TCC Financial, Inc. (TCC), the US lending division of Travelers Capital Corp., a Canadian asset-based lender, is pleased to announce the successful closing of a US $30.8 million senior secured term loan facility to support the growth and development needs of a leading heavy equipment rental business headquartered in California.

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed over $191MM in seniors and healthcare financing during Q4 2022. Featured among the transactions are bridge loans for a Skilled Nursing Facility (“SNF”) Portfolio in Florida and a SNF Portfolio in Georgia.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the growth recapitalization of Mobility Market Intelligence (“MMI”) by WestView Capital Partners. Additionally, Abacus made an equity co-investment in MMI.

Tesla Inc. has secured a new $5 billion revolving credit facility, another sign that the company is nearing investment-grade status. The electric-vehicle maker may increase the facility by up to $2 billion, according to a filing. Citigroup Inc. is the administrative agent for the revolver, which has a five-year maturity.

John Marshall Bank (“JMB” or the “Bank”), subsidiary of John Marshall Bancorp, Inc. (the “Company”) (Nasdaq: JMSB), is proud to announce the recent hire of Tamoor Ijaz as Vice President, Commercial Lender in the Arlington Region. In his position, Mr. Ijaz will use his near 10 years of commercial lending experience to focus on Commercial and Industrial loans as well as fostering new deposit business development opportunities.

Audax Strategic Capital (ASC), a provider of mid-hold capital solutions that enable private equity sponsors to continue investing in expanding middle market companies, today announced recent additions to its growing team that reflect ongoing momentum since the launch of ASC in December.

Bed Bath & Beyond Inc (BBBY.O) said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank N.A., triggering a 22% slump in its shares. The company said in a regulatory filing it does not have sufficient resources to repay the amounts under the credit facilities, adding it will consider all strategic alternatives, including restructuring its debt under the U.S. Bankruptcy Code.

Foro, a Charlotte-based fintech startup, today emerged from stealth mode with the national launch of its digital commercial lending platform. Foro’s platform guides business owners through the complex commercial lending process and introduces them to financial institutions that fit their capital needs, while providing those same financial institutions with verified, high-quality leads that meet their lending strategies and goals.

Gerald Group ("Gerald / the Group"), the world's largest independent and employee-owned metals trading house is pleased to announce the successful closure of its new annual syndicated Revolving Credit Facility ("RCF") for US$180 million. The RCF was oversubscribed and was upsized from its initial launch at US$125 million. The one-year committed, unsecured RCF will be used by Gerald for refinancing the maturing US$140 million facility and for general corporate purposes.

Caesars Entertainment, Inc. (NASDAQ: CZR) (the "Company" or "Caesars") today announced the pricing of its previously announced new senior secured term loan facility (the "New Term B Loan") to be incurred as an incremental term loan facility under the credit agreement that governs its existing senior secured credit facilities. The aggregate principal amount of the New Term B Loan was increased to $2.5 billion from the previously announced $1.75 billion.

Downing Renewables & Infrastructure Trust (DORE) has increased its revolving credit facility (RCF) with Santander from £25m to £40m. The additional capital available will facilitate further investment in the company‘s pipeline of acquisition opportunities.

Daktronics, Inc. (NASDAQ-DAKT) today announced it has entered into an amendment to its credit agreement with its current lender, U. S. Bank National Association, to extend the maturity of $10 million of its $45 million credit facility to May 1, 2023. The remaining $35 million of the credit facility matures on April 29, 2025.

Heritage Power on Jan. 24 filed for Chapter 11 in bankruptcy court in Houston, the company announced. The company said it entered into a restructuring support agreement (RSA) with indirect parent GenOn Holdings and certain consenting lenders that “would significantly reduce Heritage’s debt and establish a more sustainable capital structure pursuant to a consensual Chapter 11 plan that GenOn and the lenders have agreed to support.” Haynes and Boone is acting as the company’s legal adviser. Alvarez & Marsal is acting as restructuring adviser.

Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $400 million aggregate principal amount of Senior Notes due 2028 (the “Notes”).

Fashion apparel retailer Express has completed its previously announced transaction with turnaround firm WHP Global. With the transaction, WHP Global has invested $260 million in the firm, acquiring 7.4% of the firm for $25 million and 60% of an intellectual property joint venture for $235 million, the companies said in a Wednesday (Jan. 25) press release.

Barclays announces the appointments of Douglas Melsheimer as a Managing Director in Technology Investment Banking, and Vladimir Ganchev as a Managing Director in Technology M&A. Mr. Melsheimer will focus on software, with emphasis on Human Capital Management (HCM) Software and Customer Experience (CX), and will report to Marco Valla, Global Head of Technology, Media and Telecom (TMT) Banking at Barclays.

OnPoint Warranty Solutions, LLC (“OnPoint”), a rapidly growing insuretech, mobile solutions and warranty services company, today announced that it has completed a strategic transaction with a private equity vehicle managed by Waterfall Asset Management, LLC (“Waterfall”) and Atalaya Capital Management (“Atalaya”).

- Comerica Incorporated (NYSE: CMA) announced today that, effective Jan. 27, 2023, it is promoting three executive leaders to newly established positions: Peter Sefzik, Executive Vice President (EVP), Executive Director, Commercial Bank, will assume the role of Senior EVP, Chief Banking Officer; Megan Crespi, EVP, Chief Enterprise Technology and Operations Services Officer, will assume the role of Senior EVP, Chief Operating Officer; and Megan Burkhart, EVP, Chief Human Resources Officer, will assume the role of Senior EVP, Chief Administrative Officer.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced promotions for several members of its investment team. Edward Chen becomes Managing Director, and Yifan Lai and Avisha Khubani advance to Principal. ​

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