A New York-based publicly traded industrials company was facing increased restrictions and red tape from its existing bank lender and was looking for more flexible options to support its growth plans. The company, a designer and assembler of sophisticated control equipment for the space, military, aircraft and medical industries, was already well established, with $35 million in sales volume.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two recent asset-based lending facilities totaling $15 million.

First Citizens Bank today announced that its Real Estate Finance group, part of the CIT division, provided $40 million in construction financing to a joint venture between Grandview Partners and Crosland Southeast for the development of Evelyn City Lofts apartments located in Tampa, Florida.

Maxim Commercial Capital (“Maxim”) reported nearly 300% more funded deals in the second quarter of 2023 than in the prior year’s period, despite broader economic headwinds and rising interest rates.

The principals of the company have been in the business for many years. When the American dream opportunity came to launch their own company and build something for themselves, they took it.

Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $1.035 billion sustainability-linked, syndicated revolving credit facility (the “Facility”) on 16 June 2023.

Cerebro Capital recently announced they had facilitated $111mm in financings for 28 companies. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.

Diebold Nixdorf today announced that the U.S. Bankruptcy Court in the Southern District of Texas has confirmed the company's plan of reorganization related to its comprehensive debt restructuring. This confirmation is one of the final steps in Diebold Nixdorf's restructuring, allowing the company to move forward and execute its plan.

Argonne Capital Group, LLC announced the completion of two recapitalizations and added to its executive ranks as the firm institutionalizes and seeks to propel future growth.

Synovus Bank has named Charlie Clark as president of the community bank, effective July 10. In this new position, Clark will advance the community bank’s geography-based delivery model. This includes management of local leadership across the bank’s five-state footprint as they continue to build and deepen relationships while delivering exceptional service to clients.

QualTek Services Inc. (the “Company” or “QualTek”), a leading infrastructure services provider, today announced that it has successfully emerged from Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas following the confirmation of its Plan of Reorganization (“Plan”) on June 30, 2023.

ViewRay, Inc. (Nasdaq: VRAY) announced today that it and certain of its subsidiaries (collectively, "the Company") filed voluntary petitions for relief (the "Petitions") under Chapter 11 of Title 11 the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court").

The Company’s parent company, a foreign-owned entity, sought a lender to capitalize their U.S. venture with debt for tax and non-tax reasons. The Company required a sufficient line of credit to fund its operating needs and large multi-year projects, which required a substantial upfront investment to pay staff and purchase materials.

Only 3 in 10 leaders at midsize businesses are upbeat about the national economy. But they feel good about their own industries and companies.

Paytient, the creator and leading provider of Health Payment Accounts (HPAs) today announced it has finalized a $7.5M venture debt facility with Silicon Valley Bank (SVB), a division of First Citizens Bank, which was first announced in January of this year.

MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht, and superyacht services company, today announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for the future.

Solifi™, a global fintech software partner for secured finance, announced that Ivan Bagaliyski, Director, Go-To-Market Strategy at Solifi, received the highly commended mention in the Rising Star category at the AFC Summer Awards 2023.

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $57 billion of capital under management, is pleased to announce the sale of its portfolio company Riveron (“Riveron” or the “Company”) to affiliates of Kohlberg & Company (“Kohlberg”).

JA Mitsui Leasing Ltd. (headquarter: Chuo-ku, Tokyo; Keito Shimbu, President and CEO; hereinafter referred to as “JAML”) announces, that through our subsidiary, JA Mitsui Leasing Capital Corporation (headquarter: NY, USA; Kiyoshi Doi, Director, President; hereinafter referred to as “JMCC”), we have acquired 100% interest in Katsumi Global, LLC (headquarter: Michigan, USA; Tim King, CEO; hereinafter referred to as “KG”).

Rothschild & Co announced today that Mark Connelly has joined its Global Advisory business as a Managing Director to lead its equity capital markets offering in North America. In this newly established role, Mr. Connelly will lead and develop Rothschild & Co’s strategy for the firm’s Equity Markets Solutions (“EMS”) business in North America.