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Aziyo Biologics Announces Funding of Additional $4 Million Term Loan with SWK Holdings Corporation
December 16, 2022Aziyo Biologics, Inc. (Nasdaq: AZYO) (“Aziyo”), a biologics company with a portfolio of regenerative products aimed at improving compatibility between medical devices and the patients they treat, today announced that it has received an additional $4 million term loan from SWK Holdings Corporation, a healthcare-focused investment firm.
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Kindred Utilizes Extension Option of Revolving Credit Facility Agreement and Broadens Group of Lenders
December 15, 2022Kindred utilises the one-year extension option of the revolving facility agreement previously signed in November 2021 and thereby extends the existing financing until November 2025. The total committed facilities will also be increased by EUR 40 million by utilising the accordion feature and at the same time the group of lenders will be broadened.
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Lendbuzz Secures $135 Million Credit Facility from Regions Bank to Expand Dealership Floor Planning and Consumer Loan Originations
December 15, 2022Lendbuzz, the AI-based fintech company that is revolutionizing the auto finance market, announced today that it closed a $135 million credit facility with Regions Bank. Lendbuzz intends to use the funds to fuel the continued growth of its dealership floor planning portfolio—which doubled with the recent acquisition of Shamrock Finance—and to increase the number of borrowers its proprietary, AI based auto finance platform serves.
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BillionToOne Announces $48.5M Additional Capital Raise and $35M Upsized Term Loan Facility, Demonstrating Investor and Lender Confidence in the Company's Rapid Growth
December 15, 2022BillionToOne, Inc., a molecular diagnostics company with a mission to create powerful and accurate tests that are accessible to all, announces it has secured an additional $48.5 million of funding from existing equity investors as well as upsized its Term Loan Facility with access to up to $35 million, with its existing lender, Bridge Bank.
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Winston & Strawn Represents NTG, LLC
December 15, 2022Winston & Strawn represented NTG, LLC, the franchisor of the Nick the Greek (NTG) restaurant chain, in the sale of its controlling interest to Anil Yadav’s YTG Enterprises LLC (YTG). The founding management team will continue running NTG and retain a substantial minority stake in the current 48 franchise units in operation and approximately 70 units in the development pipeline.
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GemCap Provides $7MM, Working Capital Line, to Solstice Sunglasses
December 15, 2022GemCap Solutions (“GemCap”), a leading non-bank capital lender providing working capital solutions, today announced that it had provided a $7MM line of credit to Solstice Sunglasses (“Solstice”), the second largest sunglass retailer in the United States.
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VSS Capital Partners Closes VSS SC Fund IV At Hard Cap of $530 Million
December 15, 2022VSS Capital Partners (“VSS”), a private investment firm that targets the healthcare, education, and business services industries, today announced the successful final close of VSS Structured Capital Fund IV (“VSS SC IV”) at $530 million, exceeding its target of $400 million. The fund received strong support from existing as well as new institutional investors, including insurers, pensions, asset managers, foundations, endowments and select family offices.
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Aequum Capital Restructures $10.0MM Asset-Based Revolver for Midwest Based Plastic Injection Molder
December 15, 2022Aequum Capital is pleased to announce it recently closed a $10,000,000 revolving credit facility to a Midwest based industry-leading, plastic injection molder parts manufacturer. The Company has a diversified customer base serving the automotive, agricultural, construction, and food services industries.
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Fortuna Announces Amendment to Increase Credit Facility to US$250 Million
December 15, 2022Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it has amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to US$250 million. The maturity date of the credit facility remains unchanged and matures in November 2025.
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Vida Capital Rebrands to Obra Capital
December 15, 2022Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced a corporate rebranding, which includes the changing of its name to Obra Capital, Inc. (the “Company” or “Obra”), as part of the Company’s ongoing business evolution.
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U.S. Bank Names Sekou Kaalund new Head of Branch Banking
December 15, 2022Sekou Kaalund has joined U.S. Bank in a newly created role as the head of branch banking, a leadership role within Consumer & Business Banking responsible for the 2,200+ branches as well as the consumer and small business bankers spread out across 26 states. The bank’s branch and small business presence on the West Coast will expand further in 2023 upon full conversion of its acquisition of MUFG Union Bank.
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Gordon Brothers Transforms & Sells ORSAY Brand
December 15, 2022Gordon Brothers, the global advisory and investment firm, has transformed and sold the global ORSAY brand, archives, and related trademarks and other intellectual property to a private investor from the Czech Republic operating under Orsay International.
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AmeriFactors Announces Recent Deals
December 15, 2022AmeriFactors Financial Group, LLC is pleased to announce the following recent deals through their accounts receivable financing facilities: $1,600,000 to a software company located in Delaware; $200,000 to a mechanical company located in Arizona; $1,000,000 to an underground utilities company located in Texas; $1,500,00 to an energy company located in Georgia; $500,000 to a food supply company located in Nevada...
