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Citigroup CEO Sets Sweeping Management Changes, Job Cuts
September 14, 2023The heads of the bank's five divisions will report directly to the CEO, and the bank will also cut regional leadership roles outside North America. Job cuts are expected, but the number and financial impact are still unclear.
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Unlock Technologies and Saluda Grade Secure $100 Million Revolving Credit Facility Led by Texas Capital
September 14, 2023Unlock Technologies Inc. (Unlock), a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have secured a $100 million revolving credit facility led by Texas Capital Bank (Texas Capital).
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Regions Bank Announces Newly Appointed Risk Management Executives
September 14, 2023Regions Bank on Wednesday announced Anna Brackin has been appointed to serve as Chief Compliance Officer overseeing the company’s compliance risk management program. In addition, Gary Walton recently joined the bank as Business Unit Chief Risk Officer for Regions’ Consumer Banking and Wealth Management divisions.
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Blackstone (BX) Combines Its Credit and Insurance Groups
September 14, 2023Blackstone Inc. BX has integrated its corporate credit, asset-based finance and insurance groups into a single unit called the Blackstone Credit & Insurance (“BXCI”). BXCI is expected to accelerate growth by creating a more seamless experience for clients and borrowers.
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CIBC Innovation Banking Provides Performio $13 Million in Debt Financing to Drive Continued Growth and Innovation
September 14, 2023CIBC Innovation Banking announced today that it has provided $13 million in growth capital financing to Performio, an incentive compensation-software company. Performio offers a SaaS platform that unlocks the power of incentive compensation management; saving on the time, money and resources required to manage the complexity of paying people on performance
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Second Avenue Capital Partners Agents $50 Million Credit Facility for Allstar Marketing Group
September 13, 2023Second Avenue Capital Partners (SACP), a Schottenstein affiliate, has provided a new $44 Million revolving credit facility for Allstar Marketing Group, a dynamic consumer product development and marketing company. SACP was also the agent for an additional $6 Million term loan to support Allstar’s growth initiatives.
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Rosenthal Names Feride Bennett VP Business Development Officer of International Factoring Division
September 13, 2023Rosenthal & Rosenthal, Inc., the largest privately-held factoring firm in the United States, today announced that Feride Bennett has joined Rosenthal as VP Business Development Officer of its International Factoring Division.
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B. Riley Adds Experienced Consumer Investment Banker, Michael Devitt, as Managing Director
September 13, 2023B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (Nasdaq: RILY), today announced the addition of experienced consumer investment banker, Michael Devitt as a Managing Director based in the firm’s Greenbrae, San Francisco office.
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First Citizens Wealth Launches New Wealth Advisory Team to Serve Individuals and Institutions in Southern California
September 13, 2023First Citizens Wealth today launched a new wealth advisory business with a team of advisors across Southern California to better serve individuals, families, and institutions in growing, managing, and preserving their wealth
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Tiger Group Taps Industry Veterans for Strategy-Focused Advisory Board
September 13, 2023Tiger Group, which provides asset-valuation, advisory, disposition, financial and lending services to a wide array of companies, today announced the first four members of its newly launched Board of Advisors.
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TradeCap Partners Provides $9 million Production Finance Facility to Industrial Equipment Manufacturer
September 13, 2023TradeCap Partners, LLC (“TradeCap”) is pleased to announce a $9 million production finance facility structured for an industrial equipment manufacturer. The facility will be used to help finance release orders issued under a large contract the company received from the US Government.
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Gilronan Joins CohnReznick as Principal, Technology+ Leader
September 13, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Shawn Gilronan has joined the firm as Principal and leader of its Technology+ practice. As practice leader, Gilronan will put data strategy, data management, and analytics at the forefront of solving client challenges by deploying AI, automation, predictive analytics, and digital point solutions to the commercial and public sectors.
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Great Rock Capital Closes Corporate Note Financing
September 13, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the successful closing of an investment-grade corporate note financing.
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Pathlight Capital Upsizes Term Loan Credit Facility to $200.6MM in Connection with Franchise Group Buyout
September 13, 2023Pathlight Capital LP ("Pathlight") is pleased to announce the closing of a $133.5MM upsize ("Upsize Facility") to the existing senior secured term loan credit facility to a Franchise Group, Inc.
