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Paul Black II, Leslie Hammond, Kelly Maxwell and Alan Patterson join Coastal States Bank's Commercial Banking Team in Atlanta
July 24, 2023Coastal States Bank ("CSB") is pleased to announce the addition of four new bankers to their Atlanta region. Paul Black II, Leslie Hammond, Kelly Maxwell and Alan Patterson joined CSB's Cobb County team in July and will serve customers at CSB's Akers Mill branch.
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FTI Consulting Strengthens Restructuring Capabilities with Addition of Two Senior Hires and Dedicated Practice in Manchester
July 24, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of two Senior Managing Directors in the Corporate Finance & Restructuring segment and the launch of a dedicated Restructuring practice in Manchester, England, to further strengthen the firm’s restructuring and insolvency capabilities in the United Kingdom.
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Obra Capital Completes Acquisition of KDP Assets
July 24, 2023Obra Capital, Inc. (“Obra”), a specialized alternative asset management firm that provides investment products and solutions across insurance special situations, structured credit, asset-based finance, and longevity, today announced that it has completed the acquisition of the assets of KDP, LLC and its affiliated companies (“KDP”).
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Christopher Tomai Joins Peapack Private
July 24, 2023New Jersey holding company Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces that Christopher Tomai has joined Peapack Private, a division of Peapack-Gladstone Bank, as Senior Managing Director and Senior Relationship Manager. He is part of a team of private banking professionals being assembled to support Peapack Private as it expands its business into New York City.
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NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank (NYGB)
July 24, 2023NineDot Energy®, a leading developer of community-scale clean energy projects, today announced the closing of a new $25 million revolving credit debt facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Salmon Raises $20m Debt Facility From Argentem Creek Partners
July 24, 2023Salmon, a consumer FinTech company, has secured a $20 million debt facility from U.S-based investment firm Argentem Creek Partners, enabling Salmon to scale its lending operations across the Philippines further.
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SLR Digital Finance Hires RJ Ammons as AVP, Underwriter and Linda Aghajanian as VP, Account Executive
July 24, 2023SLR Digital Finance, a wholly owned subsidiary of SLR Business Credit, is proud to announce the hiring of RJ Ammons as Assistant Vice President and Underwriter, and Linda Aghajanian as Vice President and Account Executive. Based in Sherman Oaks, CA, SLR Digital Finance offers asset-based lending and factoring for businesses in the digital media and advertising sector nationwide.
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B. Riley Securities Serves as Sole Bookrunner and Placement Agent in Lilium Upsized $192 Million Financing
July 24, 2023B. Riley Securities, Inc. (“B. Riley”), leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as sole bookrunner, underwriter and placement agent in connection with an upsized underwritten public offering for Lilium N.V. (Nasdaq: LILM), the developer of the first all-electric vertical take-off and landing jet.
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SFNet Member Spotlight: Riemer & Braunstein
July 21, 2023R&B's Commercial Finance Group works with clients providing financing to support businesses ranging from public companies to private equity-backed companies. Our clients include maior domestic and international lenders. middle-market and regional lenders, and alternative lenders.
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Kirkland Advises Intersect Power on Up to $800 Million Revolving Credit Facility
July 20, 2023Kirkland & Ellis advised Intersect Power in obtaining an up to $800 million revolving credit facility to support the development, construction and operation of Intersect’s next wave of renewables, energy storage and green hydrogen projects.
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Ekinops Signs up for a €100 Million Credit Line to Support its External Growth Strategy
July 20, 2023EKINOPS (Euronext Paris - FR0011466069 - EKI), leading provider of telecommunications solutions for telecom operators and enterprises, announces the signing of a new credit line with its banking partners.
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CIBC Innovation Banking Provides €12m Financing Package to Language Technology Business Phrase
July 20, 2023CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology.
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Sorrento Therapeutics, Inc.'s Bankruptcy Court Approves Elective Offering of Restricted Common Stock of Scilex Holding Company for Dividend Short Holders
July 20, 2023Sorrento Therapeutics, Inc., a biopharmaceutical company dedicated to the development of life-saving therapeutics to treat cancer, intractable pain, and infectious disease, today announced that, in connection with its ongoing chapter 11 case, the U.S. Bankruptcy Court for the Southern District of Texas entered an order approving an offering of a portion of Sorrento's common stock in its non-debtor public subsidiary, Scilex Holding Company.
