• Morgan Lewis Expands Finance Team in New York with Partner Penelope Christophorou
    October 2, 2023
    Penelope Christophorou, a finance lawyer with more than 25 years’ experience, joins Morgan Lewis as a partner in New York. Arriving from Cleary, Gottlieb, Steen & Hamilton, Penelope will advise on commercial finance transactions, particularly those related to bankruptcy.
  • nFusion Capital Provides $2 Million Factoring Line of Credit for Sullivan Commercial Painting, Inc.
    October 2, 2023
    Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond to client needs.
  • Moritt Hock & Hamroff Recognized As One Of Long Island Business News' Inaugural 2023 Empowering Women Honorees
    October 2, 2023
    The law firm of Moritt Hock & Hamroff has been recognized as one of Long Island Business News' Inaugural 2023 Empowering Women Honorees for its commitment to the growth and advancement of women, cultivation of diverse and inclusive communities and fostering of social responsibility.
  • Rosenthal Closes Three Asset Based Lending Transactions
    October 2, 2023
    Rosenthal & 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 three asset-based lending transactions across multiple industries.
  • Rosenthal Closes Three Asset Based Lending Transactions
    October 2, 2023
    Rosenthal & 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 three asset-based lending transactions across multiple industries.
  • Rosenthal Closes Three Asset Based Lending Transactions
    October 2, 2023
    Rosenthal & 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 three asset-based lending transactions across multiple industries.
  • Oregon-based Metal Injection Molding Company Partners with Republic Business Credit
    October 2, 2023
    When an Oregon-based private equity-owned metal injection molding company sought a new partner to replace their bank line of credit, they chose Republic Business Credit. Republic extended a $3.5 million asset-based loan revolver with an additional $500k equipment term loan.
  • First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals
    October 2, 2023
    First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger.
  • CVC Credit Supports Add-on Acquisitions by Trilon Group
    October 2, 2023
    CVC Credit is pleased to announce that it recently provided financing solutions to support the add-on acquisitions of three businesses by Trilon Group, backed by Alpine Investors.
  • CIBC Innovation Banking Provides Funding to Nanoprecise Science Corp.
    October 2, 2023
    CIBC Innovation Banking announced today that it has provided a $3.5 million debt financing facility to Edmonton-based, Nanoprecise Sci Corp. (Nanoprecise). The company plans to use the funds for working capital purposes.
  • Barretts Minerals Inc. and Barretts Ventures Texas LLC File for Chapter 11 Protection
    October 2, 2023
    - Minerals Technologies Inc. (NYSE: MTX) (“MTI” or the “Company”) today announced that its subsidiaries, Barretts Minerals Inc. (“BMI”) and Barretts Ventures Texas LLC (together, “the Debtors”), filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to address and comprehensively resolve BMI’s liabilities associated with talc.
  • U.S. Bank CFO Insights Report: Finance Leaders Shift to Defense Mode
    October 2, 2023
    U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to the 2023 U.S. Bank CFO Insights Report.
  • Encina Lender Finance Provides $50MM Credit Facility for Bright Money
    October 2, 2023
    Encina Lender Finance, LLC (ELF) announced today the closing of a $50MM senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt.
  • Wells Fargo Sells $2 Billion of Private Equity Investments
    October 2, 2023
    Wells Fargo (WFC.N) said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Lenders have been looking to improve efficiency and scale back less important bets, to better navigate the uncertainty as the Federal Reserve tries to engineer a soft landing for the U.S. economy.
  • MidFirst Business Credit Announces New Lending Relationship with Control Solutions LLC
    October 2, 2023
    MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Control Solutions LLC (Control). Headquartered in Aurora, Illinois, Control manufactures a complete line of electronic commercial drive controllers and battery charging systems.
  • Republic Capital Access Announces Personnel Changes
    October 2, 2023
    After much thought and consideration, Isaac Ellsworth has decided to explore opportunities in sectors other than finance. “Over the last two years, we have thoroughly enjoyed Isaac’s enthusiasm and upbeat personality,” said Republic SVP Matt Stavish. “While we will miss him, we certainly understand, and are supportive of, his decision. We wish him the best as he transitions to the next chapter of his professional life.”
  • Bank of America Names Tyrone Noel Hampton Roads President
    October 2, 2023
    Today, Bank of America is announcing that Tyrone Noel has been named president of Bank of America Hampton Roads. As president, Noel will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration across the bank’s eight lines of business. He will oversee the bank’s efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen client relationships.
  • Morrison Foerster Guides CalPlant to Emergence from Chapter 11
    October 2, 2023
    Morrison Forester is pleased to announce that it has successfully guided CalPlant to emergence from its chapter 11 bankruptcy proceedings. Prior to its bankruptcy case, CalPlant constructed the world’s first plant intended to convert rice straw (a waste product of rice production) into high-quality, environmentally friendly, and competitively priced medium-density fiberboard (MDF).
  • Byline Sponsor Finance Supports The Brydon Group’s Investment in Peak Performance
    October 2, 2023
    Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support The Brydon Group’s investment in Peak Performance. BSF was represented by Duane Morris, LLP.
  • Star Mountain Capital Adds Chris Calabrese, Former Co-Founder of LBC Credit Partners, as Strategic Portfolio Partner
    October 2, 2023
    Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that Chris Calabrese, co-founding partner of $3+ billion AUM private credit manager LBC Credit Partners, has transitioned from a Star Mountain Operating Partner to a full-time role of Strategic Portfolio Partner.
