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1st Capital Bancorp Announces Change In Executive Management Position
August 7, 20231st Capital Bancorp (the “Company”), (OTCQX: FISB), the $960 million asset bank holding company and parent company of 1st Capital Bank (the “Bank”), announced a recent change in executive management.
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Janus International Group Successfully Completes Debt Refinancing
August 7, 2023Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced a series of related transactions to refinance its debt.
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Macquarie Leads $275 Million Syndicated Financing for Precious Metals Merchant Auramet
August 7, 2023Auramet was pleased to expand its lender group to include Wells Fargo Bank. The Facility also includes previous participants Coöperatieve Rabobank U.A., N.Y. Branch, HSBC Bank USA, N.A., Commonwealth Bank of Australia, CIBC Bank USA, and Brown Brothers Harriman & Co.
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Franklin BSP Realty Trust, Inc. Announces Closing of a $80 Million Loan on the Alexan Waterloo, a Luxury High-Rise Multifamily Property
August 7, 2023Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located in downtown Austin, Texas, centrally located to the medical district. Crow Holdings Capital (the “Borrower”, “Crow”) is the property developer and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with more than 70 years of history and approximately $24 billion of assets under management.
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Credit Card Fintech Petal Secures $200m Debt Facility from Victory Park Capital
August 7, 2023The credit card start-up has secured a $200 million debt facility from Victory Park Capital (VPC) and a new term loan facility for up to $20 million of incremental commitments with Trinity Capital.
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Rosenthal & Rosenthal Promotes Derek Sigler to EVP, Northeast Region Co-Portfolio Manager
August 7, 2023Rosenthal & Rosenthal has promoted Derek Sigler to EVP, Northeast Region Co-Portfolio Manager. Derek has been at Rosenthal for more than 10 years and will work alongside his colleague Josh Ceccarelli to run the Northeast factoring portfolio.
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CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI
August 7, 2023CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced it has secured a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities ("Blackstone") with strategic participation from leading asset management firms Coatue and DigitalBridge Credit, and funds and accounts managed by BlackRock, PIMCO, and Carlyle.
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Flux Power Closes New $15 Million Credit Facility with Gibraltar Business Capital
August 7, 2023-Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has secured a new $15.0 million credit facility from Gibraltar Business Capital (“GBC”) to fund working capital and to refinance its existing credit facility with Silicon Valley Bank (“SVB”).
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Eclipse Business Capital Provides $23.4 Million ABL Credit Facility
August 7, 2023Eclipse Business Capital LLC (“EBC”) announced that it has provided a $23.4 million senior secured ABL credit facility to a distributor of travel products and accessories. The Company primarily sells branded products through Amazon and other various retailers.
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A&G Named 'Real Estate Restructuring Firm of the Year’ in 15th Annual Turnaround Atlas Awards
August 7, 2023Global M&A Network has named A&G Real Estate Partners “Real Estate Restructuring Firm of the Year” as part of its 15th Annual Turnaround Atlas Awards—the latest recognition of A&G’s national role as a provider of portfolio-optimization strategy, lease-restructuring and real estate sales.
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Yellow Corporation Files Voluntary Chapter 11 Petitions
August 7, 2023Yellow Corporation (NASDAQ: YELL) and certain of its direct and indirect subsidiaries (collectively, the “Company” or “Yellow”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for the Company’s planned operational wind-down.
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X4 Pharmaceuticals Closes $115 Million Loan Facility with Hercules Capital
August 7, 2023X4 Pharmaceuticals (Nasdaq: XFOR), a leader in the discovery and development of novel small-molecule therapeutics to benefit people with rare diseases of the immune system, today announced the closing of a $115 million loan facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”).
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Tupperware Brands Announces Debt Restructuring
August 7, 2023Tupperware Brands Corporation (NYSE: TUP), a global consumer products company, announced today that it has finalized an agreement with its lenders to restructure its existing debt obligations, improving the Company's overall financial position by amending certain credit obligations and extending the maturity of certain debt facilities to allow it to continue with its turnaround efforts.
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First Horizon Corporation Announces Five Year Employment Agreement with CEO D. Bryan Jordan
August 7, 2023First Horizon Corp. (NYSE: FHN or "First Horizon") today announced a five-year employment agreement with Chairman, President and Chief Executive Officer D. Bryan Jordan.
