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Hilton Grand Vacations Successfully Reprices Term Loan B
October 9, 2023Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 275 basis points, down from SOFR plus 300 basis points. Additionally, the interest rate floor for the Term Loan B has been lowered from 50 basis points to 0 basis points.
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Versana Surpasses Major Milestone With Over 1,500 Syndicated Loans Now Available on its Transformative Digital Data Platform
October 9, 2023Versana today announced that it has surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its transformative, real-time digital data platform in less than a year since its product launch.
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Banesco USA Expands Commercial & Industrial and Domestic Premier Banking & Residential Lending Capabilities
October 9, 2023As South Florida’s banking landscape sees heightened demand amidst an influx of businesses, residents, and capital, Banesco USA, a community bank with over $3.57 billion in assets, is enhancing its commercial and industrial (“C&I”) and residential lending offerings to provide business owners with a one-stop shop for their corporate and personal financial needs.
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Wolters Kluwer Introduces OneSumX for Basel at Major Client Conference
October 9, 2023Wolters Kluwer’s Corporate Performance and ESG division set to unveil functionality at Finance, Risk & Regulatory Reporting Client Conference in Sitges, Spain.
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Willdan Group Completes Refinancing
October 9, 2023Willdan Group, Inc. (NASDAQ: WLDN) today announced that on September 29, 2023, the Company completed the refinancing of its credit facilities and entered into a new three-year credit agreement (the “Credit Agreement”) with a syndicate of financial institutions as lenders and BMO Bank, N.A. (“BMO”) as administrative agent.
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United Capital Funding issues $7.15MM in Total Credit Facilities During Q3 2023
October 9, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
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Loomis Signs a 2-year Term Loan Facility of EUR 115 Million
October 5, 2023Loomis AB has signed an agreement for a syndicated Term Loan facility of EUR 115 million. The facility has a tenor of up to two years.
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Monroe Capital Supports Gemspring Capital’s Acquisition of ClearCompany
October 5, 2023Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of ClearCompany Holdings, Inc. (“ClearCompany”) by an affiliate of private equity sponsor, Gemspring Capital Management, LLC (“Gemspring”).
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TAB Bank Appoints Austin Strong as Chief Strategy Officer
October 5, 2023Strong will help TAB further define and implement its strategic vision, identify growth and investment opportunities, and align with fintech partners
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U.S. Bank Names Ariel Meyerstein as Head of ESG Program Office
October 5, 2023U.S. Bank has named Ariel Meyerstein as the head of its Environmental, Social and Governance (ESG) Program Office. In this role, Meyerstein will be responsible for ESG strategy development, program management, enablement, stakeholder engagement and reporting and disclosures in close partnership with business lines and functions across the enterprise.
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MUFG Further Expands Growth & Middle Market Tech Banking Team
October 5, 2023Mitsubishi UFJ Financial Group (NYSE: MUFG) announced today the hiring of three seasoned relationship professionals within its Growth & Middle Market Technology team, aimed at bolstering the bank's continued expansion into the pre-IPO growth and middle-market public companies space in the Innovation Ecosystem.
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ACME Credit Partners Announces Credit-Focused Investment Strategy to Target Lower Middle-Market Opportunities
October 5, 2023ACME Credit Partners LLC, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market. ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors at Cerberus Capital Management — along with Charles Widger, an industry veteran.
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New Wolters Kluwer Technology Helps Banks Address Basel Compliance
October 5, 2023Wolters Kluwer has introduced technology as part of its ongoing work to help banks comply with Basel reporting requirements. OneSumX for Basel is the latest addition to the company’s OneSumX suite of regulatory technology offerings.
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SLR Healthcare ABL Provides $16 Million to Skilled Nursing Operator
October 5, 2023SLR Healthcare ABL is pleased to announce it provided a $16 million asset-based revolving line of credit to a skilled nursing operator.
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Taiga Announces $15 Million Term Loan Agreement and Provides a Production Update
October 4, 2023Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, announced that it has entered into a $15 million Secured Term Loan Agreement with Export Development Canada ("EDC"). The loan will support the Company's continued growth towards producing approximately 1,000 vehicles in 2023.
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Associated Bank's Jay Williams named to List of Influential Leaders
October 4, 2023Associated Bank today announced that Jay Williams, Associated Banc-Corp Board of Directors Chairman, has been named one of the most influential leaders in corporate governance by the National Association of Corporate Directors (NACD) as part of their 2023 NACD Directorship 100™, an annual list of leading corporate directors and governance advocates.
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Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
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Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
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Sallyport Commercial Finance Provides a $1M Facility for Lighting Manufacturer
October 4, 2023Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable facility for a lighting manufacturer headquartered in Tennessee. The business held a very strong sales position through the pandemic, however with subsequent supply chain challenges and inflationary pressure, sales plateaued over the last couple of years.
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US Capital Global Provides $330 Million Financial Advisory for Entertainment Mega-Complex in the Southeastern United States
October 4, 2023US Capital Global has advised on $330 million debt and equity financing for a limited liability company developing an entertainment mega-complex in the Southeastern United States. The planned theme park aims to feature rollercoasters, raised walkways with observation decks, a selection of leading restaurant brands, shopping facilities, and a variety of popular themed rides and entertainment features.
