B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley”), a leading provider of business advisory and financial services, is pleased to share it earned top honors during The M&A Advisor 17th Annual Turnaround Awards Gala held on March 22, 2023 at The Colony Hotel in Palm Beach, Florida.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that it has hired technology investment banking veteran Alec Ellison as Global Head of FinTech, a newly dedicated industry group that builds on the firm’s leading technology and financial services expertise and underscores its view of and commitment to financial technology as a fundamental element of the financial ecosystem.

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 seven recent ABL transactions totaling roughly $70 million.

Gordon Brothers, the global advisory and investment firm, has supported Modus Subsea Services Limited (Modus) with a £5 million term loan. Modus, a pioneer in the use of Underwater Intervention Drones to automate and decarbonize subsea inspection, maintenance and repair services, has used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally.

In conjunction with a growing Asset-Based Lending (“ABL”) portfolio, experienced ABL experts Jim Allin and Travis Stauffer of Dallas, Texas have joined the ABL team as portfolio managers.

AB “Ignitis grupė” (hereinafter – the Group) informs that on 4 April 2023 the Management Board of the Group approved the intention to conclude a credit facility agreement of EUR 100 million (hereinafter – the Agreement) with Citibank N.A. London Branch (hereinafter – Citibank).

Flatbay Capital announces the funding of a $4,300,000 commercial real estate loan for a research and development, engineering, and testing company that supports the energy industry. In business for 20 years, our client was faced with its most challenging year yet. The company spent years developing a new product line and the release happened right before COVID.

Kapitus, a leading provider of financing for small and medium sized businesses, today announced the closings of a $100 million asset-backed securitization (ABS) and a $30 million investment-grade corporate note financing. These closings bring Kapitus’ total debt facilities to $540 million.

Truist (NYSE: TFC) announced today that it has completed the previously announced sale of a 20% stake in Truist Insurance Holdings, LLC, a subsidiary of Truist and the sixth-largest insurance brokerage in the United States, to funds managed by Stone Point Capital, a leading private equity firm focused on the global financial services industry, for $1.95 billion, representing an aggregate value of $14.75 billion.

New bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third month in a row, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.

J D Factors provided $13,025,000 in new factoring facilities to 44 new clients in the US and Canada during the month of March. Some of these facilities include: a $1,500,000 factoring facility for a transportation company in Illinois; $300,000 factoring facility for a transportation company in Ontario; $250,000 factoring facility for a packaging company in Florida.

Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) announced today that it has entered into an amendment to the Company’s senior secured revolving credit facility (the “Credit Facility”), increasing the elected commitments from $1.2 billion to $1.4 billion.

When the COVID-19 pandemic slowed sales and disrupted supply chains for a Midwest supplier of pipes, valves and oil transmission products and services, the company and its private equity partner needed a flexible solution. Republic Business Credit provided a $5 million factoring facility with options to offer the best fit. The private equity fund and the supplier chose Republic’s ledgered line of credit that features the pricing structure of an ABL facility.

Through flexible lines of credit, the lender is supporting emerging consumer goods brands from various industries by addressing working capital needs. The funds support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses face in a tumultuous market this year.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Shawn Flowers has joined the firm as a Principal in its Technology+ practice. Flowers has extensive experience developing, deploying, and managing all facets of enterprise resource planning (ERP) systems across multiple industries including manufacturing, wholesale distribution, pharmaceuticals, software, and financial services.

First Business Bank is pleased to welcome Jerry Huynh as Managing Director - SBA Lending. With nearly 30 years of experience in helping businesses accomplish their goals through commercial and SBA Lending, Jerry Huynh (pronounced “Win”) brings extensive knowledge and significant expertise to First Business Bank’s relationship-focused SBA Lending team.

Perth, Western Australia/April 3, 2023/African focused gold producer Perseus Mining Limited (ASX/TSX:PRU) is pleased to announce it has refinanced its existing syndicated debt facility to a US$300 million revolving corporate facility.

Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that it intends to take ownership of the collateral that supports its approximately $486 million cash-pay mezzanine loan to Santerre Health Investors (the “Santerre Mezzanine Loan”).

Boxed, Inc. (“Boxed” or the “Company”), an e-commerce technology company that provides bulk pantry consumables to business and household customers, announced today that it, and all of its subsidiaries, initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to execute a sale of its Spresso software business to its first lien secured lenders while continuing to streamline operations, including an efficient and orderly wind-down of its remaining retail business.

CrossAmerica Partners LP (NYSE: CAPL) today announced that it entered into an amended and restated five-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank, N.A. (the “Amended Facility”). The Amended Facility provides borrowing capacity up to $925 million, an increase from the previous revolving credit facility capacity of $750 million.