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1st Commercial Credit's Referral Program Proves a Success: Over $1 Million Paid Out to 12 Factoring Companies
August 7, 20231st Commercial Credit, LLC is delighted to announce the resounding success of its referral program, which has attracted a diverse range of factoring companies and small asset-based lenders. With over 12 participants benefiting from the program, the total referral commissions have reached an impressive milestone of over $1 million.
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Capital Southwest Increases Credit Facility to $435 Million and Extends Maturity to August 2028
August 3, 2023Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an amendment to its senior secured credit facility (the “Credit Facility”).
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Bowman Increases Borrowing Capacity Under Revolving Credit Facility
August 3, 2023Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN) announced today that it has completed a First Amendment to Amended and Restated Credit Agreement (the “First Amendment”) with respect to the Company’s revolving credit facility (the “Revolver”) with Bank of America, N.A.
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Holland & Knight Advises Lead Arrangers, and Natixis Corporate & Investment Banking as Administrative Agent and Sustainability Coordinator, on $1.5 Billion Sustainability-Linked Credit Facility
August 3, 2023Holland & Knight represented Natixis Corporate & Investment Banking (Natixis CIB) and the other lead arrangers (Coöperatieve Rabobank U.A., New York Branch (Rabobank), Export Development Canada and Desjardins Group), and Natixis CIB, New York Branch as Administrative Agent and Sustainability Coordinator, on the closing of a $1.5 billion revolving credit facility for Invenergy Renewables Operating I LLC to support Invenergy's growing project development pipeline.
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Andy Du Returns to CIT Commercial Services IN Los Angeles as Director and Team Leader
August 3, 2023CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has hired Andy Du as a director and team leader. Based in Los Angeles, Du will help cover the western region with responsibility for leading a team of account executives in overseeing and growing their respective portfolios while also effectively managing risk and driving growth.
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nFusion Capital Increases and Extends Revolving Credit Facility
August 3, 2023nFusion Capital Finance (the “Company”), a leading commercial finance company to entrepreneurs, today announced that it has entered into a new multi-year senior bank facility with TAB Bank and participating banks Zions Bank and Pathward.
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1st Capital Bancorp Announces Change In Executive Management Position
August 7, 20231st Capital Bancorp (the “Company”), (OTCQX: FISB), the $960 million asset bank holding company and parent company of 1st Capital Bank (the “Bank”), announced a recent change in executive management.
-
Janus International Group Successfully Completes Debt Refinancing
August 7, 2023Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced a series of related transactions to refinance its debt.
-
Macquarie Leads $275 Million Syndicated Financing for Precious Metals Merchant Auramet
August 7, 2023Auramet was pleased to expand its lender group to include Wells Fargo Bank. The Facility also includes previous participants Coöperatieve Rabobank U.A., N.Y. Branch, HSBC Bank USA, N.A., Commonwealth Bank of Australia, CIBC Bank USA, and Brown Brothers Harriman & Co.
-
Franklin BSP Realty Trust, Inc. Announces Closing of a $80 Million Loan on the Alexan Waterloo, a Luxury High-Rise Multifamily Property
August 7, 2023Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located in downtown Austin, Texas, centrally located to the medical district. Crow Holdings Capital (the “Borrower”, “Crow”) is the property developer and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with more than 70 years of history and approximately $24 billion of assets under management.
-
Credit Card Fintech Petal Secures $200m Debt Facility from Victory Park Capital
August 7, 2023The credit card start-up has secured a $200 million debt facility from Victory Park Capital (VPC) and a new term loan facility for up to $20 million of incremental commitments with Trinity Capital.
-
Rosenthal & Rosenthal Promotes Derek Sigler to EVP, Northeast Region Co-Portfolio Manager
August 7, 2023Rosenthal & Rosenthal has promoted Derek Sigler to EVP, Northeast Region Co-Portfolio Manager. Derek has been at Rosenthal for more than 10 years and will work alongside his colleague Josh Ceccarelli to run the Northeast factoring portfolio.
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CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI
August 7, 2023CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced it has secured a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities ("Blackstone") with strategic participation from leading asset management firms Coatue and DigitalBridge Credit, and funds and accounts managed by BlackRock, PIMCO, and Carlyle.