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The ONE Group Announces Increase to Credit Facility Up to $87 Million
December 14, 2022The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today announced that it has successfully amended the Company’s existing credit facility to provide an additional $50 million delayed draw senior secured term loan to its existing $25 million term loan and $12 million revolving credit facility.
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Latest Wolters Kluwer Risk Survey Reveals Persistent Compliance Challenges for Banks
December 14, 2022“Unquestionably, this year’s survey findings point to the critical role that a robust regulatory change management program—particularly one featuring an up-to-date regulatory library—plays in helping ensure compliance and addressing risk across a lending organization,” said Timothy R. Burniston, Senior Advisor for Regulatory Strategy with Wolters Kluwer Compliance Solutions.
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KKR Releases “Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio”
December 14, 2022KKR, a leading global investment firm, today announced the release of Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA) and Racim Allouani, Head of Portfolio Construction, Investment Risk Management and Quantitative Analysis at KKR. The latest Insights piece follows the publication of Regime Change: Enhancing the ‘Traditional’ Portfolio, which urged investors to reexamine the traditional 60/40 portfolio construction model in order to protect their pricing power in a new investing environment.
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Culain Capital Funding Closes $200,000 for Lumber Millworks Company
December 14, 2022Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small- and medium-sized business in the United States announces the completion of a $200,000 accounts receivable factoring facility with a new lumber millworks Company based in Arizona.
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SG Stonegate Announces a Senior Debt Investment in Brazi Bites
December 14, 2022SG Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Brazi Bites, a leading U.S. brand of Latin-inspired foods.
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Timothy (Tim) Serritella Joins Celtic Capital Corporation as Senior Vice President-Client Development
December 14, 2022Celtic Capital Corporation is pleased to announce that Timothy (Tim) Serritella has joined the firm as senior vice president-client development for the Central Midwest (Illinois, Iowa, Minnesota, Mississippi, Wisconsin). He’s been in the industry for over two decades and is firmly entrenched in the business community as an active member of the TMA, SFNet, ACG and ABI.
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Republic Capital Access’ Multi-Party Refinancing of Medical Staffing Business Results in Big Savings
December 14, 2022Republic Capital Access was introduced to a medical staffing company needing an asset-based working capital facility to finance several large awards. Complicating the company’s balance sheet were an existing SBA loan and expensive private debt.
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Aziyo Biologics Announces Funding of Additional $4 Million Term Loan with SWK Holdings Corporation
December 16, 2022Aziyo Biologics, Inc. (Nasdaq: AZYO) (“Aziyo”), a biologics company with a portfolio of regenerative products aimed at improving compatibility between medical devices and the patients they treat, today announced that it has received an additional $4 million term loan from SWK Holdings Corporation, a healthcare-focused investment firm.
-
Kindred Utilizes Extension Option of Revolving Credit Facility Agreement and Broadens Group of Lenders
December 15, 2022Kindred utilises the one-year extension option of the revolving facility agreement previously signed in November 2021 and thereby extends the existing financing until November 2025. The total committed facilities will also be increased by EUR 40 million by utilising the accordion feature and at the same time the group of lenders will be broadened.
-
Lendbuzz Secures $135 Million Credit Facility from Regions Bank to Expand Dealership Floor Planning and Consumer Loan Originations
December 15, 2022Lendbuzz, the AI-based fintech company that is revolutionizing the auto finance market, announced today that it closed a $135 million credit facility with Regions Bank. Lendbuzz intends to use the funds to fuel the continued growth of its dealership floor planning portfolio—which doubled with the recent acquisition of Shamrock Finance—and to increase the number of borrowers its proprietary, AI based auto finance platform serves.
-
BillionToOne Announces $48.5M Additional Capital Raise and $35M Upsized Term Loan Facility, Demonstrating Investor and Lender Confidence in the Company's Rapid Growth
December 15, 2022BillionToOne, Inc., a molecular diagnostics company with a mission to create powerful and accurate tests that are accessible to all, announces it has secured an additional $48.5 million of funding from existing equity investors as well as upsized its Term Loan Facility with access to up to $35 million, with its existing lender, Bridge Bank.
-
Winston & Strawn Represents NTG, LLC
December 15, 2022Winston & Strawn represented NTG, LLC, the franchisor of the Nick the Greek (NTG) restaurant chain, in the sale of its controlling interest to Anil Yadav’s YTG Enterprises LLC (YTG). The founding management team will continue running NTG and retain a substantial minority stake in the current 48 franchise units in operation and approximately 70 units in the development pipeline.
-
GemCap Provides $7MM, Working Capital Line, to Solstice Sunglasses
December 15, 2022GemCap Solutions (“GemCap”), a leading non-bank capital lender providing working capital solutions, today announced that it had provided a $7MM line of credit to Solstice Sunglasses (“Solstice”), the second largest sunglass retailer in the United States.
