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Scotiabank Announces Senior Leadership Appointments
September 6, 2023Scotiabank announced today that Barb Mason, Group Head and Chief Human Resources Officer (CHRO), has announced her intention to retire from Scotiabank at the end of 2023, after a 41-year career with the bank.
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Jill Ford Joins the Corporate & Investment Bank as Head of Equity Capital Markets
September 6, 2023Wells Fargo & Company (NYSE: WFC) today announced that Jill Ford has joined the Corporate & Investment Bank (CIB) as head of Equity Capital Markets. She reports to Tim O’Hara, head of Banking, and is based in New York.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of BV Investment Partners’ Investment in the Hardenbergh Group
September 6, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners’ (“BV”) growth-oriented investment in The Hardenbergh Group (“THG”), a leading provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide.
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Express (EXPR) Enters Asset-based Term Loan Agreement with ReStore Capital
September 6, 2023On September 5, 2023, Express (NYSE: EXPR), Express, LLC (the “Borrower”), an indirect, wholly-owned subsidiary of the Company, and certain other direct or indirect, wholly-owned subsidiaries of the Company (collectively, with the Company, the “Guarantors” and, together with the Borrower, the “Loan Parties”) entered into an asset-based term loan agreement (the “Term Loan Agreement”) with ReStore Capital LLC, as administrative agent, collateral agent and lender, and the other lenders from time to time party thereto.
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OPAL Fuels Announces New $500 Million Credit Facility
September 6, 2023OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced today the closing of a new $500 million senior secured credit facility (the “Credit Facility”).
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ASGN Successfully Completes Refinancing and Upsizing of $500 Million Revolving Credit Facility and $500 Million Term Loan B
September 6, 2023-ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors, announced today that the Company has successfully completed a series of transactions that upsize its Revolving Credit Facility and Term Loan B, extending the maturities of each.
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August Commercial Chapter 11 Filings Increase 54 Percent Over Last Year
September 6, 2023There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54 percent from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
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Prime Healthcare Services Completes Refinancing of ABL Credit Facility
September 6, 2023On August 25, 2023, Prime Healthcare Services, Inc. closed a $425 million senior secured revolving credit facility. Due to strong lender support, the new credit facility is expected to be upsized to $450 million in early September 2023.
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Cumberland Pharmaceuticals (CPIX) Enters New $25M Revolving Credit Facility
September 6, 2023On September 5, 2023, Cumberland Pharmaceuticals (NASDAQ: CPIX) entered into a new revolving credit loan agreement with Pinnacle Bank (the “New Pinnacle Agreement”). The New Pinnacle Agreement provides for an aggregate principal funding amount of up to $25 million.
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Associated Bank Releases 2022 Sustainability Report
September 6, 2023Associated Banc-Corp (NYSE: ASB) ("Associated Bank") has released its 2022 Sustainability Report. This annual report highlights the company's progress on environmental, social and governance initiatives and related priorities designed to improve the economic health of its markets; deliver a safe, productive and engaging workplace and culture; promote diversity, equity and inclusion; and preserve the environment.
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Abacus Finance Supports WestView's Growth Investment in Hubstaff; also makes Co-Investment
September 6, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the strategic growth investment in Hubstaff by WestView Capital Partners.
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Commercial Credit, Inc. Named to North Carolina’s Top 40 Mid-Market Companies for the Eleventh Consecutive Year
September 5, 2023Commercial Credit, Inc., parent company of Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp., has been named to the Business North Carolina Mid-Market Fast 40 List for the eleventh time.
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AlixLabs secures SEK 40 million investment to advance energy-efficient semiconductor innovation
September 5, 2023Swedish semiconductor trailblazer, AlixLabs, has successfully secured SEK 40 million in funding to accelerate their pioneering work.
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Oxford Commercial Finance Provides $3MM Line of Credit to Aerospace Company
September 5, 2023Oxford Commercial Finance provides a $3MM Asset-Based Line of Credit to a Florida-based Aerospace company.
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Austin Financial Services closes a $4MM ABL Facility to Private Equity-owned Contract Beverage Manufacturer
September 5, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4MM ABL facility, consisting of an AR & Inventory revolver, with an Equipment term loan, to a private equity owned contract beverage manufacturer based in the Pacific Northwest.
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Crown Partners Further Expands Asset-Based Finance Capabilities - Adds Justin Anderson as Managing Director
September 1, 2023Crown Partners (“Crown” or the “Firm”), a capital markets advisor focused exclusively on asset-based financings in the middle market, today announced that Justin Anderson has joined the Firm as a Managing Director.
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Great Rock Capital Adds Senior Originator in Southeast Market
September 1, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Scott Sundal has joined the firm as a Managing Director of Originations.
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Amerisource Closes $2,000,000 Working Capital Facility for Manufacturing Company
September 1, 2023Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a California-based manufacturer and distributor of designer bathroom vanity units, sinks, toilets, and bidets.
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Lighthouse Recognizes Mark Walling for 30 Years of Service & Leadership
September 1, 2023Lighthouse Financial Corp. recognizes Mark Walling for 30 Years of meritorious service.
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B. Riley Acts as Exclusive Real Estate Advisor in $65 Million 363 Asset Sale of United Furniture Industrial Portfolio
September 1, 2023B. Riley Real Estate, LLC, subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley”), is pleased to announce it served as exclusive real estate advisor in connection with the United Furniture Industries, Inc. (“UFI”) Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the Lane Furniture real estate portfolio.
