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Sallyport Welcomes Ali Momin as Underwriting Analyst
August 31, 2023Ali Momin joins Sallyport Commercial Finance, LLC as an Underwriting Analyst after graduating from the University of Houston with a BBA in Finance and MIS in May 2023.
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Amerisource Closes $10,000,000 Working Capital Facility for Manufacturing & Distribution Firm
August 31, 2023Amerisource Business Capital announced the closing and funding of a $10,000,000 working capital facility for a Texas-based manufacturer and distributor of industrial chemicals.
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Crisis Averted: Second Circuit Rejects Effort to Recast Secured Loans as Securities
August 31, 2023On August 24, 2023, the Second Circuit prevented turmoil in the commercial lending market, ruling in Kirschner v. JP Morgan Chase Bank, N.A. (JPM), et al. that syndicated secured term loan notes were not securities for state-law purposes, applying the Supreme Court’s test in Reves v. Ernst & Young.
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B. Riley Serves as Exclusive Financial Advisor to AllOver Media in Connection with its Acquisition of Boxi
August 31, 2023B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as the exclusive financial advisor to AllOver Media ("AllOver"), a portfolio company of Shoreview Industries, in connection with its acquisition of Boxi.
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Celtic Capital Provides $1 Million Line of Credit to Sea Salt Importer
August 31, 2023Celtic Capital Corporation announced its most recent new client relationship – an Arizona- based company that imports premium natural sea salt.
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Mallinckrodt Receives Court Approval for "First Day" Motions to Support Ongoing Operations
August 30, 2023Mallinckrodt plc (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.
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Republic Business Credit Provides Asset Based Line of Credit to Solar Company
August 30, 2023Republic partners with residential solar provider to support growth opportunities and meet rising demand.
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Lighter Capital closes $130 million credit facility to support early-stage companies
August 30, 2023Revenue-based financing FinTech Lighter Capital has closed a $130m credit facility, and plans to use the capital to support early-stage companies.
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Capital Bank Launches New Lender Finance Group
August 30, 2023Capital Bank, a prominent commercial bank in the DC Metro Region, proudly announces the creation of its new Lender Finance Group.
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Darren Sabeski Joins Mitsubishi HC Capital Canada as Account Manager for Inventory Finance
August 30, 2023Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announces that industry veteran Darren Sabeski has recently joined the company to support business development initiatives in its Inventory Finance division.
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Gibraltar Business Capital Provides $26.4MM in Acquisition Financing
August 29, 2023Continuing its strong reputation for being a preferred ABL partner for sponsor-backed transactions, GBC has strengthened its relationship with a private equity group that acquired a leading North American supplement manufacturer.
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Culain Capital Funding Provides $3MM in Recent Purchase Order and Factoring Facilities
August 29, 2023Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of two separate $1,500,000 million accounts receivable factoring and purchase order facilities.
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Gibraltar Equipment Finance Provides $4MM to Sponsor-Backed Pet Food Manufacturer
August 29, 2023Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company is pleased to announce the closing of a $4MM equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer (Company).
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First Citizens Bank Serves as Lead Arranger on $200 Million Financing for New Fortress Energy
August 29, 2023First Citizens Bank today announced that its Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.
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Aequum Capital Provides $7.3MM Asset-Based Revolver and Equipment Finance Term Loan to Premier Texas Based Manufacturer
August 29, 2023Aequum Capital is pleased to announce it recently closed a $7,300,000 credit facility to a premier Texas based manufacturer.
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IBC Advanced Alloys Announces Entering Into New Term Loan and Amendment of Existing Credit Facilities
August 29, 2023IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into a term loan (the "Term Loan") with Sallyport Commercial Finance, LLC ("Sallyport") and amendments to existing credit facilities (the "Amendments") with each of Sallyport and Iron Horse Credit, LLC ("Iron Horse") as further described below, resulting in access to US$7,000,000 in additional funding.
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SunVest Solar Obtains $60 Million Financing Facility
August 29, 2023SunVest Solar LLC, an independent, vertically integrated renewable energy business headquartered in Chicago and Milwaukee, has closed on a $60 million construction loan facility.
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Troutman Pepper Counsels Burke & Herbert Financial Services Corp. in Merger with Summit Financial Group, Inc.
August 28, 2023Troutman Pepper client Burke & Herbert Financial Services Corp. and Summit Financial Group Inc. recently announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals.
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Huntington Business Credit Deal Announcement: Aurora Wholesalers, LLC (dba The Mazel Company)
August 28, 2023Huntington Business Credit announced it closed a $20,000,000 new credit facility with Aurora Wholesalers, LLC (dba The Mazel Company) on August 4, 2023.
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Blank Rome Attorneys Recognized in 2024 Best Lawyers in America®
August 28, 2023Blank Rome is pleased to announce that 200 firm attorneys have been recognized in Best Lawyers in America® 2024 in the annual categories of “Lawyers of the Year,” “Ones to Watch,” and “Best Lawyers,” in more than 50 practice areas across 12 regions.