  • Morgan Lewis Expands Finance Team in New York with Partner Penelope Christophorou
    October 2, 2023
    Penelope Christophorou, a finance lawyer with more than 25 years’ experience, joins Morgan Lewis as a partner in New York. Arriving from Cleary, Gottlieb, Steen & Hamilton, Penelope will advise on commercial finance transactions, particularly those related to bankruptcy.
  • nFusion Capital Provides $2 Million Factoring Line of Credit for Sullivan Commercial Painting, Inc.
    October 2, 2023
    Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond to client needs.
  • Moritt Hock & Hamroff Recognized As One Of Long Island Business News' Inaugural 2023 Empowering Women Honorees
    October 2, 2023
    The law firm of Moritt Hock & Hamroff has been recognized as one of Long Island Business News' Inaugural 2023 Empowering Women Honorees for its commitment to the growth and advancement of women, cultivation of diverse and inclusive communities and fostering of social responsibility.
  • Rosenthal Closes Three Asset Based Lending Transactions
    October 2, 2023
    Rosenthal & 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 three asset-based lending transactions across multiple industries.
  • Rosenthal Closes Three Asset Based Lending Transactions
    October 2, 2023
    Rosenthal & 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 three asset-based lending transactions across multiple industries.
  • Rosenthal Closes Three Asset Based Lending Transactions
    October 2, 2023
    Rosenthal & 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 three asset-based lending transactions across multiple industries.
  • Oregon-based Metal Injection Molding Company Partners with Republic Business Credit
    October 2, 2023
    When an Oregon-based private equity-owned metal injection molding company sought a new partner to replace their bank line of credit, they chose Republic Business Credit. Republic extended a $3.5 million asset-based loan revolver with an additional $500k equipment term loan.
  • First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals
    October 2, 2023
    First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger.
  • CVC Credit Supports Add-on Acquisitions by Trilon Group
    October 2, 2023
    CVC Credit is pleased to announce that it recently provided financing solutions to support the add-on acquisitions of three businesses by Trilon Group, backed by Alpine Investors.
  • CIBC Innovation Banking Provides Funding to Nanoprecise Science Corp.
    October 2, 2023
    CIBC Innovation Banking announced today that it has provided a $3.5 million debt financing facility to Edmonton-based, Nanoprecise Sci Corp. (Nanoprecise). The company plans to use the funds for working capital purposes.
  • Barretts Minerals Inc. and Barretts Ventures Texas LLC File for Chapter 11 Protection
    October 2, 2023
    - Minerals Technologies Inc. (NYSE: MTX) (“MTI” or the “Company”) today announced that its subsidiaries, Barretts Minerals Inc. (“BMI”) and Barretts Ventures Texas LLC (together, “the Debtors”), filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to address and comprehensively resolve BMI’s liabilities associated with talc.
  • U.S. Bank CFO Insights Report: Finance Leaders Shift to Defense Mode
    October 2, 2023
    U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to the 2023 U.S. Bank CFO Insights Report.
  • Encina Lender Finance Provides $50MM Credit Facility for Bright Money
    October 2, 2023
    Encina Lender Finance, LLC (ELF) announced today the closing of a $50MM senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt.
  • Wells Fargo Sells $2 Billion of Private Equity Investments
    October 2, 2023
    Wells Fargo (WFC.N) said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Lenders have been looking to improve efficiency and scale back less important bets, to better navigate the uncertainty as the Federal Reserve tries to engineer a soft landing for the U.S. economy.
  • MidFirst Business Credit Announces New Lending Relationship with Control Solutions LLC
    October 2, 2023
    MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Control Solutions LLC (Control). Headquartered in Aurora, Illinois, Control manufactures a complete line of electronic commercial drive controllers and battery charging systems.
  • Republic Capital Access Announces Personnel Changes
    October 2, 2023
    After much thought and consideration, Isaac Ellsworth has decided to explore opportunities in sectors other than finance. “Over the last two years, we have thoroughly enjoyed Isaac’s enthusiasm and upbeat personality,” said Republic SVP Matt Stavish. “While we will miss him, we certainly understand, and are supportive of, his decision. We wish him the best as he transitions to the next chapter of his professional life.”
  • Bank of America Names Tyrone Noel Hampton Roads President
    October 2, 2023
    Today, Bank of America is announcing that Tyrone Noel has been named president of Bank of America Hampton Roads. As president, Noel will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration across the bank’s eight lines of business. He will oversee the bank’s efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen client relationships.
  • Morrison Foerster Guides CalPlant to Emergence from Chapter 11
    October 2, 2023
    Morrison Forester is pleased to announce that it has successfully guided CalPlant to emergence from its chapter 11 bankruptcy proceedings. Prior to its bankruptcy case, CalPlant constructed the world’s first plant intended to convert rice straw (a waste product of rice production) into high-quality, environmentally friendly, and competitively priced medium-density fiberboard (MDF).
  • Byline Sponsor Finance Supports The Brydon Group’s Investment in Peak Performance
    October 2, 2023
    Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support The Brydon Group’s investment in Peak Performance. BSF was represented by Duane Morris, LLP.
  • Star Mountain Capital Adds Chris Calabrese, Former Co-Founder of LBC Credit Partners, as Strategic Portfolio Partner
    October 2, 2023
    Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that Chris Calabrese, co-founding partner of $3+ billion AUM private credit manager LBC Credit Partners, has transitioned from a Star Mountain Operating Partner to a full-time role of Strategic Portfolio Partner.
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