Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The financial support from VPC will propel Klar during a moment of transformative growth for the company, as it expands product offers that provide Mexicans with enhanced access to reliable, simple and transparent credit cards.

Wingspire Capital committed a $35 million senior secured term loan and a $15 million revolver to Tooling Tech Group as the company leans into a new era of growth. The proceeds will be used to best position the Fenton, Michigan-based company to take advantage of industry tailwinds in support of its disciplined growth strategy, both organically and via compelling M&A opportunities both in the automotive sector and other end markets.

On August 24,Tiger Group and HyperAMS will auction more than 400 woodworking and other assets from the 220,000-square-foot furniture plant formerly operated by Solid Comfort, a tier-1supplier of wooden and laminated case goods for hospitality leaders such as Marriott, Hilton, Best Western and My Place.

eCapital Corp. ("eCapital" or "the Company"), an industry leader in financing solutions for businesses throughout North America and the U.K., announced today that it has achieved the 1383rd position on the esteemed 2023 Inc. 5000 list, highlighting an impressive growth rate of 422%.

SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Modo Labs via an $8 million credit facility. Modo is the only low-code app building platform exclusively designed to deliver a digital campus and workplace experience.

In June 2023, Amerisource participated in an equity co-investment in a common equity raise for Monarch Resource Partners LLC (“Monarch”). Monarch provides zero-emission natural gas contract compression services with its electric drive EcoFlex™ compressor fleet.

Prime Trust, LLC and certain of its affiliates (collectively, the “Company”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided a loan to refinance American House St Petersburg, a senior living community located in St. Petersburg, Florida.

Solifi™, a global fintech software partner for secured finance, announced that Merchant West Group, a leading privately-owned South African financial institution, has successfully upgraded to Solifi ABL on the Open Finance Platform.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. (“PMP”), by GEM Manufacturing (“GEM”). GEM is an existing portfolio company of CORE Industrial Partners.

FruitBreeze LLC, a wholesale trader of fruits and vegetables, has been granted a factoring line by Marco to offer better payment terms to its overseas customers without disrupting its day-to-day operations. Currently, the company serves well-known clients in both the United States and Japan. With the help of this new factoring arrangement, they are also expanding their customer base to new markets, including Europe. ​

TradeCap Partners recently closed a $1,000,000 purchase order finance facility with an aerospace parts distributor based in Florida. Continued year over year growth combined with an existing credit facility structured around a single customer was constraining cash flow.

Gipstein Law PLLC is a boutique law firm that specializes in transactional real estate as well as representing private commercial lenders, private mortgage lenders, and providers of various types of sales-based financing.

Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed its second $25 million loan for the Aemetis Biogas Central Dairy Digester Project. The first $25 million loan was completed in October 2022.

HLS Therapeutics Inc. ("HLS" or the "Company") (TSX: HLS), a pharmaceutical company focusing on central nervous system and cardiovascular markets, announces an extension to its credit agreement, senior secured term loan, revolver facility and expansion facility (the "Amended Agreement") with a syndicate of leading bank lenders (the "Syndicate") led by JPMorgan Chase Bank as Admin Agent and Arranger.

Triad Financial Services, a subsidiary of ECN Capital Corp (TSX : ECN) (“ECN Capital” or the “Company”), a leader in financing solutions to manufactured housing dealers across the U.S., today announced that it has signed a letter of intent for $1.14 billion in financing from Blackstone’s Asset-Based Finance (“ABF”) Group.

Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has entered into a revolving loan and security agreement in connection with an Asset Based Loan ("ABL") with Amerisource Funding, Inc. ("Lender").

MidFirst Business Credit (MFBC) announced it has recently provided a working capital and term facility to Anthony Machine (Anthony). Headquartered in San Antonio, Texas, Anthony provides design and high-precision fabrication services, specializing in small to large gearboxes, pumps, shafts, housings, assemblies, and industrial equipment and parts and repair and maintenance services to companies in the petrochemical, mining & aggregate, aerospace, and processors for the oil and gas industries.

SFNet is pleased to announce the winners of its 2023 Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions and have chosen:

Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), (NEO: MMED), (the “Company” or “MindMed”), a clinical stage biopharmaceutical company developing novel product candidates to treat brain health disorders, today announced that it has entered into a senior secured credit facility with K2 HealthVentures, a healthcare-focused specialty finance company.