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The Middlefield Banking Company Expands Commercial Banking Team
July 20, 2023The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp. (NASDAQ: MBCN), today announced that it has added two new team members to help expand and manage Middlefield’s commercial banking brand in the Central and Northeast Ohio markets. Joining Middlefield are Josh Riley, Senior Vice President/Chief Commercial Market Executive - Central Ohio and Jerry Benko Senior Vice President/Chief Commercial Market Executive - Northeast Ohio.
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Novan Enters into Agreement to Sell Substantially All of its Assets, including Berdazimer Gel, 10.3% (SB206), and Files for Chapter 11 Protection
July 20, 2023Novan, Inc. (Nasdaq: NOVN) and its wholly owned subsidiary, EPI Health, LLC (collectively, “the Company” or “Novan”), today announced that it has entered into a stalking horse asset purchase agreement (“APA”) with Ligand Pharmaceuticals, Inc. (“Ligand”) (Nasdaq: LGND) prior to filing voluntary petitions for relief under chapter 11 of title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Chapter 11 Case”).
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Hilco Real Estate Finance Launches Short Term Property Finance to the UK Market
July 20, 2023Hilco Real Estate Finance (HREF), an institutionally backed real estate bridge lender, is bringing flexible, fast, short-term property finance expertise to the marketplace. The group is led by industry experts and co-founders Brad Altberger, Chief Executive Officer and Max Lewis, Chief Investment Officer.
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Houlihan Lokey Strengthens Private Funds Group With Senior Hire
July 20, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Jonathan Jameson has joined as a Managing Director in the firm’s Private Funds Group. Mr. Jameson is based in New York and will expand and strengthen the Group’s coverage of general and limited partners in North America.
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Apollo to Launch Private Fund in Asset-Based Financing Buildout
July 20, 2023Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.
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Jefferies Finance Launches Direct Lending BDC with Anchor Commitment from ADIA
July 20, 2023Jefferies Credit Partners, a leading private credit manager and the asset management arm of Jefferies Finance LLC, today announced the intention to launch a private placement of a business development company (“BDC”) to further enhance its lending capacity in the private credit space.
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First Business Bank’s Asset-Based Lending Group Funds $11 Million Credit Facility in 28 Days
July 20, 2023Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $11 million revolving line of credit for the acquisition of a pipe/valve/fittings distributor in Missouri. First Business Bank’s Asset-Based Lending team worked quickly and diligently to close the financing in 28 days.
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Paul Black II, Leslie Hammond, Kelly Maxwell and Alan Patterson join Coastal States Bank's Commercial Banking Team in Atlanta
July 24, 2023Coastal States Bank ("CSB") is pleased to announce the addition of four new bankers to their Atlanta region. Paul Black II, Leslie Hammond, Kelly Maxwell and Alan Patterson joined CSB's Cobb County team in July and will serve customers at CSB's Akers Mill branch.
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FTI Consulting Strengthens Restructuring Capabilities with Addition of Two Senior Hires and Dedicated Practice in Manchester
July 24, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of two Senior Managing Directors in the Corporate Finance & Restructuring segment and the launch of a dedicated Restructuring practice in Manchester, England, to further strengthen the firm’s restructuring and insolvency capabilities in the United Kingdom.
-
Obra Capital Completes Acquisition of KDP Assets
July 24, 2023Obra Capital, Inc. (“Obra”), a specialized alternative asset management firm that provides investment products and solutions across insurance special situations, structured credit, asset-based finance, and longevity, today announced that it has completed the acquisition of the assets of KDP, LLC and its affiliated companies (“KDP”).
-
Christopher Tomai Joins Peapack Private
July 24, 2023New Jersey holding company Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces that Christopher Tomai has joined Peapack Private, a division of Peapack-Gladstone Bank, as Senior Managing Director and Senior Relationship Manager. He is part of a team of private banking professionals being assembled to support Peapack Private as it expands its business into New York City.
-
NineDot Energy Closes $25 Million Revolving Credit Facility with NY Green Bank (NYGB)
July 24, 2023NineDot Energy®, a leading developer of community-scale clean energy projects, today announced the closing of a new $25 million revolving credit debt facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
-
Salmon Raises $20m Debt Facility From Argentem Creek Partners
July 24, 2023Salmon, a consumer FinTech company, has secured a $20 million debt facility from U.S-based investment firm Argentem Creek Partners, enabling Salmon to scale its lending operations across the Philippines further.
-
SLR Digital Finance Hires RJ Ammons as AVP, Underwriter and Linda Aghajanian as VP, Account Executive
July 24, 2023SLR Digital Finance, a wholly owned subsidiary of SLR Business Credit, is proud to announce the hiring of RJ Ammons as Assistant Vice President and Underwriter, and Linda Aghajanian as Vice President and Account Executive. Based in Sherman Oaks, CA, SLR Digital Finance offers asset-based lending and factoring for businesses in the digital media and advertising sector nationwide.
