1st Commercial Credit, LLC, a distinguished financial services provider, is pleased to report the successful procurement of $170 million in credit protection from Allianz Trade for its affiliated factoring companies, namely Capital Credit Incorporated, Commerce Commercial Credit, Inc, and Contract Credit, Inc.

Carolyn Crooks joins Evercore today (NYSE: EVR) as a senior managing director in the Financial Sponsors Group and will be based in New York. Ms. Crooks comes to Evercore after 21 years at Barclays, where she was a managing director in the financial sponsors group.

Morgan Lewis is bolstering its commercial real estate finance bench with the addition of former Stroock & Stroock & Lavan partner Michael (Mike) McCarthy. Arriving as a partner resident in New York, Mike will continue to advise institutional lenders, borrowers, and investors on a variety of commercial real estate finance and related matters.

Gordon Brothers, the global advisory and investment firm, has acquired the global consumer electronics brand Telefunken. Based in Frankfurt, Germany, Telefunken has become one of the leading names in the electronics sector with a diverse portfolio of products ranging from video, e-mobility, domestic appliances and audio.

After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects. Those impacts may include closer regulatory scrutiny for both traditional and non-bank lenders, according to Wolters Kluwer Compliance Solutions expert Kevin Wilzbach.

B. 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 advisor and placement agent to Transom Capital Group (“Transom”) in connection with its acquisition of the Professional Division of Bose Corporation (“Bose Professional”).

Greenbacker Capital Management (“GCM”), a leading renewable energy asset manager, announced today that, through an affiliated investment vehicle, it has completed a $148 million tax equity financing commitment with RBC Community Investments. The commitment—one of the very first tax equity deals to utilize the solar production tax credit (“PTC”)—is helping finance one of the largest solar projects in GCM’s fleet.

Medalist Partners and Semper Capital Management have expanded their partnership in the structured credit space, with Medalist formally announcing plans to integrate the Semper Capital business onto its platform. As part of this process, various Semper Capital investment and support personnel will join Medalist where they will manage their existing strategies with the enhanced resources of the Medalist platform, while continuing to leverage the robust investment process developed within Semper Capital over the past 30 years

Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023. He will report to Robert Hernandez, Group Manager, TLS – California.

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice. Kendra Decker will serve as the national managing partner of the firm’s Professional Practice, effective immediately.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $2.6 million in financing to support the acquisition and transition of ownership for White Wood Kitchens, the well-known kitchen and project management company in Cape Cod, MA, to former Information Technology leader, Anton Emelianov.

- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has successfully refinanced its existing loan facility dated July 24, 2019, by entering into an agreement for a Revolving Credit Facility (the “RCF”) of up to US$20,000,000 with Nordea Bank Abp, filial i Norge (“Nordea”), through separate wholly-owned subsidiaries of the Company, thereby extending the loan’s maturity date to 5 years from the signing of the agreement.

Corvid Peak Capital Management LLC (“Corvid Peak”), a subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree” or the “Company”) announced today that it has reached an agreement in principle for the Coherence Capital Management (“Coherence”) team of Lazard Asset Management to join Corvid Peak. Coherence manages a liquid long/short credit hedge fund strategy with approximately $150 million of assets under management, including the Coherence Long/Short Credit fund.

Morgan Lewis advised Invenergy, a privately held developer, owner, and operator of sustainable energy solutions, on the closing of a $1.5 billion revolving credit facility to support Invenergy Renewables Operating I LLC and its parent company’s growing project development pipeline.

Instant Brands (the "Company"), maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, today announced that it has received a commitment for an additional $30 million in new term loan financing from its existing lenders, increasing the amount of the term loan credit facility received by the Company to $162.5 million.

Proterra Inc (Nasdaq: PTRA) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale.

Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Michigan.

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $250,000 factoring facility for a transportation company in British Columbia.

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $200,000 factoring facility for a staffing company in Quebec.