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H.I.G. Capital Closes Record $5.5B H.I.G. Middle Market LBO Fund IV
September 13, 2023H.I.G. Capital, a leading global alternative asset management firm with $58 billion of capital under management, is pleased to announce the closing of H.I.G. Middle Market LBO Fund IV.
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Middle Market Company Outlook in the Economy Rebounds with Double Digit Revenue Growth Revealed in Mid-Year Survey
September 13, 2023New data released in the 2023 Mid-Year Middle Market Indicator (MMI), from Chubb and the National Center for the Middle Market (NCMM), reveals that against the backdrop of a challenging economy, middle market companies are thriving with nearly three fourths reporting an improvement in overall performance compared to year prior, a record high for the survey.
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Guggenheim Securities Hires Ryan Lindquist to Expand Healthcare Investment Banking Practice
September 13, 2023Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Ryan Lindquist has joined the firm’s Healthcare Investment Banking practice as a Senior Managing Director. Mr. Lindquist is based in the firm’s New York office.
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Macerich Closes Amended and Restated $650 Million Revolving Credit Facility
September 13, 2023Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, today announced that it has closed an amended and restated $650 million revolving credit facility.
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Purchasing Power® Completes $177 Million Credit Facility
September 13, 2023Purchasing Power, LLC, a voluntary benefit company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $177 million revolving credit facility. The credit facility is backed by Barclays Bank, who served as Administrative Agent, and Waterfall Asset Management.
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Restaurant Brands International Inc. Announces Intention to Extend Term Loan Facilities and Amend Revolving Credit Facility
September 13, 2023Restaurant Brands International Inc. ("RBI") (TSX: QSR) (NYSE: QSR), 1011778 B.C. Unlimited Liability Company (the "Borrower") and New Red Finance, Inc. (the "Co-Borrower" and, together with the Borrower, the "Borrowers") announced today that the Borrowers intend to enter into an amendment to their existing senior secured credit facilities
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Citigroup CEO Sets Sweeping Management Changes, Job Cuts
September 14, 2023The heads of the bank's five divisions will report directly to the CEO, and the bank will also cut regional leadership roles outside North America. Job cuts are expected, but the number and financial impact are still unclear.
-
Unlock Technologies and Saluda Grade Secure $100 Million Revolving Credit Facility Led by Texas Capital
September 14, 2023Unlock Technologies Inc. (Unlock), a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have secured a $100 million revolving credit facility led by Texas Capital Bank (Texas Capital).
-
Regions Bank Announces Newly Appointed Risk Management Executives
September 14, 2023Regions Bank on Wednesday announced Anna Brackin has been appointed to serve as Chief Compliance Officer overseeing the company’s compliance risk management program. In addition, Gary Walton recently joined the bank as Business Unit Chief Risk Officer for Regions’ Consumer Banking and Wealth Management divisions.
-
Blackstone (BX) Combines Its Credit and Insurance Groups
September 14, 2023Blackstone Inc. BX has integrated its corporate credit, asset-based finance and insurance groups into a single unit called the Blackstone Credit & Insurance (“BXCI”). BXCI is expected to accelerate growth by creating a more seamless experience for clients and borrowers.
-
CIBC Innovation Banking Provides Performio $13 Million in Debt Financing to Drive Continued Growth and Innovation
September 14, 2023CIBC Innovation Banking announced today that it has provided $13 million in growth capital financing to Performio, an incentive compensation-software company. Performio offers a SaaS platform that unlocks the power of incentive compensation management; saving on the time, money and resources required to manage the complexity of paying people on performance
-
Second Avenue Capital Partners Agents $50 Million Credit Facility for Allstar Marketing Group
September 13, 2023Second Avenue Capital Partners (SACP), a Schottenstein affiliate, has provided a new $44 Million revolving credit facility for Allstar Marketing Group, a dynamic consumer product development and marketing company. SACP was also the agent for an additional $6 Million term loan to support Allstar’s growth initiatives.