-
Flux Power Closes New $15 Million Credit Facility with Gibraltar Business Capital
August 7, 2023-Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has secured a new $15.0 million credit facility from Gibraltar Business Capital (“GBC”) to fund working capital and to refinance its existing credit facility with Silicon Valley Bank (“SVB”).
-
Eclipse Business Capital Provides $23.4 Million ABL Credit Facility
August 7, 2023Eclipse Business Capital LLC (“EBC”) announced that it has provided a $23.4 million senior secured ABL credit facility to a distributor of travel products and accessories. The Company primarily sells branded products through Amazon and other various retailers.
-
A&G Named 'Real Estate Restructuring Firm of the Year’ in 15th Annual Turnaround Atlas Awards
August 7, 2023Global M&A Network has named A&G Real Estate Partners “Real Estate Restructuring Firm of the Year” as part of its 15th Annual Turnaround Atlas Awards—the latest recognition of A&G’s national role as a provider of portfolio-optimization strategy, lease-restructuring and real estate sales.
-
Yellow Corporation Files Voluntary Chapter 11 Petitions
August 7, 2023Yellow Corporation (NASDAQ: YELL) and certain of its direct and indirect subsidiaries (collectively, the “Company” or “Yellow”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for the Company’s planned operational wind-down.
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X4 Pharmaceuticals Closes $115 Million Loan Facility with Hercules Capital
August 7, 2023X4 Pharmaceuticals (Nasdaq: XFOR), a leader in the discovery and development of novel small-molecule therapeutics to benefit people with rare diseases of the immune system, today announced the closing of a $115 million loan facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”).
-
Tupperware Brands Announces Debt Restructuring
August 7, 2023Tupperware Brands Corporation (NYSE: TUP), a global consumer products company, announced today that it has finalized an agreement with its lenders to restructure its existing debt obligations, improving the Company's overall financial position by amending certain credit obligations and extending the maturity of certain debt facilities to allow it to continue with its turnaround efforts.
-
First Horizon Corporation Announces Five Year Employment Agreement with CEO D. Bryan Jordan
August 7, 2023First Horizon Corp. (NYSE: FHN or "First Horizon") today announced a five-year employment agreement with Chairman, President and Chief Executive Officer D. Bryan Jordan.
-
1st Commercial Credit's Referral Program Proves a Success: Over $1 Million Paid Out to 12 Factoring Companies
August 7, 20231st Commercial Credit, LLC is delighted to announce the resounding success of its referral program, which has attracted a diverse range of factoring companies and small asset-based lenders. With over 12 participants benefiting from the program, the total referral commissions have reached an impressive milestone of over $1 million.
-
Capital Southwest Increases Credit Facility to $435 Million and Extends Maturity to August 2028
August 3, 2023Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an amendment to its senior secured credit facility (the “Credit Facility”).
-
Bowman Increases Borrowing Capacity Under Revolving Credit Facility
August 3, 2023Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN) announced today that it has completed a First Amendment to Amended and Restated Credit Agreement (the “First Amendment”) with respect to the Company’s revolving credit facility (the “Revolver”) with Bank of America, N.A.
-
Holland & Knight Advises Lead Arrangers, and Natixis Corporate & Investment Banking as Administrative Agent and Sustainability Coordinator, on $1.5 Billion Sustainability-Linked Credit Facility
August 3, 2023Holland & Knight represented Natixis Corporate & Investment Banking (Natixis CIB) and the other lead arrangers (Coöperatieve Rabobank U.A., New York Branch (Rabobank), Export Development Canada and Desjardins Group), and Natixis CIB, New York Branch as Administrative Agent and Sustainability Coordinator, on the closing of a $1.5 billion revolving credit facility for Invenergy Renewables Operating I LLC to support Invenergy's growing project development pipeline.
-
Andy Du Returns to CIT Commercial Services IN Los Angeles as Director and Team Leader
August 3, 2023CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has hired Andy Du as a director and team leader. Based in Los Angeles, Du will help cover the western region with responsibility for leading a team of account executives in overseeing and growing their respective portfolios while also effectively managing risk and driving growth.
-
nFusion Capital Increases and Extends Revolving Credit Facility
August 3, 2023nFusion Capital Finance (the “Company”), a leading commercial finance company to entrepreneurs, today announced that it has entered into a new multi-year senior bank facility with TAB Bank and participating banks Zions Bank and Pathward.
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