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Home > Chapters > Canada > News Detail
  • Eclipse Business Capital Provides $15mm ABL Credit Facility to a Connector & Cable Manufacturer
    March 25, 2024
    Eclipse Business Capital LLC (“EBC”) announced that it has provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industry.
  • WebBank Announces Erik Cannon named SVP – Chief Operations Officer
    March 25, 2024
    Erik joined WebBank in September 2016 as the Vice President of Due Diligence and Implementation bringing many years of risk management, business development, operations, relationship management and leadership experience.
  • Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise
    March 25, 2024
    Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Commercial Deposit Officer.
  • Prestige Capital Supports the Growth of an AI Company with a $7,500,000 line
    March 25, 2024
    A cutting-edge artificial intelligence company based in Salt Lake City faced a funding roadblock during a four-month engagement with a potential funding source. Despite persistent efforts, the needed funding remained elusive, hindering the company's ability to capitalize on emerging opportunities within the AI sector.
  • B. Riley Recognized by the M&A Advisor Turnaround Awards 2024
    March 25, 2024
    B. Riley Financial (Nasdaq: RILY) ("B. Riley") is pleased to announce it was honored by The M&A Advisor at the 18th Annual Turnaround Awards Gala during the 2024 Distressed Investing Summit on March 18-19, 2024 in Palm Beach, FL.
  • Dye & Durham Announces Marketing of New Credit Facility
    March 21, 2024
    Dye & Durham Limited ("Dye & Durham" or "Holdings"), (TSX: DND) today announced that Dye & Durham Corporation (the "Company"), a wholly-owned subsidiary of Holdings, commenced the marketing of a new senior secured Term Loan B facility and revolving credit facility (the "New Senior Secured Credit Facilities"). In conjunction with the New Senior Secured Credit Facilities, and subject to market and other conditions
  • Teresa C. Kohl Recognized with the M&A Advisor’s 2024 Leadership Award
    March 21, 2024
    SSG Capital Advisors, a leading special situations investment bank, announced that Managing Director Teresa C. Kohl was presented with the M&A Advisor’s Leadership Award during the 18th Annual Turnaround Awards Gala in West Palm Beach, Florida on March 19.
  • Mitsubishi HC Capital America Targets AI Predictive Purchase Model
    March 21, 2024
    Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, continues to make significant strides in its digital transformation efforts with the recent integration of MuleSoft Robotic Process Automation (RPA).
  • Par Pacific Announces Expected Increase in ABL Commitments to up to $1.4 billion and Replacement of Intermediation Facility
    March 21, 2024
    Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced an expected increase in lender commitments under its existing asset-based revolving credit facility (“ABL”) to up to $1.4 billion.
  • Lumine Group Announces Completion of US$310M Debt Facility
    March 21, 2024
    The syndicate of Canadian and US financial institutions is led by Bank of Montreal, and includes the following lenders: Fédération des Caisses Desjardins du Québec, the Toronto-Dominion Bank, Wells Fargo Bank N.A., Citibank N.A., and PNC Bank Canada.
  • Simpson Thacher Adds Two Leading Finance and Credit Partners in London
    March 21, 2024
    Simpson Thacher & Bartlett LLP announced today that Paul Hibbert and Emma Serginson will join the Firm’s London office as Partners, where they will focus on financing and credit matters across the infrastructure sector, among other areas.
  • Yieldstreet Launches New Solutions for Investing in Private Markets Powered by Insights From Wilshire
    March 21, 2024
    Yieldstreet, a leading private market investing platform, and Wilshire Advisors LLC ("Wilshire"), a global advisor with more than $1 trillion in assets under advisement, today announced a strategic partnership that intends to revolutionize investor access to institutional-quality alternative investments.
  • Capital Southwest Announces New $150 MM Secured Credit Facility
    March 21, 2024
    Capital Southwest Corporation (“Capital Southwest” or “we”") (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its wholly owned subsidiary, Capital Southwest SPV LLC (the “SPV”), entered into a senior secured revolving credit facility (the “SPV Facility”) with Deutsche Bank AG, New York Branch.
