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Gateway Trade Funding Completes 21 Stretch Finance Transactions Totaling More Than $5,230,000
September 11, 2023Gateway Trade Funding, a PO and stretch financing company, is pleased to announce that we have recently completed the following stretch finance transactions: $350,000 loan for a US packaging company – funds for working capital. $100,000 loan for a US Gaming related company – funds for inventory.
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Solifi Named on 2023 IDC FinTech Top 100
September 11, 2023Solifi™, a global fintech software partner for secured finance firms, announced it was named among the top 100 on the 2023 IDC FinTech Rankings. The 20th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service providers to the financial services industry.
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SLR Appoints Ingrid Kiefer as Partner and Chief Business Development Officer
September 11, 2023SLR Capital Partners, LLC ("SLR"), a private credit platform specializing in direct lending to U.S. middle market companies, announces that Ingrid Kiefer will join the firm in September as a Partner and Chief Business Development Officer. Kiefer will lead SLR's business development and investor relations, leveraging over 25 years of experience in the credit and alternatives investment industry.
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Capteris Closes New $350MM Credit Facility, Strengthening Equipment Finance Business
September 11, 2023Capteris LLC is pleased to announce the closing of a new $350MM credit facility to support the growth of their equipment finance business. The lenders partnering with Capteris include Truist Bank as administrative agent and Bank of America, N.A.
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Bryant Park Capital Secures Senior Credit Facility for RapidFunds
September 11, 2023September 7, 2023 / Bryant Park Capital ("BPC"), a leading middle market investment bank with a focus on the specialty finance industry, announced today that Modeso LLC d/b/a RapidFunds ("RapidFunds" or the "Company"), a leading funder of U.S. plaintiff law firms, closed on a $35 million senior secured credit facility with a leading alternative credit fund.
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Wells Fargo Announces Retirement of William M. Daley, Vice Chairman of Public Affairs, at the End of 2023
September 11, 2023Wells Fargo today announced that William M. Daley, the company’s vice chairman of Public Affairs, will retire at the end of this year. Daley joined Wells Fargo in 2019 from BNY Mellon to lead Public Affairs, a newly created corporate function spanning Government Relations, Corporate Communications, Corporate Branding, Community Relations, the Wells Fargo Foundation, and other areas.
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Amerisource Closes $1,000,000 Working Capital Facility and Equity Co-Investment for Software Firm
September 11, 2023Amerisource Business Capital announced the closing and funding of a $1,000,000 working capital facility and Equity Co-Investment for a Texas-based technology platform for moving and transportation services. The proceeds were used to provide working capital to support expected rapid growth.
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NXT Capital Closes Unitranche Credit Facility in Support of Chef Merito’s Merger with La Fiesta
September 11, 2023NXT Capital announced today that it has provided a unitranche credit facility to support Chef Merito’s merger with La Fiesta. Chef Merito is a portfolio company of PNC Riverarch. NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.
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Ampla Raises $258m Credit Facility with Goldman Sachs and Atalaya Capital Management
September 11, 2023Today, Ampla, a leading provider of financial solutions for consumer brands, announced the raise of a $258m credit warehouse with Goldman Sachs and Atalaya Capital Management. The new debt facility provides incremental financing to power Ampla's Growth Capital products and allows the company to continue building the all-in-one platform for Consumer Brands.
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KKR Provides £75 Million Financing Facility to TalkTalk
September 11, 2023KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have agreed to provide a £75 million non-recourse financing facility to TalkTalk, a leading value for money connectivity provider in the UK.
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J D Factors Announces Factoring Facilities to 23 New Clients
September 11, 2023J D Factors provided $11,700,000 in new factoring facilities to 23 new clients in the US and Canada during the month of August. Some of these facilities include: a $200,000 factoring facility for a fiberoptic installation company in Quebec; a $500,000 factoring facility for a transportation company in California; a $2,000,000 factoring facility for a staffing company in Georgia.
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Global Net Lease, Inc. Announces $500 Million Credit Facility Accordion
September 7, 2023Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that a consortium of banks have provided an indicative commitment to KeyBank National Association, in its capacity as lead arranger and administrative agent under a confidential mandate letter executed in favor of the Company, to provide funding for a $500 million expansion of GNL's credit facility
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Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize
September 7, 2023Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400 million up to $635 million with proceeds used to support the Company's ongoing operations and enhance their growth initiatives.
