Capital Bank, a prominent commercial bank in the DC Metro Region, proudly announces the creation of its new Lender Finance Group.

Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announces that industry veteran Darren Sabeski has recently joined the company to support business development initiatives in its Inventory Finance division.

Continuing its strong reputation for being a preferred ABL partner for sponsor-backed transactions, GBC has strengthened its relationship with a private equity group that acquired a leading North American supplement manufacturer.

Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of two separate $1,500,000 million accounts receivable factoring and purchase order facilities.

Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company is pleased to announce the closing of a $4MM equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer (Company).

First Citizens Bank today announced that its Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.

Aequum Capital is pleased to announce it recently closed a $7,300,000 credit facility to a premier Texas based manufacturer.

IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into a term loan (the "Term Loan") with Sallyport Commercial Finance, LLC ("Sallyport") and amendments to existing credit facilities (the "Amendments") with each of Sallyport and Iron Horse Credit, LLC ("Iron Horse") as further described below, resulting in access to US$7,000,000 in additional funding.

SunVest Solar LLC, an independent, vertically integrated renewable energy business headquartered in Chicago and Milwaukee, has closed on a $60 million construction loan facility.

Troutman Pepper client Burke & Herbert Financial Services Corp. and Summit Financial Group Inc. recently announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals.

Huntington Business Credit announced it closed a $20,000,000 new credit facility with Aurora Wholesalers, LLC (dba The Mazel Company) on August 4, 2023.

Blank Rome is pleased to announce that 200 firm attorneys have been recognized in Best Lawyers in America® 2024 in the annual categories of “Lawyers of the Year,” “Ones to Watch,” and “Best Lawyers,” in more than 50 practice areas across 12 regions.

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 exclusive financial advisor to DynTek, Inc. ("DynTek"), a U.S.-based professional IT services, cybersecurity, and risk management organization, in connection with its strategic investment from Gallant Capital Partners (“Gallant”).

Gateway Trade Funding, a PO and stretch financing company, is pleased to announce that we have recently completed the following stretch finance transactions: $350,000 loan for a US packaging company – funds for working capital. $100,000 loan for a US Gaming related company – funds for inventory.

Arixa Capital Advisors, LLC ("Arixa Capital" or "Arixa") announced the launch of a $100M strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to originate senior secured loans backed by residential and commercial real estate.

Rite Aid Corp. shares RAD, 4.84% dropped Friday following a report that the drugstore chain was filing for Chapter 11 bankruptcy protection because of opioid lawsuits.

A leading global producer of renewable fuels, distiller grains and alcohols has just been equipped with a $15,000,000 working capital facility with provision to increase to $30,000,000 as and when further working capital is required.

OKEA ASA has mandated DNB Markets, a part of DNB Bank ASA, and Pareto Securities as Joint Lead Managers and Joint Bookrunners and Fearnley Securities as Co-Manager to arrange a series of fixed income investor meetings commencing tomorrow.

As corporate failures surge this year, debt investors are in a fight to salvage as much money as they can from the wreckage. The early skirmishes are going very badly. The bankruptcy of GenesisCare, a cancer treatment specialist backed by private equity powerhouse KKR & Co. and China Resources Pharmaceutical Group Ltd., is the latest cautionary tale of how much value is being destroyed when companies go bust now.

Comvest Credit Partners, known for delivering flexible direct financing solutions to mid-market businesses, has announced its designation as Administrative Agent on an increased $635m senior credit facility for Beyond Finance. Beyond Finance operates out of the U.S., specialising in success fee-based debt resolution services.