-
B. Riley Securities Serves as Sole Bookrunner and Placement Agent in Lilium Upsized $192 Million Financing
July 24, 2023B. Riley Securities, Inc. (“B. Riley”), leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as sole bookrunner, underwriter and placement agent in connection with an upsized underwritten public offering for Lilium N.V. (Nasdaq: LILM), the developer of the first all-electric vertical take-off and landing jet.
-
SFNet Member Spotlight: Riemer & Braunstein
July 21, 2023R&B's Commercial Finance Group works with clients providing financing to support businesses ranging from public companies to private equity-backed companies. Our clients include maior domestic and international lenders. middle-market and regional lenders, and alternative lenders.
-
Kirkland Advises Intersect Power on Up to $800 Million Revolving Credit Facility
July 20, 2023Kirkland & Ellis advised Intersect Power in obtaining an up to $800 million revolving credit facility to support the development, construction and operation of Intersect’s next wave of renewables, energy storage and green hydrogen projects.
-
Ekinops Signs up for a €100 Million Credit Line to Support its External Growth Strategy
July 20, 2023EKINOPS (Euronext Paris - FR0011466069 - EKI), leading provider of telecommunications solutions for telecom operators and enterprises, announces the signing of a new credit line with its banking partners.
-
CIBC Innovation Banking Provides €12m Financing Package to Language Technology Business Phrase
July 20, 2023CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology.
-
Sorrento Therapeutics, Inc.'s Bankruptcy Court Approves Elective Offering of Restricted Common Stock of Scilex Holding Company for Dividend Short Holders
July 20, 2023Sorrento Therapeutics, Inc., a biopharmaceutical company dedicated to the development of life-saving therapeutics to treat cancer, intractable pain, and infectious disease, today announced that, in connection with its ongoing chapter 11 case, the U.S. Bankruptcy Court for the Southern District of Texas entered an order approving an offering of a portion of Sorrento's common stock in its non-debtor public subsidiary, Scilex Holding Company.
-
The Middlefield Banking Company Expands Commercial Banking Team
July 20, 2023The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp. (NASDAQ: MBCN), today announced that it has added two new team members to help expand and manage Middlefield’s commercial banking brand in the Central and Northeast Ohio markets. Joining Middlefield are Josh Riley, Senior Vice President/Chief Commercial Market Executive - Central Ohio and Jerry Benko Senior Vice President/Chief Commercial Market Executive - Northeast Ohio.
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Novan Enters into Agreement to Sell Substantially All of its Assets, including Berdazimer Gel, 10.3% (SB206), and Files for Chapter 11 Protection
July 20, 2023Novan, Inc. (Nasdaq: NOVN) and its wholly owned subsidiary, EPI Health, LLC (collectively, “the Company” or “Novan”), today announced that it has entered into a stalking horse asset purchase agreement (“APA”) with Ligand Pharmaceuticals, Inc. (“Ligand”) (Nasdaq: LGND) prior to filing voluntary petitions for relief under chapter 11 of title 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Chapter 11 Case”).
-
Hilco Real Estate Finance Launches Short Term Property Finance to the UK Market
July 20, 2023Hilco Real Estate Finance (HREF), an institutionally backed real estate bridge lender, is bringing flexible, fast, short-term property finance expertise to the marketplace. The group is led by industry experts and co-founders Brad Altberger, Chief Executive Officer and Max Lewis, Chief Investment Officer.
-
Houlihan Lokey Strengthens Private Funds Group With Senior Hire
July 20, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Jonathan Jameson has joined as a Managing Director in the firm’s Private Funds Group. Mr. Jameson is based in New York and will expand and strengthen the Group’s coverage of general and limited partners in North America.
-
Apollo to Launch Private Fund in Asset-Based Financing Buildout
July 20, 2023Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.
-
Jefferies Finance Launches Direct Lending BDC with Anchor Commitment from ADIA
July 20, 2023Jefferies Credit Partners, a leading private credit manager and the asset management arm of Jefferies Finance LLC, today announced the intention to launch a private placement of a business development company (“BDC”) to further enhance its lending capacity in the private credit space.
-
First Business Bank’s Asset-Based Lending Group Funds $11 Million Credit Facility in 28 Days
July 20, 2023Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $11 million revolving line of credit for the acquisition of a pipe/valve/fittings distributor in Missouri. First Business Bank’s Asset-Based Lending team worked quickly and diligently to close the financing in 28 days.
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