-
Rosenthal Names Feride Bennett VP Business Development Officer of International Factoring Division
September 13, 2023Rosenthal & Rosenthal, Inc., the largest privately-held factoring firm in the United States, today announced that Feride Bennett has joined Rosenthal as VP Business Development Officer of its International Factoring Division.
-
B. Riley Adds Experienced Consumer Investment Banker, Michael Devitt, as Managing Director
September 13, 2023B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (Nasdaq: RILY), today announced the addition of experienced consumer investment banker, Michael Devitt as a Managing Director based in the firm’s Greenbrae, San Francisco office.
-
First Citizens Wealth Launches New Wealth Advisory Team to Serve Individuals and Institutions in Southern California
September 13, 2023First Citizens Wealth today launched a new wealth advisory business with a team of advisors across Southern California to better serve individuals, families, and institutions in growing, managing, and preserving their wealth
-
Tiger Group Taps Industry Veterans for Strategy-Focused Advisory Board
September 13, 2023Tiger Group, which provides asset-valuation, advisory, disposition, financial and lending services to a wide array of companies, today announced the first four members of its newly launched Board of Advisors.
-
TradeCap Partners Provides $9 million Production Finance Facility to Industrial Equipment Manufacturer
September 13, 2023TradeCap Partners, LLC (“TradeCap”) is pleased to announce a $9 million production finance facility structured for an industrial equipment manufacturer. The facility will be used to help finance release orders issued under a large contract the company received from the US Government.
-
Gilronan Joins CohnReznick as Principal, Technology+ Leader
September 13, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Shawn Gilronan has joined the firm as Principal and leader of its Technology+ practice. As practice leader, Gilronan will put data strategy, data management, and analytics at the forefront of solving client challenges by deploying AI, automation, predictive analytics, and digital point solutions to the commercial and public sectors.
-
Great Rock Capital Closes Corporate Note Financing
September 13, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the successful closing of an investment-grade corporate note financing.
-
Pathlight Capital Upsizes Term Loan Credit Facility to $200.6MM in Connection with Franchise Group Buyout
September 13, 2023Pathlight Capital LP ("Pathlight") is pleased to announce the closing of a $133.5MM upsize ("Upsize Facility") to the existing senior secured term loan credit facility to a Franchise Group, Inc.
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H.I.G. Capital Closes Record $5.5B H.I.G. Middle Market LBO Fund IV
September 13, 2023H.I.G. Capital, a leading global alternative asset management firm with $58 billion of capital under management, is pleased to announce the closing of H.I.G. Middle Market LBO Fund IV.
-
Middle Market Company Outlook in the Economy Rebounds with Double Digit Revenue Growth Revealed in Mid-Year Survey
September 13, 2023New data released in the 2023 Mid-Year Middle Market Indicator (MMI), from Chubb and the National Center for the Middle Market (NCMM), reveals that against the backdrop of a challenging economy, middle market companies are thriving with nearly three fourths reporting an improvement in overall performance compared to year prior, a record high for the survey.
-
Guggenheim Securities Hires Ryan Lindquist to Expand Healthcare Investment Banking Practice
September 13, 2023Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Ryan Lindquist has joined the firm’s Healthcare Investment Banking practice as a Senior Managing Director. Mr. Lindquist is based in the firm’s New York office.
-
Macerich Closes Amended and Restated $650 Million Revolving Credit Facility
September 13, 2023Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, today announced that it has closed an amended and restated $650 million revolving credit facility.
-
Purchasing Power® Completes $177 Million Credit Facility
September 13, 2023Purchasing Power, LLC, a voluntary benefit company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $177 million revolving credit facility. The credit facility is backed by Barclays Bank, who served as Administrative Agent, and Waterfall Asset Management.
-
Restaurant Brands International Inc. Announces Intention to Extend Term Loan Facilities and Amend Revolving Credit Facility
September 13, 2023Restaurant Brands International Inc. ("RBI") (TSX: QSR) (NYSE: QSR), 1011778 B.C. Unlimited Liability Company (the "Borrower") and New Red Finance, Inc. (the "Co-Borrower" and, together with the Borrower, the "Borrowers") announced today that the Borrowers intend to enter into an amendment to their existing senior secured credit facilities
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