HPS Investment Partners, LLC ("HPS"), a leading global credit investment firm with $101 billion in assets under management, today announced the closing of its second Core Senior Lending Fund ("CSL II") and parallel investment funds and accounts, with approximately $10 billion in investable capital. This includes $7.3 billion in equity commitments.

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, eased to 131.3 in the second quarter, down modestly from 134.0 in the first quarter on a seasonally adjusted basis.

Eightco Holdings Inc. (NASDAQ: OCTO), a leader in the e-commerce inventory solutions space is pleased to announce a milestone in its growth journey. The company has successfully closed an asset-based lending facility (ABL) from several investors, including members of its management team and the visionary founders of Forever 8.

TraQiQ, Inc. (OTC QB: TRIQ) (the "Company" or "TraQiQ"), a leading diversified waste and recycling services provider, today announced that it has closed the acquisition of Titan Trucking, LLC as it continues to execute the Company’s plan to shift its focus to providing traditional and alternative environmental services.

Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing to support the acquisition of Pink Buckle and Ruby Buckle (“P&R”), a series of prestigious barrel racing competitions, by Equine Network, LLC (“Equine Network” or the “Company”), a portfolio company of Growth Catalyst Partners (“GCP”).

Mountain Ridge Capital (www.mountainridgecap.com), an asset-based commercial finance company, announced the hiring of Daniel Williams as a Managing Director of Business Development covering the Northeast region. Mountain Ridge seeks to provide creative asset-based financing solutions that commercial banks do not wish to provide or cannot provide.

Gordon Brothers, the global advisory and investment firm, is offering for sale by online auction the tall ship Lord Nelson on behalf of Richard Lewis and Sarah O’Toole, the Joint Administrators of Jubilee Sailing Trust Limited. Lord Nelson was built in 1985 and is the first tall ship in the world designed to accommodate personnel of all physical abilities to sail alongside the ship’s crew. The tall ship includes accessible toilets, a speaking compass, braille and power-assisted bridge.

Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced that as of June 2, 2023, it entered into a new $750,000 term loan with Main Street Bank.

Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that it has entered into an amended and restated Commitment Letter (the "Amended Commitment Letter") with its primary lender which increases its revolving evergreen equipment financing facility from $6.0 million to $15.0 million. This is an expansion of $9.0 million and, unless market conditions justify an increase to the Company's capital plans for 2023, provides the Company with sufficient access to capital to complete its 2023 capital asset program.

KeyBank Institutional Advisors and KeyBank Community Development Lending and Investment (CDLI) provided $30 million of financing to the Cleveland Foundation (TCF) for the construction of the 95,000-square-foot Midtown Collaboration Center (Center) located in Cleveland's MidTown and historic Hough neighborhoods. The Center will be adjacent to TCF headquarters and aims to be both regionally significant and locally transformative.

The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced the expansion of its revolving credit facility from $350 million to $445 million. The fifth amendment to the Company’s credit agreement also replaces LIBOR as the interest rate benchmark with the SOFR interest rate benchmark, and updates the interest rates to reflect current market terms.

On May 12, the Consumer Financial Protection Bureau issued a Small Entity Compliance Guide as a resource for financial institutions who will need to implement the requirements of the recently completed rule on small business data collection and reporting.

Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently added Brian Richardson to its Business Development team as Senior Vice President, reporting to Raphael Torres, Head of Business Development. Brian will focus on the Mid-Atlantic and Southeastern states expanding Access’s geographic presence.

CIBC recently welcomed Christopher “Chris” Saldana, managing director and business development officer, to its ABL team in the Southeast Region. Prior to joining CIBC as a underwriter in 2022, he served as regional executive leading Southwest originations at First Business Capital Corp.

Eric Dorner, vice president of business development, Chicago, and William Kemp, senior vice president of business development, Houston, both hold the roles of chapter president in their respective cities for SFNet, the premier national association for all organizations and professionals working in secured finance. The network includes nearly 300 member companies and a 20,000-person active community with 22 chapters throughout the United States.

A quick turnaround was in order for this growing Canadian B2B tech company who we’ve just equipped with $250,000 in accounts receivable finance. The client was referred to Sallyport through a broker and needed an influx of working capital to support their payroll obligations while they focus on growing their client base.

SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Emporos via a $15 million credit facility. Emporos is a Pharmacy Commerce System, including a cloud-based Point of Sale (POS), that enables pharmacy access to patients in store, at bedside, at home, and online.

One of the world’s largest Internet retailers of high-performance telescopes is available for purchase as a going concern prior to the June 13 auction sale of the company’s inventory, Tiger Group announced.

The new name simplifies and more fully describes SPECTRUM’s role as an alternative lender to companies unable to obtain working capital and fixed asset financing from traditional sources. ​ As a result of portfolio growth and increased staff levels over recent years, SPECTRUM moved to new office space that allows for the company’s continued growth on a national level and more efficient day-to-day work flow.

Headquartered in Ocala, Florida, Signature Brands is a leading provider of dessert decoration and seasonal celebration products under beloved household brands such as Betty Crocker, Cake Mate, Brand Castle, PAAS, Pumpkin Masters, and GiftPop. Proceeds from the financing will be used to refinance an existing facility and provide working capital for operations and growth opportunities.