CIBC Innovation Banking announced today that it has increased its growth financing commitment to Bidgely, a leading provider of artificial intelligence (AI) powered energy intelligence solutions for energy providers worldwide. The additional financing commitment will strengthen Bidgely’s ability to support critical utility initiatives, particularly as the proliferation of electric vehicles (EV) and global decarbonization goals redefine the energy market.

Holland & Knight represented the Inter-American Investment Corporation (IDB Invest) as lender of a loan for up to $100 million to ENSA Grupo EPM (Elektra Noreste S.A.), an energy distribution company in the northeast of Panama. Scotiabank Panama also acted as a lender on the transaction, with the total financial package including $50 million from IDB Invest and $50 million from Scotiabank Panama. The deal was signed on July 14.

Settle, the leading cash-flow management platform, announced today it has secured up to $145 million credit facility with Silicon Valley Bank, a division of First Citizens Bank, increasing their capacity to support high-growth e-commerce and consumer brands and small businesses.

BizCap®, a leading national commercial finance and advisory firm, announces it has structured and secured financing for Threshold Enterprises Ltd., a manufacturer and distributor of dietary supplements and health care products including the Source Naturals® and Planetary Herbals® brand supplements to the natural foods industry and health care professionals.

SLR Business Credit announced today that Scott Blaeser has joined the company as Senior Vice President of Business Development. Scott is the newest addition to the SLR Business Credit team. Based in Colorado, he will assist in expanding the Company’s presence by providing asset-based lending to small to middle-market businesses.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced today the closing of a $31.7 million senior secured term loan facility with SMG Industries, Inc. ("SMGI"), a publicly traded company (OTCQB: SMGI). SMGI is a growth-oriented transportation services company focused on the domestic infrastructure logistics market.

David's Bridal, LLC ("the Company"), the nation's leading bridal and special occasion authority, today announced that it has successfully closed its transaction with CION Investment Corporation (NYSE: CION) (“CION”), a leading publicly listed business development company, for the sale of substantially all of the Company’s assets (the “CION Transaction”).

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team provided a $10M revolving line of credit to Leadpoint Business Services (“Leadpoint”). Headquartered in Phoenix, Arizona, Leadpoint is a full-service workforce solutions company offering contingent workforce optimization, embedded supervisory and operating support, and direct hire solutions.

Gordon Brothers, the global advisory and investment firm, has funded the management buyout of the OnDemand division's business and assets from the global e-commerce technology group and brand owner THG plc through a £5 million facility secured by multiple collateral classes, including inventory and plant and machinery.

First Citizens Bank today announced that its Hemp Business provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to help finance a major new promotional initiative.

Alliance Funding Group (“AFG” or the “Company”), one of the largest privately-held equipment finance companies in the U.S., today announced the successful upsizing of its corporate notes to $39.0 million. The new issuance was assigned a BBB rating by a nationally recognized statistical ratings organization (NRSRO). Proceeds from this transaction will be used for working capital purposes and to finance growth, including potential future acquisition opportunities.

Pinnacle Capital Finance is proud to announce the issuance of a $5MM combination asset-based AR & Inventory line of credit along with a variety of term loans. The revolver is being used to fund operations, while the term loans that total half the amount of the entire credit facility were used as acquisition funding to complete the sale of this nearly 100-year-old Die Casting company.

O2 Investment Partners (www.o2investment.com) is excited to announce the promotions of Andrew Faubel to Vice President, Sam Wegenke to Senior Associate and William Laffrey to Senior Associate.

The company has also obtained a commitment from Equilibrium, the company’s largest secured creditor, to provide approximately $30 million of debtor-in-possession (“DIP”) financing to provide the necessary liquidity to support operations at the AppHarvest Morehead, AppHarvest Richmond and AppHarvest Somerset farms during the Chapter 11 process. The DIP financing is subject to approval of the Court.

Berkshire Bank, a leading, socially responsible community bank with financial centers in New England and New York, is proud to announce that David J. Coughlin, a seasoned private and commercial banking professional, has joined Berkshire’s growing Private Banking team as a senior vice president (SVP), Private Banking, serving the Boston market.

CVC Credit, the $41 billion global credit management business of CVC, is pleased to announce that it has priced Apidos XLVI (46) a $504 million (c.€453 million) Collateralized Loan Obligation ("CLO"). Societe Generale acted as lead arranger.

Verrica Pharmaceuticals Inc. (“Verrica” or “the Company”) (Nasdaq: VRCA), a dermatology therapeutics company developing medications for skin diseases requiring medical interventions, today announced that the Company has entered into a non-binding term sheet for a term loan facility of up to $125 million, which the Company expects to close by the end of this week.

Houlihan Lokey serves as financial advisor to the term loan lender group and Kirkland & Ellis LLP, Cahill Gordon & Reindel LLP, and Shearman & Sterling LLP are serving as legal advisors.

Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $73* billion alternative investment firm focused on credit and real estate investing, today announced a number of senior personnel moves to bolster the Firm’s structured credit business.

1st Commercial Credit, LLC, a leading financial services provider specializing in invoice factoring solutions, is pleased to announce its support for a Louisiana-based temp-staffing agency's expansion into the lucrative Florida market. Facilitating a $100,000 loan, 1st Commercial Credit, LLC aims to empower its valued client to capitalize on the flourishing opportunities in Florida and continue their remarkable growth trajectory.