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Sallyport Welcomes Ali Momin as Underwriting Analyst
August 31, 2023Ali Momin joins Sallyport Commercial Finance, LLC as an Underwriting Analyst after graduating from the University of Houston with a BBA in Finance and MIS in May 2023.
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Amerisource Closes $10,000,000 Working Capital Facility for Manufacturing & Distribution Firm
August 31, 2023Amerisource Business Capital announced the closing and funding of a $10,000,000 working capital facility for a Texas-based manufacturer and distributor of industrial chemicals.
-
Crisis Averted: Second Circuit Rejects Effort to Recast Secured Loans as Securities
August 31, 2023On August 24, 2023, the Second Circuit prevented turmoil in the commercial lending market, ruling in Kirschner v. JP Morgan Chase Bank, N.A. (JPM), et al. that syndicated secured term loan notes were not securities for state-law purposes, applying the Supreme Court’s test in Reves v. Ernst & Young.
-
B. Riley Serves as Exclusive Financial Advisor to AllOver Media in Connection with its Acquisition of Boxi
August 31, 2023B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as the exclusive financial advisor to AllOver Media ("AllOver"), a portfolio company of Shoreview Industries, in connection with its acquisition of Boxi.
-
Celtic Capital Provides $1 Million Line of Credit to Sea Salt Importer
August 31, 2023Celtic Capital Corporation announced its most recent new client relationship – an Arizona- based company that imports premium natural sea salt.
-
Mallinckrodt Receives Court Approval for "First Day" Motions to Support Ongoing Operations
August 30, 2023Mallinckrodt plc (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.
-
Republic Business Credit Provides Asset Based Line of Credit to Solar Company
August 30, 2023Republic partners with residential solar provider to support growth opportunities and meet rising demand.
-
Lighter Capital closes $130 million credit facility to support early-stage companies
August 30, 2023Revenue-based financing FinTech Lighter Capital has closed a $130m credit facility, and plans to use the capital to support early-stage companies.
-
Capital Bank Launches New Lender Finance Group
August 30, 2023Capital Bank, a prominent commercial bank in the DC Metro Region, proudly announces the creation of its new Lender Finance Group.
-
Darren Sabeski Joins Mitsubishi HC Capital Canada as Account Manager for Inventory Finance
August 30, 2023Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announces that industry veteran Darren Sabeski has recently joined the company to support business development initiatives in its Inventory Finance division.
-
Gibraltar Business Capital Provides $26.4MM in Acquisition Financing
August 29, 2023Continuing its strong reputation for being a preferred ABL partner for sponsor-backed transactions, GBC has strengthened its relationship with a private equity group that acquired a leading North American supplement manufacturer.
-
Culain Capital Funding Provides $3MM in Recent Purchase Order and Factoring Facilities
August 29, 2023Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of two separate $1,500,000 million accounts receivable factoring and purchase order facilities.
-
Gibraltar Equipment Finance Provides $4MM to Sponsor-Backed Pet Food Manufacturer
August 29, 2023Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company is pleased to announce the closing of a $4MM equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer (Company).
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First Citizens Bank Serves as Lead Arranger on $200 Million Financing for New Fortress Energy
August 29, 2023First Citizens Bank today announced that its Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.
-
Aequum Capital Provides $7.3MM Asset-Based Revolver and Equipment Finance Term Loan to Premier Texas Based Manufacturer
August 29, 2023Aequum Capital is pleased to announce it recently closed a $7,300,000 credit facility to a premier Texas based manufacturer.
-
IBC Advanced Alloys Announces Entering Into New Term Loan and Amendment of Existing Credit Facilities
August 29, 2023IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into a term loan (the "Term Loan") with Sallyport Commercial Finance, LLC ("Sallyport") and amendments to existing credit facilities (the "Amendments") with each of Sallyport and Iron Horse Credit, LLC ("Iron Horse") as further described below, resulting in access to US$7,000,000 in additional funding.
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SunVest Solar Obtains $60 Million Financing Facility
August 29, 2023SunVest Solar LLC, an independent, vertically integrated renewable energy business headquartered in Chicago and Milwaukee, has closed on a $60 million construction loan facility.
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Troutman Pepper Counsels Burke & Herbert Financial Services Corp. in Merger with Summit Financial Group, Inc.
August 28, 2023Troutman Pepper client Burke & Herbert Financial Services Corp. and Summit Financial Group Inc. recently announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals.
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Huntington Business Credit Deal Announcement: Aurora Wholesalers, LLC (dba The Mazel Company)
August 28, 2023Huntington Business Credit announced it closed a $20,000,000 new credit facility with Aurora Wholesalers, LLC (dba The Mazel Company) on August 4, 2023.
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Blank Rome Attorneys Recognized in 2024 Best Lawyers in America®
August 28, 2023Blank Rome is pleased to announce that 200 firm attorneys have been recognized in Best Lawyers in America® 2024 in the annual categories of “Lawyers of the Year,” “Ones to Watch,” and “Best Lawyers,” in more than 50 practice areas across 12 regions.
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