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Scotiabank Announces Senior Leadership Appointments
September 6, 2023Scotiabank announced today that Barb Mason, Group Head and Chief Human Resources Officer (CHRO), has announced her intention to retire from Scotiabank at the end of 2023, after a 41-year career with the bank.
-
Jill Ford Joins the Corporate & Investment Bank as Head of Equity Capital Markets
September 6, 2023Wells Fargo & Company (NYSE: WFC) today announced that Jill Ford has joined the Corporate & Investment Bank (CIB) as head of Equity Capital Markets. She reports to Tim O’Hara, head of Banking, and is based in New York.
-
Stellus Capital Management, LLC Provides Unitranche Financing in Support of BV Investment Partners’ Investment in the Hardenbergh Group
September 6, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners’ (“BV”) growth-oriented investment in The Hardenbergh Group (“THG”), a leading provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide.
-
Express (EXPR) Enters Asset-based Term Loan Agreement with ReStore Capital
September 6, 2023On September 5, 2023, Express (NYSE: EXPR), Express, LLC (the “Borrower”), an indirect, wholly-owned subsidiary of the Company, and certain other direct or indirect, wholly-owned subsidiaries of the Company (collectively, with the Company, the “Guarantors” and, together with the Borrower, the “Loan Parties”) entered into an asset-based term loan agreement (the “Term Loan Agreement”) with ReStore Capital LLC, as administrative agent, collateral agent and lender, and the other lenders from time to time party thereto.
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OPAL Fuels Announces New $500 Million Credit Facility
September 6, 2023OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced today the closing of a new $500 million senior secured credit facility (the “Credit Facility”).
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ASGN Successfully Completes Refinancing and Upsizing of $500 Million Revolving Credit Facility and $500 Million Term Loan B
September 6, 2023-ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors, announced today that the Company has successfully completed a series of transactions that upsize its Revolving Credit Facility and Term Loan B, extending the maturities of each.
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August Commercial Chapter 11 Filings Increase 54 Percent Over Last Year
September 6, 2023There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54 percent from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
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Prime Healthcare Services Completes Refinancing of ABL Credit Facility
September 6, 2023On August 25, 2023, Prime Healthcare Services, Inc. closed a $425 million senior secured revolving credit facility. Due to strong lender support, the new credit facility is expected to be upsized to $450 million in early September 2023.
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Cumberland Pharmaceuticals (CPIX) Enters New $25M Revolving Credit Facility
September 6, 2023On September 5, 2023, Cumberland Pharmaceuticals (NASDAQ: CPIX) entered into a new revolving credit loan agreement with Pinnacle Bank (the “New Pinnacle Agreement”). The New Pinnacle Agreement provides for an aggregate principal funding amount of up to $25 million.
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Associated Bank Releases 2022 Sustainability Report
September 6, 2023Associated Banc-Corp (NYSE: ASB) ("Associated Bank") has released its 2022 Sustainability Report. This annual report highlights the company's progress on environmental, social and governance initiatives and related priorities designed to improve the economic health of its markets; deliver a safe, productive and engaging workplace and culture; promote diversity, equity and inclusion; and preserve the environment.
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Abacus Finance Supports WestView's Growth Investment in Hubstaff; also makes Co-Investment
September 6, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the strategic growth investment in Hubstaff by WestView Capital Partners.
-
Commercial Credit, Inc. Named to North Carolina’s Top 40 Mid-Market Companies for the Eleventh Consecutive Year
September 5, 2023Commercial Credit, Inc., parent company of Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp., has been named to the Business North Carolina Mid-Market Fast 40 List for the eleventh time.
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AlixLabs secures SEK 40 million investment to advance energy-efficient semiconductor innovation
September 5, 2023Swedish semiconductor trailblazer, AlixLabs, has successfully secured SEK 40 million in funding to accelerate their pioneering work.
-
Oxford Commercial Finance Provides $3MM Line of Credit to Aerospace Company
September 5, 2023Oxford Commercial Finance provides a $3MM Asset-Based Line of Credit to a Florida-based Aerospace company.
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Austin Financial Services closes a $4MM ABL Facility to Private Equity-owned Contract Beverage Manufacturer
September 5, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4MM ABL facility, consisting of an AR & Inventory revolver, with an Equipment term loan, to a private equity owned contract beverage manufacturer based in the Pacific Northwest.
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Crown Partners Further Expands Asset-Based Finance Capabilities - Adds Justin Anderson as Managing Director
September 1, 2023Crown Partners (“Crown” or the “Firm”), a capital markets advisor focused exclusively on asset-based financings in the middle market, today announced that Justin Anderson has joined the Firm as a Managing Director.
-
Great Rock Capital Adds Senior Originator in Southeast Market
September 1, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Scott Sundal has joined the firm as a Managing Director of Originations.
-
Amerisource Closes $2,000,000 Working Capital Facility for Manufacturing Company
September 1, 2023Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a California-based manufacturer and distributor of designer bathroom vanity units, sinks, toilets, and bidets.
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Lighthouse Recognizes Mark Walling for 30 Years of Service & Leadership
September 1, 2023Lighthouse Financial Corp. recognizes Mark Walling for 30 Years of meritorious service.
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B. Riley Acts as Exclusive Real Estate Advisor in $65 Million 363 Asset Sale of United Furniture Industrial Portfolio
September 1, 2023B. Riley Real Estate, LLC, subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley”), is pleased to announce it served as exclusive real estate advisor in connection with the United Furniture Industries, Inc. (“UFI”) Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the Lane Furniture real estate portfolio.
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