-
VSS Capital Partners Closes VSS SC Fund IV At Hard Cap of $530 Million
December 15, 2022VSS Capital Partners (“VSS”), a private investment firm that targets the healthcare, education, and business services industries, today announced the successful final close of VSS Structured Capital Fund IV (“VSS SC IV”) at $530 million, exceeding its target of $400 million. The fund received strong support from existing as well as new institutional investors, including insurers, pensions, asset managers, foundations, endowments and select family offices.
-
Aequum Capital Restructures $10.0MM Asset-Based Revolver for Midwest Based Plastic Injection Molder
December 15, 2022Aequum Capital is pleased to announce it recently closed a $10,000,000 revolving credit facility to a Midwest based industry-leading, plastic injection molder parts manufacturer. The Company has a diversified customer base serving the automotive, agricultural, construction, and food services industries.
-
Fortuna Announces Amendment to Increase Credit Facility to US$250 Million
December 15, 2022Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it has amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to US$250 million. The maturity date of the credit facility remains unchanged and matures in November 2025.
-
Vida Capital Rebrands to Obra Capital
December 15, 2022Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced a corporate rebranding, which includes the changing of its name to Obra Capital, Inc. (the “Company” or “Obra”), as part of the Company’s ongoing business evolution.
-
U.S. Bank Names Sekou Kaalund new Head of Branch Banking
December 15, 2022Sekou Kaalund has joined U.S. Bank in a newly created role as the head of branch banking, a leadership role within Consumer & Business Banking responsible for the 2,200+ branches as well as the consumer and small business bankers spread out across 26 states. The bank’s branch and small business presence on the West Coast will expand further in 2023 upon full conversion of its acquisition of MUFG Union Bank.
-
Gordon Brothers Transforms & Sells ORSAY Brand
December 15, 2022Gordon Brothers, the global advisory and investment firm, has transformed and sold the global ORSAY brand, archives, and related trademarks and other intellectual property to a private investor from the Czech Republic operating under Orsay International.
-
AmeriFactors Announces Recent Deals
December 15, 2022AmeriFactors Financial Group, LLC is pleased to announce the following recent deals through their accounts receivable financing facilities: $1,600,000 to a software company located in Delaware; $200,000 to a mechanical company located in Arizona; $1,000,000 to an underground utilities company located in Texas; $1,500,00 to an energy company located in Georgia; $500,000 to a food supply company located in Nevada...
-
The ONE Group Announces Increase to Credit Facility Up to $87 Million
December 14, 2022The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today announced that it has successfully amended the Company’s existing credit facility to provide an additional $50 million delayed draw senior secured term loan to its existing $25 million term loan and $12 million revolving credit facility.
-
Latest Wolters Kluwer Risk Survey Reveals Persistent Compliance Challenges for Banks
December 14, 2022“Unquestionably, this year’s survey findings point to the critical role that a robust regulatory change management program—particularly one featuring an up-to-date regulatory library—plays in helping ensure compliance and addressing risk across a lending organization,” said Timothy R. Burniston, Senior Advisor for Regulatory Strategy with Wolters Kluwer Compliance Solutions.
-
KKR Releases “Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio”
December 14, 2022KKR, a leading global investment firm, today announced the release of Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA) and Racim Allouani, Head of Portfolio Construction, Investment Risk Management and Quantitative Analysis at KKR. The latest Insights piece follows the publication of Regime Change: Enhancing the ‘Traditional’ Portfolio, which urged investors to reexamine the traditional 60/40 portfolio construction model in order to protect their pricing power in a new investing environment.
-
Culain Capital Funding Closes $200,000 for Lumber Millworks Company
December 14, 2022Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small- and medium-sized business in the United States announces the completion of a $200,000 accounts receivable factoring facility with a new lumber millworks Company based in Arizona.
-
SG Stonegate Announces a Senior Debt Investment in Brazi Bites
December 14, 2022SG Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Brazi Bites, a leading U.S. brand of Latin-inspired foods.
-
Timothy (Tim) Serritella Joins Celtic Capital Corporation as Senior Vice President-Client Development
December 14, 2022Celtic Capital Corporation is pleased to announce that Timothy (Tim) Serritella has joined the firm as senior vice president-client development for the Central Midwest (Illinois, Iowa, Minnesota, Mississippi, Wisconsin). He’s been in the industry for over two decades and is firmly entrenched in the business community as an active member of the TMA, SFNet, ACG and ABI.
-
Republic Capital Access’ Multi-Party Refinancing of Medical Staffing Business Results in Big Savings
December 14, 2022Republic Capital Access was introduced to a medical staffing company needing an asset-based working capital facility to finance several large awards. Complicating the company’s balance sheet were an existing SBA loan and expensive private debt.
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