  • Petersen Health Care Files Voluntary Petition for Relief Under Chapter 11
    March 21, 2024
    Petersen Health Care (“Petersen” or “The Company”), an operator of nursing homes and assisted living and long-term care facilities in Illinois, Iowa and Missouri, today announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate the restructuring of its balance sheet.
  • Fetch Secures $50 Million from Morgan Stanley After Achieving Profitability, Signaling Strong Growth Ahead
    March 21, 2024
    Fetch, America's Rewards App, has secured $50 million in debt financing from Morgan Stanley Private Credit. This infusion of capital will prime Fetch for another year of aggressive growth as the now-profitable company accelerates its journey to become the world's first rewards-for-everything platform.
  • Cambridge Savings Bank Provides Stauer With a $10.5 Million Credit Facility to Facilitate Future Growth
    March 20, 2024
    Cambridge Savings Bank​ (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a $10.5 million credit facility to Stauer, a direct marketing retailer offering consumers affordable jewelry, watches, accessories, and collectibles with a satisfaction guarantee.
  • Olivia Hudson Promoted to Portfolio Manager at Sallyport Commercial Finance
    March 20, 2024
    Sallyport Commercial Finance, LLC announced that Olivia Hudson has been promoted to program manager. This pivotal new role reflects Sallyport's commitment to excellence as it grows.
  • Sallyport Commercial Finance Provides $750,000 in Growth Capital for Staffing Visionaries
    March 20, 2024
    Sallyport Commercial Finance announced it has provided $750,000 in accounts receivable financing for Staffing Visionaries, that will facilitate the company delivering innovative industry solutions and realizing their growth goals.
  • Kobalt Music Group Announces Transactions to Increase Funding Capacity to More than $1 Billion
    March 20, 2024
    Kobalt Music Group, the world's leading independent music publishing company powered by innovative technology, announced the execution of its inaugural $266.5 million Asset-Backed Securitization ("Term ABS") transaction, comprising more than 5,000+ musical works from 66 writers across more than 50 catalogs, and a new $450 million Revolving Credit Facility ("RFC").
  • Crescent Energy Announces Offering of $700 Million Private Placement of Senior Notes Due 2032
    March 20, 2024
    Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $700 million aggregate principal amount of Senior Notes due 2032 (the “Notes”).
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  • Eclipse Business Capital Provides $15mm ABL Credit Facility to a Connector & Cable Manufacturer
    March 25, 2024
    Eclipse Business Capital LLC (“EBC”) announced that it has provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industry.
  • WebBank Announces Erik Cannon named SVP – Chief Operations Officer
    March 25, 2024
    Erik joined WebBank in September 2016 as the Vice President of Due Diligence and Implementation bringing many years of risk management, business development, operations, relationship management and leadership experience.
  • Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise
    March 25, 2024
    Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Commercial Deposit Officer.
  • Prestige Capital Supports the Growth of an AI Company with a $7,500,000 line
    March 25, 2024
    A cutting-edge artificial intelligence company based in Salt Lake City faced a funding roadblock during a four-month engagement with a potential funding source. Despite persistent efforts, the needed funding remained elusive, hindering the company's ability to capitalize on emerging opportunities within the AI sector.
  • B. Riley Recognized by the M&A Advisor Turnaround Awards 2024
    March 25, 2024
    B. Riley Financial (Nasdaq: RILY) ("B. Riley") is pleased to announce it was honored by The M&A Advisor at the 18th Annual Turnaround Awards Gala during the 2024 Distressed Investing Summit on March 18-19, 2024 in Palm Beach, FL.
  • Dye & Durham Announces Marketing of New Credit Facility
    March 21, 2024
    Dye & Durham Limited ("Dye & Durham" or "Holdings"), (TSX: DND) today announced that Dye & Durham Corporation (the "Company"), a wholly-owned subsidiary of Holdings, commenced the marketing of a new senior secured Term Loan B facility and revolving credit facility (the "New Senior Secured Credit Facilities"). In conjunction with the New Senior Secured Credit Facilities, and subject to market and other conditions
  • Teresa C. Kohl Recognized with the M&A Advisor’s 2024 Leadership Award
    March 21, 2024
    SSG Capital Advisors, a leading special situations investment bank, announced that Managing Director Teresa C. Kohl was presented with the M&A Advisor’s Leadership Award during the 18th Annual Turnaround Awards Gala in West Palm Beach, Florida on March 19.