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U.S. Bank Names Shruti Patel Chief Product Officer for Business Banking Segment
September 7, 2023Shruti Patel has joined U.S. Bank as chief product officer for the business banking segment. In this key leadership role within the Consumer and Business Banking group, she will be responsible for delivering an integrated product strategy that connects banking, payments and software for business clients with up to $25 million in revenue.
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CIT Northbridge Provides $55 Million in Exit Financing to National CineMedia LLC
September 7, 2023First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $55 million revolving credit facility to National CineMedia LLC to support their emergence from Chapter 11 bankruptcy.
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Access Capital, Inc. Announces William Palmer's promotion to Collateral Analyst, Team Leader
September 7, 2023As part of our growth initiatives, ongoing commitment to the success of our clients, and recognition of his skills, Access Capital is delighted to announce that William (Bill) Palmer has been promoted to the role of Collateral Analyst & Team Leader.
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Monroe Capital Supports Specialized Packaging Group’s Acquisition of Protective Packaging Solutions
September 7, 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 Protective Packaging Solutions (“PPS”) by Specialized Packaging Group (“SPG”). SPG is an existing portfolio company of Altamont Capital Partners.
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Polen Capital Launches Inaugural Credit Interval Fund
September 7, 2023Polen Capital, a global asset manager, today announced the launch of the Polen Credit Opportunities Fund (“Fund”) (PCOFX), Polen’s first interval fund offering. The Fund, a flexible and high-conviction credit product that aims to provide investors with high current income, attractive risk-adjusted returns, and diversified credit exposure, pursues a strategy that has been managed by Polen since 2010.
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Mochizuki Joins CohnReznick as Transaction Advisory Services Partner
September 7, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Greg Mochizuki has joined the firm as a partner in its burgeoning Transaction Advisory Services practice. He will be focused on growing CohnReznick’s transactions practice in the technology sector and is based in the Bay Area.
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Armory Securities, LLC Announces that LeVecke Corporation Successfully Completed $79 Million of Refinancing
September 7, 2023Armory Securities, LLC is pleased to announce that LeVecke Corporation (“LeVecke”) has successfully completed $79 million of refinancing. Armory served as exclusive financial advisor and placement agent to LeVecke for the transaction.
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Gateway Trade Funding Completes 21 Stretch Finance Transactions Totaling More Than $5,230,000
September 11, 2023Gateway Trade Funding, a PO and stretch financing company, is pleased to announce that we have recently completed the following stretch finance transactions: $350,000 loan for a US packaging company – funds for working capital. $100,000 loan for a US Gaming related company – funds for inventory.
-
Solifi Named on 2023 IDC FinTech Top 100
September 11, 2023Solifi™, a global fintech software partner for secured finance firms, announced it was named among the top 100 on the 2023 IDC FinTech Rankings. The 20th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service providers to the financial services industry.
-
SLR Appoints Ingrid Kiefer as Partner and Chief Business Development Officer
September 11, 2023SLR Capital Partners, LLC ("SLR"), a private credit platform specializing in direct lending to U.S. middle market companies, announces that Ingrid Kiefer will join the firm in September as a Partner and Chief Business Development Officer. Kiefer will lead SLR's business development and investor relations, leveraging over 25 years of experience in the credit and alternatives investment industry.
-
Capteris Closes New $350MM Credit Facility, Strengthening Equipment Finance Business
September 11, 2023Capteris LLC is pleased to announce the closing of a new $350MM credit facility to support the growth of their equipment finance business. The lenders partnering with Capteris include Truist Bank as administrative agent and Bank of America, N.A.
-
Bryant Park Capital Secures Senior Credit Facility for RapidFunds
September 11, 2023September 7, 2023 / Bryant Park Capital ("BPC"), a leading middle market investment bank with a focus on the specialty finance industry, announced today that Modeso LLC d/b/a RapidFunds ("RapidFunds" or the "Company"), a leading funder of U.S. plaintiff law firms, closed on a $35 million senior secured credit facility with a leading alternative credit fund.
-
Wells Fargo Announces Retirement of William M. Daley, Vice Chairman of Public Affairs, at the End of 2023
September 11, 2023Wells Fargo today announced that William M. Daley, the company’s vice chairman of Public Affairs, will retire at the end of this year. Daley joined Wells Fargo in 2019 from BNY Mellon to lead Public Affairs, a newly created corporate function spanning Government Relations, Corporate Communications, Corporate Branding, Community Relations, the Wells Fargo Foundation, and other areas.
