J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, (“WOGA”) provided a $20 million factoring facility (“Facility”) to a leading telecommunications company. The Facility will allow the company to continue its growth and its supplying of tablets and data to qualified consumers under the Affordable Connectivity Program (ACP).

Tradewind Finance is pleased to announce it has closed a USD 700,000 export factoring facility for a frozen seafood trader in Hong Kong. The funding has been used to finance the company's business operations and expansion plans, including their exports to buyers in the US and South America.

Sorrento Therapeutics, Inc. has recently received approval from the U.S. Bankruptcy Court for the Southern District of Texas regarding a significant development in their ongoing bankruptcy proceedings. The court has given the green light to a “stalking horse” bid worth $105 million for the acquisition of Scilex Holding Company’s common stock, preferred stock, and warrants. The successful bidder in this case is Oramed Pharmaceuticals, Inc.

Oxford Finance LLC (“Oxford”), a leading specialty firm that provides senior debt to life sciences and healthcare companies worldwide is pleased to announce that its Healthcare Real Estate Group closed a strong first half of 2023, providing total capital commitments of approximately $200 million in six transactions.

Hilco Global (www.hilcoglobal.com), a privately held diversified financial solutions firm, announced today that veteran Lazard banker David Kurtz, will join the firm, serving as Vice Chairman and Chief Strategic Officer. Mr. Kurtz will report to and work closely with Hilco Global Chief Executive Officer and Founder Jeffrey B. Hecktman.

Paramount Global (NASDAQ: PARA, PARAA) and KKR today announced the signing of a definitive agreement pursuant to which KKR will acquire Simon & Schuster for $1.62 billion in an all-cash transaction.

Blank Rome LLP is pleased to announce that Partner Joel V. Sestito, Of Counsel Rachel E. Mather, and Associate Olivia S. Ortiz have joined the firm’s nationally recognized Real Estate group in Chicago. Real estate finance pros, Joel, Rachel, and Olivia represent lenders in real estate and commercial loan transactions. The team joins from Akerman.

Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of MEI Rigging & Crating (“MEI”) by Olympus Partners.

SAPRO, a renowned global talent outsourcing firm providing expert professionals in tax, audit, and advisory services, is thrilled to announce the appointment of Julie Bonness as the new Senior Vice President - Global Strategic Partnerships.

Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that Anthony DiChiara has joined the firm as Managing Director of Originations.

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, NOG entered into an amendment to the Facility that will increase the borrowing base to $1.8 billion (from $1.6 billion) and increase the elected commitment amount to $1.25 billion (from $1.0 billion).

Brean Capital and RBC Capital Markets served as financial advisors on this transaction, and Brean Capital also served as the placement agent.

Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company and affiliate of Gibraltar Business Capital, is pleased to announce the successful completion of a $1MM equipment financing transaction.

Flatbay Capital funds a $1.7MM bridge loan to a Houston, Texas-based provider of private fiber-optic connections to cities, municipalities, and educational institutions across the state. The commercial real estate loan was secured by an owner-occupied light industrial building whose main use is a data center.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM club ABL facility to a toy manufacturer and distributor. Proceeds from AFS’ revolver were used for seasonal inventory purchases and will also provide ongoing working capital to support the Company’s growth plans.

Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced that it entered into a credit facility with an investment partnership of New Enterprise Associates (“NEA”) with $60 million of credit capacity on August 4, 2023.

By order of a U.S. bankruptcy court, Tiger Group and Liquidity Services on Aug. 10 will auction OncoSec Medical Inc.’s former immunotherapy laboratory and R&D facility in San Diego.

1st 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, 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.