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Hilton Grand Vacations Successfully Reprices Term Loan B
October 9, 2023Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 275 basis points, down from SOFR plus 300 basis points. Additionally, the interest rate floor for the Term Loan B has been lowered from 50 basis points to 0 basis points.
-
Versana Surpasses Major Milestone With Over 1,500 Syndicated Loans Now Available on its Transformative Digital Data Platform
October 9, 2023Versana today announced that it has surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its transformative, real-time digital data platform in less than a year since its product launch.
-
Banesco USA Expands Commercial & Industrial and Domestic Premier Banking & Residential Lending Capabilities
October 9, 2023As South Florida’s banking landscape sees heightened demand amidst an influx of businesses, residents, and capital, Banesco USA, a community bank with over $3.57 billion in assets, is enhancing its commercial and industrial (“C&I”) and residential lending offerings to provide business owners with a one-stop shop for their corporate and personal financial needs.
-
Wolters Kluwer Introduces OneSumX for Basel at Major Client Conference
October 9, 2023Wolters Kluwer’s Corporate Performance and ESG division set to unveil functionality at Finance, Risk & Regulatory Reporting Client Conference in Sitges, Spain.
-
Willdan Group Completes Refinancing
October 9, 2023Willdan Group, Inc. (NASDAQ: WLDN) today announced that on September 29, 2023, the Company completed the refinancing of its credit facilities and entered into a new three-year credit agreement (the “Credit Agreement”) with a syndicate of financial institutions as lenders and BMO Bank, N.A. (“BMO”) as administrative agent.
-
United Capital Funding issues $7.15MM in Total Credit Facilities During Q3 2023
October 9, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.
-
Loomis Signs a 2-year Term Loan Facility of EUR 115 Million
October 5, 2023Loomis AB has signed an agreement for a syndicated Term Loan facility of EUR 115 million. The facility has a tenor of up to two years.
-
Monroe Capital Supports Gemspring Capital’s Acquisition of ClearCompany
October 5, 2023Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of ClearCompany Holdings, Inc. (“ClearCompany”) by an affiliate of private equity sponsor, Gemspring Capital Management, LLC (“Gemspring”).
-
TAB Bank Appoints Austin Strong as Chief Strategy Officer
October 5, 2023Strong will help TAB further define and implement its strategic vision, identify growth and investment opportunities, and align with fintech partners
-
U.S. Bank Names Ariel Meyerstein as Head of ESG Program Office
October 5, 2023U.S. Bank has named Ariel Meyerstein as the head of its Environmental, Social and Governance (ESG) Program Office. In this role, Meyerstein will be responsible for ESG strategy development, program management, enablement, stakeholder engagement and reporting and disclosures in close partnership with business lines and functions across the enterprise.
-
MUFG Further Expands Growth & Middle Market Tech Banking Team
October 5, 2023Mitsubishi UFJ Financial Group (NYSE: MUFG) announced today the hiring of three seasoned relationship professionals within its Growth & Middle Market Technology team, aimed at bolstering the bank's continued expansion into the pre-IPO growth and middle-market public companies space in the Innovation Ecosystem.
-
ACME Credit Partners Announces Credit-Focused Investment Strategy to Target Lower Middle-Market Opportunities
October 5, 2023ACME Credit Partners LLC, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market. ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors at Cerberus Capital Management — along with Charles Widger, an industry veteran.
-
New Wolters Kluwer Technology Helps Banks Address Basel Compliance
October 5, 2023Wolters Kluwer has introduced technology as part of its ongoing work to help banks comply with Basel reporting requirements. OneSumX for Basel is the latest addition to the company’s OneSumX suite of regulatory technology offerings.
-
SLR Healthcare ABL Provides $16 Million to Skilled Nursing Operator
October 5, 2023SLR Healthcare ABL is pleased to announce it provided a $16 million asset-based revolving line of credit to a skilled nursing operator.
-
Taiga Announces $15 Million Term Loan Agreement and Provides a Production Update
October 4, 2023Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, announced that it has entered into a $15 million Secured Term Loan Agreement with Export Development Canada ("EDC"). The loan will support the Company's continued growth towards producing approximately 1,000 vehicles in 2023.
-
Associated Bank's Jay Williams named to List of Influential Leaders
October 4, 2023Associated Bank today announced that Jay Williams, Associated Banc-Corp Board of Directors Chairman, has been named one of the most influential leaders in corporate governance by the National Association of Corporate Directors (NACD) as part of their 2023 NACD Directorship 100™, an annual list of leading corporate directors and governance advocates.
-
Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
-
Rosenthal Closes Two Purchase Order Financing Transactions Totaling $3.5 Million
October 4, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.5 million.
-
Sallyport Commercial Finance Provides a $1M Facility for Lighting Manufacturer
October 4, 2023Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable facility for a lighting manufacturer headquartered in Tennessee. The business held a very strong sales position through the pandemic, however with subsequent supply chain challenges and inflationary pressure, sales plateaued over the last couple of years.
-
US Capital Global Provides $330 Million Financial Advisory for Entertainment Mega-Complex in the Southeastern United States
October 4, 2023US Capital Global has advised on $330 million debt and equity financing for a limited liability company developing an entertainment mega-complex in the Southeastern United States. The planned theme park aims to feature rollercoasters, raised walkways with observation decks, a selection of leading restaurant brands, shopping facilities, and a variety of popular themed rides and entertainment features.
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