Phoenix’s Q4 2022 “Lending Climate in America” survey asked lenders how the average consumer will approach their holiday spending. The majority of lenders, sixty percent, believe an increase in prices will result in less holiday spending, but will not result in a material decrease from prior years. The other forty percent of the lenders surveyed believe that consumers will reduce their Q4’22 spending, which will have the greatest effect on small business relying on holiday revenue.

RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, today announced the integration of two new datasets into its platform: one to expand its coverage of medical practices, and the other to add details of corporate employee benefits programs.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $20 million senior secured credit facility with Jet East, a Gama Aviation Company. Jet East is a one of the nation’s leading aviation maintenance providers for scheduled maintenance, unscheduled on-demand mobile maintenance, and related services in the areas of structural and component repairs, composite work, non-destructive testing, and paint capabilities.

-Enviva Inc. (NYSE: EVA) (“Enviva,” “our,” “we,” or the “Company”) today announced the closing of a senior secured term loan facility (the “Term Loan”) in the amount of $105 million, maturing in June 2027. Borrowing rates under the Term Loan are variable and calculated as SOFR plus 400 basis points. Enviva intends to use the net proceeds from the Term Loan to reduce borrowings under its senior secured revolving credit facility.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced a growth investment in Legacy Service Partners, LLC (“Legacy” or the “Company”), a leading provider of residential heating, ventilation, and air-conditioning (HVAC), plumbing, and electrical services. Financial terms of the partnership were not disclosed.

BMO Financial Group (TSX: BMO) (NYSE: BMO), and its subsidiaries BMO Financial Corp. and BMO Harris Bank N.A. (together, "BMO"), today announced it has received all regulatory approvals required to complete its acquisition of Bank of the West from BNP Paribas (XPAR: BNP). BMO anticipates the acquisition will close on February 1, 2023, subject to the satisfaction of customary closing conditions. ​

SLR Digital Finance announces the completion of a three-year accounts receivable based credit facility for Alpha Precision Media, a leading advertising technology company providing managed service campaigns across the Amazon Ads ecosystem. Alpha drives results for its advertisers by planning, buying, and executing Connected TV and Digital Media campaigns on Amazon. They’re the only certified Minority-owned Business Enterprise with full-platform access across the Amazon ecosystem.

Cahill Gordon & Reindel LLP announced today that Christopher Bevan, Samson A. Enzer, Sesi Garimella, Mark Loftus and John MacGregor have been elected to the partnership in Cahill’s New York office, and Tom Rocher has been elected to the partnership in the firm’s London office. Cahill is also pleased to announce that the firm has elected Margaret Barone, Danielle Brown, Samir Kurani, Jennifer Potts, Sara Ortiz and Marc Shepsman as Counsel to the firm.

RelPro, announced today its latest partnership with Rivel Inc., a Management Consulting firm that uses data to align its clients with their shareholders’ and customers’ needs. The new partnership enhances both companies’ ability to support banks and credit unions looking to strategically attract new customers and retain existing clients.

King & Spalding announced today that Olivia Radin has joined the firm as a partner on its Special Matters and Government Investigations team. She is based in the New York office. Radin brings a holistic approach to assisting global companies in addressing their challenges by acting as a trusted strategic advisor, conducting internal and regulatory investigations and advising on remediation and compliance enhancements, as well as defending clients during enforcement actions and disputes.

eCapital Corp. (“eCapital” or “the company”), a leading finance provider for businesses across North America and the U.K., today announced the appointment of Todd Zarin as chief legal officer. As part of the executive leadership team, Zarin will oversee eCapital’s in-house legal team and be responsible for all legal operations for the company.

Party City Holdco Inc (PRTY.N) filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending. Troubled retailers often seek bankruptcy protection following the holiday season to take advantage of the cash cushion provided by recent sales.

Blank Rome LLP is pleased to announce that Joseph M. Welch has joined the firm’s Orange County office as a partner in the Finance, Restructuring, and Bankruptcy practice group. A Certified Bankruptcy Specialist by the State Bar of California Board of Legal Specialization with a broad-based bankruptcy practice representing lenders and other creditors, Joseph also dedicates a significant portion of his practice to representing agricultural lenders and advising agribusiness and food companies on a wide range of corporate matters.

FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a US $7.4 million secured credit facility with Savor Street Foods Inc. (“SSF” or the “Company”), a Pennsylvania-based food manufacturer producing an array of health‐conscious pretzel snacks. The facility, comprised of a revolver and a term loan, will be used by SSF to refinance its existing debt, as well as to provide improved liquidity to help meet strong customer demand and support the Company’s growth initiatives, including new brand and product launches.

Maxim Commercial Capital (“Maxim”) announced robust results for 2022, with increased originations each successive quarter. The hard asset secured lender and lessor launched a new credit tier program for truck financings that has proven popular among truck vendors and finance brokers. Maxim provides loans and leases from $10,000 to $3 million secured by class 8 trucks, heavy equipment and real estate for business owners across the nation. It funded purchase financings, equipment leases, working capital, and debt consolidations for customers located in 37 states during 2022.

After 20 years with the CVCredit brand and an extensive footprint in the U.S. and Latin America, CVCredit will rebrand under the name of Exitus Global. In February of 2020, CVCredit merged with Exitus Capital, which is as of today, one of the largest commercial finance companies in Mexico (NBFI).

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Laura Kobes has joined the firm as a Managing Director in its Value360 - Transaction Advisory Services practice. Based in Virginia, Kobes will focus on leading and growing the firm’s dedicated Sale and Purchase Agreement (SPA) Advisory practice and on M&A dispute capabilities, both as the neutral arbitrator and as an advisor to buyers and sellers.

Lighthouse Financial Corp. is pleased to announce the completion of a $6,000,000 credit facility to a Tennessee-based manufacturer and distributor of pharmaceutical products. Founded in 2001, the company markets and sells its own branded product lines of enemas, feminine hygiene products, over-the-counter medications, and personal care products. In addition, the company provides contract compounding and packaging for many private label brands.

BHI, a full-service commercial bank, announced that it has appointed Nitin Aeri as Head of Cash Management. Aeri brings to BHI more than 20 years of experience in treasury and cash management across commercial, corporate and multinational client segments covering the management of product P&L, sales, risk, payment and collection products and technology, as well as implementation and service processes.

North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender located in Norwalk, Connecticut, launched its online customer portal, a powerful, feature-rich digital platform designed to help the company’s nearly 15,000 customers self-manage their accounts 24/7.