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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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Cadence Bank Supports Local Boys & Girls Clubs Across Its Nine-State Southeast Footprint
August 3, 2023Cadence Bank (NYSE: CADE) is proud to announce its support for local Boys and Girls Clubs (Club) through a series of volunteering initiatives taking place from July 24, 2023 through August 4, 2023, across the Southeast.
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Hallador Energy Secures $140 Million Credit Facility Through 2026, Increasing Liquidity to $56.9 Million
August 3, 2023Hallador Energy Company (Nasdaq: HNRG) entered into a new $140 million credit agreement today, with PNC Bank as the administrative agent, extending the term of the agreement through 2026.
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Huntington Bank Names Marcy Hingst General Counsel
August 3, 2023The Huntington National Bank ("Huntington") announced today the appointment of Marcy Hingst as General Counsel. Hingst will join the bank's Executive Leadership Team and oversee all legal activities for the company.
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Epiq: July Commercial Chapter 11 Filings Increase 71 Percent Over Last Year
August 3, 2023There were 362 commercial Chapter 11 filings registered in July 2023, an increase of 71 percent from the 212 filings registered in July 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
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Third Eye Capital Completes Successful Exit From Cricket Energy Holdings
August 3, 2023Third Eye Capital ("TEC" or the "Company"), Canada’s leading provider of asset-based financing solutions to companies that are underserved or overlooked by traditional sources of capital, is pleased to announce the successful exit of its debt and equity holdings in Cricket Energy Holdings Inc. (“Cricket”). This follows the strategic majority sale of Cricket’s subsidiary, Provident Energy Management Inc. (“Provident”), to funds managed by Northleaf Capital Partners. Financial details and terms of the transaction were not disclosed.
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Horizon Technology Finance Provides $15 Million Venture Loan Facility to Tallac Therapeutics
August 3, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $15 million venture loan facility to Tallac Therapeutics, Inc. ("Tallac"), of which $5 million has been initially funded.
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Horizon Technology Finance Provides $15 Million Venture Loan Facility to Tallac Therapeutics
August 3, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $15 million venture loan facility to Tallac Therapeutics, Inc. ("Tallac"), of which $5 million has been initially funded.
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First Business Bank’s Asset-Based Lending Group Funds $11 Million Credit Facility For Refinance
August 3, 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, equipment term loan, and equipment CapEx line for an aviation/industrial/auto precision manufacturer in Illinois.
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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.
-
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.
-
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.
-
Cadence Bank Supports Local Boys & Girls Clubs Across Its Nine-State Southeast Footprint
August 3, 2023Cadence Bank (NYSE: CADE) is proud to announce its support for local Boys and Girls Clubs (Club) through a series of volunteering initiatives taking place from July 24, 2023 through August 4, 2023, across the Southeast.
-
Hallador Energy Secures $140 Million Credit Facility Through 2026, Increasing Liquidity to $56.9 Million
August 3, 2023Hallador Energy Company (Nasdaq: HNRG) entered into a new $140 million credit agreement today, with PNC Bank as the administrative agent, extending the term of the agreement through 2026.
-
Huntington Bank Names Marcy Hingst General Counsel
August 3, 2023The Huntington National Bank ("Huntington") announced today the appointment of Marcy Hingst as General Counsel. Hingst will join the bank's Executive Leadership Team and oversee all legal activities for the company.
-
Epiq: July Commercial Chapter 11 Filings Increase 71 Percent Over Last Year
August 3, 2023There were 362 commercial Chapter 11 filings registered in July 2023, an increase of 71 percent from the 212 filings registered in July 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
-
Third Eye Capital Completes Successful Exit From Cricket Energy Holdings
August 3, 2023Third Eye Capital ("TEC" or the "Company"), Canada’s leading provider of asset-based financing solutions to companies that are underserved or overlooked by traditional sources of capital, is pleased to announce the successful exit of its debt and equity holdings in Cricket Energy Holdings Inc. (“Cricket”). This follows the strategic majority sale of Cricket’s subsidiary, Provident Energy Management Inc. (“Provident”), to funds managed by Northleaf Capital Partners. Financial details and terms of the transaction were not disclosed.
-
Horizon Technology Finance Provides $15 Million Venture Loan Facility to Tallac Therapeutics
August 3, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $15 million venture loan facility to Tallac Therapeutics, Inc. ("Tallac"), of which $5 million has been initially funded.
-
Horizon Technology Finance Provides $15 Million Venture Loan Facility to Tallac Therapeutics
August 3, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $15 million venture loan facility to Tallac Therapeutics, Inc. ("Tallac"), of which $5 million has been initially funded.
-
First Business Bank’s Asset-Based Lending Group Funds $11 Million Credit Facility For Refinance
August 3, 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, equipment term loan, and equipment CapEx line for an aviation/industrial/auto precision manufacturer in Illinois.
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