J.P. Morgan today released its 2024 outlook for the alternative investment landscape. www.jpmorgan.com/altsoutlook. Uncertainty has remained a central theme in financial markets over the past several years. Surging inflation, rapid interest rate increases, slowing global growth, increased geopolitical risks and elevated stock and bond market volatility have all dramatically shifted the investment landscape, and alternative investments have not been immune.

Diamond Sports Group (“Diamond” or the “Company”) today announced that it has entered into a Restructuring Support Agreement (“RSA”) with its largest creditor groups, including over 85% of the Company’s first lien debt holders, over 50% of the Company’s second lien debt holders, and over 66% of unsecured bond holders, which provides a framework for a reorganization plan that would enable Diamond to emerge from bankruptcy as a going concern and continue its operations.

American Nuts, a sponsor-backed company, was referred to Gibraltar Business Capital (GBC) for its strengths in working with financial sponsors. American Nuts is a California-based, vertically integrated importer and processor of nuts, seeds, dried fruit, and other bulk products to industrial and retail customers. The company also provides category management and merchandising services to grocery customers through its value-added distribution arm.

Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare companies worldwide, is pleased to announce that its Healthcare Real Estate and ABL Group continued its stable growth in 2023, with Oxford providing over $430 million of capital commitments.

Vox Royalty Corp., a returns focused mining royalty company, is pleased to announce that it has entered into a definitive credit agreement with the Bank of Montreal providing for a $15 million secured revolving credit facility (the "Facility").

Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that it has closed a refinancing agreement for a US$225 million debt facility with Zip Co Limited (“Zip”), a global leader in the digital retail finance and payments industries. The transaction will support the growth of Zip’s US receivables.

MPC Container Ships ASA (MPCC) has entered into a new USD 100 million four-year revolving credit facility agreement with Hamburg Commercial Bank (HCOB) at attractive terms. The facility remains undrawn and replaces former CIT and HCOB revolving credit facilities with a total commitment of USD 75 million and maturities in 2024 and 2026, respectively.

TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced that it has entered into a definitive agreement with Silver Point Finance ("Silver Point" or "SPF") for a $265 million credit facility with a maturity of January 2030, consisting of a $190 million funded term loan and a $75 million delayed-draw term loan that will refinance TETRA's existing term loan of $163 million and provide capital to advance TETRA's Arkansas bromine processing project.

First Citizens BancShares, Inc. ("BancShares") announced today that Gregory L. Smith has joined the company as an executive officer and Chief Information & Operations Officer (CIOO) for BancShares and its subsidiary, First-Citizens Bank & Trust Company ("First Citizens Bank").

MPearlRock today announced the acquisition of nutpods, a leading brand in the better-for-you, non-dairy coffee creamer category. MPearlRock is a partnership between PearlRock Partners and MidOcean Partners, a premier New York-based alternative asset manager specializing in middle market private equity and alternative credit investments, specifically focused on identifying and backing high-growth, emerging consumer packaged goods (“CPG”) brands. Terms of the transaction were not disclosed.

North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender headquartered in Norwalk, Connecticut, announced today the promotion of four employees representing several departments across the organization.

Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $4,000,000 stand-alone inventory revolving line of credit to a fleet parts manufacturer, sister company to a forging manufacturer currently being financed by IHC.

Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, announces it has signed a fair market value (FMV) lease program for a global OEM in the material handling industry.

-Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), and other group companies (collectively, “SMBC Group”) announced today that they have signed a memorandum of understanding to further expand their global strategic alliance to now include enhanced collaboration across Europe, the Middle East and Africa (“EMEA”) on future corporate and investment banking business opportunities.

First Business Bank is pleased to welcome Cooper Wage to its Southeast Wisconsin office as Vice President – Commercial Banking.

Huntington Business Credit announced it closed a $20,000,000 new credit facility with Energy Alloys Global Solutions Americas, LLC on December 8, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the closing of a robust slate of asset-based lending transactions during the second half of 2023.

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced plans to market for sale an additional tranche of neighborhood pharmacy leases and fee-owned properties, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.

eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announces the recent funding of a $12MM asset-based lending facility tailored to support a US-based manufacturing company experiencing financial stress.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $15MM ABL facility, comprised of an AR and Inventory revolver to a Custom Poultry Processor & Distributor. The Company was seeking a lending partner who could provide greater flexibility than its current bank lender, while also understanding the unique challenges inherent to its business and their industry.