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 & 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.

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 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 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 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.

- 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. 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, 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 (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 (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.

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.”

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 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 (“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, 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.

CIBC Innovation Banking announced today that it has provided financing support for Clearhaven Partners’ investment in Korbyt, an industry-leading workplace experience platform.

Alterna Equity Partners (“AEP”), a South Florida-based lower middle market private equity firm, today announced the 100% sale of one of its portfolio companies, Alterna Capital Solutions, LLC (“ACS”) to Paychex, Inc. (“Paychex”). The sale of ACS represents a successful exit for AEP.

Manufacturers Bank, a subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, announced that it will be changing its name to SMBC MANUBANK as it expands into new markets and industries, and highlighting its decades-long affiliation with Sumitomo Mitsui Banking Corporation, a global leader in finance and innovation.

Celtic Capital Corporation today announced its most recent new client relationship – a New York-based company providing printing services to the newspaper advertising industry. This Company, founded in 1980, had been harmed by the pandemic and was out of covenant with its bank.