-
Amerisource Closes $1,000,000 Working Capital Facility and Equity Co-Investment for Software Firm
September 11, 2023Amerisource Business Capital announced the closing and funding of a $1,000,000 working capital facility and Equity Co-Investment for a Texas-based technology platform for moving and transportation services. The proceeds were used to provide working capital to support expected rapid growth.
-
NXT Capital Closes Unitranche Credit Facility in Support of Chef Merito’s Merger with La Fiesta
September 11, 2023NXT Capital announced today that it has provided a unitranche credit facility to support Chef Merito’s merger with La Fiesta. Chef Merito is a portfolio company of PNC Riverarch. NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.
-
Ampla Raises $258m Credit Facility with Goldman Sachs and Atalaya Capital Management
September 11, 2023Today, Ampla, a leading provider of financial solutions for consumer brands, announced the raise of a $258m credit warehouse with Goldman Sachs and Atalaya Capital Management. The new debt facility provides incremental financing to power Ampla's Growth Capital products and allows the company to continue building the all-in-one platform for Consumer Brands.
-
KKR Provides £75 Million Financing Facility to TalkTalk
September 11, 2023KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have agreed to provide a £75 million non-recourse financing facility to TalkTalk, a leading value for money connectivity provider in the UK.
-
J D Factors Announces Factoring Facilities to 23 New Clients
September 11, 2023J D Factors provided $11,700,000 in new factoring facilities to 23 new clients in the US and Canada during the month of August. Some of these facilities include: a $200,000 factoring facility for a fiberoptic installation company in Quebec; a $500,000 factoring facility for a transportation company in California; a $2,000,000 factoring facility for a staffing company in Georgia.
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Global Net Lease, Inc. Announces $500 Million Credit Facility Accordion
September 7, 2023Global Net Lease, Inc. ("GNL" or "the Company") (NYSE: GNL/ GNL PRA / GNL PRB) announced today that a consortium of banks have provided an indicative commitment to KeyBank National Association, in its capacity as lead arranger and administrative agent under a confidential mandate letter executed in favor of the Company, to provide funding for a $500 million expansion of GNL's credit facility
-
Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize
September 7, 2023Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400 million up to $635 million with proceeds used to support the Company's ongoing operations and enhance their growth initiatives.
-
U.S. Bank Names Shruti Patel Chief Product Officer for Business Banking Segment
September 7, 2023Shruti Patel has joined U.S. Bank as chief product officer for the business banking segment. In this key leadership role within the Consumer and Business Banking group, she will be responsible for delivering an integrated product strategy that connects banking, payments and software for business clients with up to $25 million in revenue.
-
CIT Northbridge Provides $55 Million in Exit Financing to National CineMedia LLC
September 7, 2023First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $55 million revolving credit facility to National CineMedia LLC to support their emergence from Chapter 11 bankruptcy.
-
Access Capital, Inc. Announces William Palmer's promotion to Collateral Analyst, Team Leader
September 7, 2023As part of our growth initiatives, ongoing commitment to the success of our clients, and recognition of his skills, Access Capital is delighted to announce that William (Bill) Palmer has been promoted to the role of Collateral Analyst & Team Leader.
-
Monroe Capital Supports Specialized Packaging Group’s Acquisition of Protective Packaging Solutions
September 7, 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 Protective Packaging Solutions (“PPS”) by Specialized Packaging Group (“SPG”). SPG is an existing portfolio company of Altamont Capital Partners.
-
Polen Capital Launches Inaugural Credit Interval Fund
September 7, 2023Polen Capital, a global asset manager, today announced the launch of the Polen Credit Opportunities Fund (“Fund”) (PCOFX), Polen’s first interval fund offering. The Fund, a flexible and high-conviction credit product that aims to provide investors with high current income, attractive risk-adjusted returns, and diversified credit exposure, pursues a strategy that has been managed by Polen since 2010.
-
Mochizuki Joins CohnReznick as Transaction Advisory Services Partner
September 7, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Greg Mochizuki has joined the firm as a partner in its burgeoning Transaction Advisory Services practice. He will be focused on growing CohnReznick’s transactions practice in the technology sector and is based in the Bay Area.
-
Armory Securities, LLC Announces that LeVecke Corporation Successfully Completed $79 Million of Refinancing
September 7, 2023Armory Securities, LLC is pleased to announce that LeVecke Corporation (“LeVecke”) has successfully completed $79 million of refinancing. Armory served as exclusive financial advisor and placement agent to LeVecke for the transaction.
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