  • Mitsubishi HC Capital America Targets AI Predictive Purchase Model
    March 21, 2024
    Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, continues to make significant strides in its digital transformation efforts with the recent integration of MuleSoft Robotic Process Automation (RPA).
  • Par Pacific Announces Expected Increase in ABL Commitments to up to $1.4 billion and Replacement of Intermediation Facility
    March 21, 2024
    Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced an expected increase in lender commitments under its existing asset-based revolving credit facility (“ABL”) to up to $1.4 billion.
  • Lumine Group Announces Completion of US$310M Debt Facility
    March 21, 2024
    The syndicate of Canadian and US financial institutions is led by Bank of Montreal, and includes the following lenders: Fédération des Caisses Desjardins du Québec, the Toronto-Dominion Bank, Wells Fargo Bank N.A., Citibank N.A., and PNC Bank Canada.
  • Simpson Thacher Adds Two Leading Finance and Credit Partners in London
    March 21, 2024
    Simpson Thacher & Bartlett LLP announced today that Paul Hibbert and Emma Serginson will join the Firm’s London office as Partners, where they will focus on financing and credit matters across the infrastructure sector, among other areas.
  • Yieldstreet Launches New Solutions for Investing in Private Markets Powered by Insights From Wilshire
    March 21, 2024
    Yieldstreet, a leading private market investing platform, and Wilshire Advisors LLC ("Wilshire"), a global advisor with more than $1 trillion in assets under advisement, today announced a strategic partnership that intends to revolutionize investor access to institutional-quality alternative investments.
  • Capital Southwest Announces New $150 MM Secured Credit Facility
    March 21, 2024
    Capital Southwest Corporation (“Capital Southwest” or “we”") (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its wholly owned subsidiary, Capital Southwest SPV LLC (the “SPV”), entered into a senior secured revolving credit facility (the “SPV Facility”) with Deutsche Bank AG, New York Branch.
  • Petersen Health Care Files Voluntary Petition for Relief Under Chapter 11
    March 21, 2024
    Petersen Health Care (“Petersen” or “The Company”), an operator of nursing homes and assisted living and long-term care facilities in Illinois, Iowa and Missouri, today announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate the restructuring of its balance sheet.
  • Fetch Secures $50 Million from Morgan Stanley After Achieving Profitability, Signaling Strong Growth Ahead
    March 21, 2024
    Fetch, America's Rewards App, has secured $50 million in debt financing from Morgan Stanley Private Credit. This infusion of capital will prime Fetch for another year of aggressive growth as the now-profitable company accelerates its journey to become the world's first rewards-for-everything platform.
  • Cambridge Savings Bank Provides Stauer With a $10.5 Million Credit Facility to Facilitate Future Growth
    March 20, 2024
    Cambridge Savings Bank​ (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a $10.5 million credit facility to Stauer, a direct marketing retailer offering consumers affordable jewelry, watches, accessories, and collectibles with a satisfaction guarantee.
  • Olivia Hudson Promoted to Portfolio Manager at Sallyport Commercial Finance
    March 20, 2024
    Sallyport Commercial Finance, LLC announced that Olivia Hudson has been promoted to program manager. This pivotal new role reflects Sallyport's commitment to excellence as it grows.
  • Sallyport Commercial Finance Provides $750,000 in Growth Capital for Staffing Visionaries
    March 20, 2024
    Sallyport Commercial Finance announced it has provided $750,000 in accounts receivable financing for Staffing Visionaries, that will facilitate the company delivering innovative industry solutions and realizing their growth goals.
  • Kobalt Music Group Announces Transactions to Increase Funding Capacity to More than $1 Billion
    March 20, 2024
    Kobalt Music Group, the world's leading independent music publishing company powered by innovative technology, announced the execution of its inaugural $266.5 million Asset-Backed Securitization ("Term ABS") transaction, comprising more than 5,000+ musical works from 66 writers across more than 50 catalogs, and a new $450 million Revolving Credit Facility ("RFC").
  • Crescent Energy Announces Offering of $700 Million Private Placement of Senior Notes Due 2032
    March 20, 2024
    Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $700 million aggregate principal amount of Senior Notes due 2032 (the “Notes”).
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