wine and nonalcoholic beverages to bars, restaurants, grocery stores, package stores and other retail outlets throughout Alabama and North Carolina.

Equinox, the authority in high performance luxury living, today announced it has secured approximately $1.8 billion in new capital to refinance maturing loans as well as to fund general corporate purposes and growth including new clubs.

Monroe Capital LLC (“Monroe”), on behalf of its investment funds, today announced it has acquired a strategic minority ownership interest in Second Avenue’s operating company and has allocated approximately $250 million of additional capital to its investment platform through a mix of debt and equity capital. The $250 million is structured as a follow-on investment that is expected to be deployed across various opportunities in 2024.

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Empire State Realty OP, L.P., its operating partnership, has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility.

BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) and BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ: BKCC) announced today that the shareholders of each business development company (“BDC”) have voted to approve the necessary proposals related to the merger of TCPC and BCIC at each company's special meeting of shareholders held on March 7, 2024.

SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Christmas by Krebs Corporation (“CBK” or the “Company”) in the sale of substantially all of its assets to The Gerson Companies. The transaction was effectuated pursuant to Article 9 of the Uniform Commercial Code and closed in February 2024.

With former Hancock Whitney Bank President Joe Exnicios’ official retirement on March 1, 2024, after 46 years of service, Hancock Whitney has named current Chief Operating Officer D. Shane Loper to succeed Exnicios as bank president.

After a recent Series A investment, a growing haircare company was looking to scale their retail relationships through a single major distributor. Given there was a concentration with one specific debtor, the company’s current lender was not supportive of their borrowing needs. A venture capital firm that led the Series A investment connected the company to Rosenthal.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of three asset-based lending transactions totaling $7.5 million. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions.

Expenses are consuming a larger portion of revenues at US corporations rated by S&P Global Ratings despite widespread efforts to trim day-to-day costs of doing business.

Akin advised Kennedy Lewis Investment Management in a new financing for VoltaGrid, an advanced energy management and generation company providing innovative electric power solutions. The financing will be used primarily for capital expenditures, working capital and other general corporate purposes.

Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities.

Xtant Medical Holdings, Inc. (NYSE American: XTNT), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced that the Company’s revolving credit agreement with MidCap Financial Trust (“MidCap”) was amended to increase the commitment from $8.0 million to $17.0 million.

Atlas Credit Partners, an asset management firm specializing in investing and partnering with medium-sized businesses, today announced a $65 Million Strategic Financing Facility to FitLab, a multi-brand fitness company whose fully integrated platform solves the siloed nature of the industry, with approximately $35 million funded at closing and $30 million of remaining availability.

Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Elizabeth Sipes as a partner in the firm’s Private Funds Group in the Transactions Department, based in the Denver office. Sipes brings to the firm more than 20 years of experience representing and advising private investment funds, investment advisers, and institutional investors.

CIBC Innovation Banking announced today that it has provided growth financing to Swoogo, a leading provider of event management software for in person, digital and hybrid events. Swoogo will use the funding to solidify their position and offering for enterprise event management, helping organizers run events at scale.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of three asset based lending transactions totaling $7.5 million. The firm’s Pipeline division, focused on providing working capital to emerging consumer product brands, led the transactions.

--Xeris Biopharma Holdings, Inc. (Nasdaq: XERS), a growth-oriented biopharmaceutical company committed to improving patients’ lives by developing and commercializing innovative products across a range of therapies, today announced it has entered into an amended and restated senior secured term loan agreement (“debt facility”) with funds managed by Hayfin Capital Management LLP.