• SLR Healthcare ABL Provides Financing to Men's Primary Healthcare Provider
    December 14, 2022
    SLR Healthcare ABL is pleased to announce it provided a $3 million asset-based revolving line of credit to a men's primary healthcare provider in November 2022.
  • Triumph Appoints Tim Valdez President of Factoring Division
    December 14, 2022
    Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Tim Valdez as president of its factoring division. In this new role, Valdez will now oversee the strategic direction of Triumph’s factoring vertical.
  • Vestiaire Collective Secures Euro 75 Million Sustainability-linked Revolving Credit Facility
    December 13, 2022
    Luxury fashion resale platform Vestiaire Collective has signed a 75-million-euro sustainability-linked revolving credit facility (RCF) from Crédit Agricole CIB, Société Générale, HSBC Continental Europe, Bank of America and Goldman Sachs. The facility has an initial term of three years, which can be extended by two years.
  • Quasar Capital Partners Welcomes Karol Guerrero
    December 13, 2022
    Quasar Capital Partners, LLC is excited to announce that Karol Guerrero, a seasoned factoring finance executive with a superior track record of delivering results and creating value, has joined the company's leadership team as Chief Financial Officer and Controller.
  • Fundare Resources Announces Closing of $500 Million RBL Credit Facility for Upstream Redtail Business
    December 13, 2022
    Fundare Resources Company, LLC (“Fundare” or the “Company”) announced that it has entered into a credit agreement (the “Credit Agreement”) among Fundare Redtail, LLC (the “Borrower”) and a syndicate of lenders led by BOK Financial as administrative agent. KeyBanc Capital Markets served as joint lead arranger and UMB Bank served as syndication agent.
  • Summit Financial To Buy PSB Holding For $53.9 Mln Stock-for-Stock Deal
    December 13, 2022
    Following the consummation of the merger, PSB's bank subsidiary, Provident State Bank, Inc., will be merged with Summit's bank subsidiary, Summit Community Bank, Inc.
  • Winston & Strawn Represents NexPoint Storage Partners, Inc
    December 13, 2022
    Winston & Strawn represented NexPoint Storage Partners, Inc., a self-storage platform affiliated with NexPoint Advisors, in the acquisition of 29 new, well-located, and high-quality self-storage properties developed by SAFStor. The acquisition brings NexPoint Storage to a total asset value of approximately $1.7 billion with 71 wholly owned and operating properties and one additional property expected to open in February 2023.
  • SLR Equipment Finance Expands its Business Development Capabilities and Announces that Harold Amador has Joined the Company
    December 13, 2022
    SLR Equipment Finance is pleased to announce Harold Amador has joined our company as a Vendor New Business Development Officer. In his role, Harold will help grow SLR Equipment Finance’s vendor platform through commercial strategy development. Harold was most recently with Toyota Industrial Equipment in Mexico City. Harold brings many years of account development, client relations and client focus to SLR Equipment Finance.
  • F.N.B. Corporation Completes Acquisition of UB Bancorp
    December 13, 2022
    F.N.B. Corporation (NYSE: FNB) announced that it successfully completed its acquisition of Greenville, North Carolina-based UB Bancorp, including its wholly-owned banking subsidiary, Union Bank (Union). As a result of the acquisition of Union, FNB has nearly $44 billion in total assets, $29 billion in total loans and $35 billion in total deposits on a proforma basis.
  • Mercuria Successfully Closes Oversubscribed Secured Revolving Credit Facility of $3,400,000,000 in Financing for its North American Business
    December 13, 2022
    Mercuria's North American operating entities ("Mercuria" or "the Company") are pleased to announce the successful closing of its US$ 3,400,000,000 multi-year senior secured borrowing base credit facility (the "Facility"). The Facility was over-subscribed, enabling Mercuria to increase the size by US$ 100,000,000. The joint and several borrowers are Mercuria Energy America LLC, Minerva Bunkering (USA) LLC, and Mercuria Commodities Canada Corporation (the "Borrowers").
  • Sallyport Provides $1M in Financing to a Canadian Importer
    December 13, 2022
    Sallyport is delighted to confirm a combined $1,000,000 in financing for a Canadian importer of industrial pipes and flanges. The financing consists of $750,000 in accounts receivable funding and $250,000 purchase order finance, which will be utilized for ongoing working capital requirements, leaving the client free to increase their debtors and grow business in the region.
  • Assembled Brands Announces a New Facility with The Perfect Jean
    December 13, 2022
    Assembled Brands is pleased to announce a new $1MM facility with innovative denim brand The Perfect Jean. The Perfect Jean mastered making incredibly comfortable and reasonably-priced men’s denim jeans with stretch and fabric that’s wearable all day, every day. These are not your regular jeans - the product’s versatility, quality, comfort and durability differentiate these pants from the rest.
  • Applied UV Announces $5 Million Secured Revolving Credit Facility
    December 12, 2022
    -Applied UV, Inc. (NasdaqCM: AUVI) (“Applied UV” or the “Company”), a pathogen elimination technology company, announces today a $5 million secured revolving credit facility effective December 8, 2022. Borrowings under the revolving credit facility will be used for general corporate purposes and to advance Applied UV’s organic and strategic growth initiatives. The facility currently has no outstanding balance.
  • Online fashion Retailer Asos, Once a Stock Market Darling, is in Talks With Lenders About Hiring a Restructuring Expert
    December 12, 2022
    Struggling online fashion retailer Asos Plc and its lenders are discussing whether to hire a restructuring expert following the departure of its chief financial officer. A number of turnaround professionals held informal talks about a role, which would sit below executive level, but no decision has been made, according to people familiar with the matter.
  • Norwegian Cruise Line Holdings Announces Amendment and Extension of Operating Credit Facility
    December 12, 2022
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) today announced it has amended and extended the majority of its operating credit facility consisting of its senior secured revolving credit facility and senior secured term loan A facility (the “Operating Credit Facility”) on December 6, 2022
  • Edge Capital Announces Large Round of New Hires to Keep Up with its Rapid Growth Trajectory
    December 12, 2022
    Edge Capital Lending, LLC (“Edge”) announced today six new hires to support its rapid portfolio growth. Edge recognized that in this increasingly uncertain economic climate, speed and certainty to close have become even more important to its private equity and other referral partners. This recent addition of six new hires will allow Edge to continue to meet the timing and flexibility needs of its borrowers and lead sources.
  • Ritchie Bros. Amends its Credit Facilities
    December 12, 2022
    BofA Securities, Inc., RBC Capital Markets, Goldman Sachs Bank USA and Wells Fargo Securities, LLC, served as Joint Bookrunners. BofA Securities, Inc., RBC Capital Markets, Goldman Sachs Bank USA, Wells Fargo Securities, LLC, The Bank of Nova Scotia and Export Development Canada served as Joint Lead Arrangers. Royal Bank of Canada, Goldman Sachs Bank USA, Canadian Imperial Bank of Commerce, Export Development Canada, HSBC Bank Canada, MUFG Bank, Ltd., Canada Branch, The Bank of Nova Scotia, U.S. Bank National Association, Wells Fargo Bank N.A., Canadian Branch and Truist Bank served as Co-Syndication Agents. Bank of Montreal, Citizens Bank NA, Desjardins, The Toronto-Dominion Bank and Westpac Banking Corporation served as Co-Documentation Agents.
  • Cancer Drugmaker Clovis Files for Bankruptcy, hit by Falling Sales
    December 12, 2022
    U.S. drugmaker Clovis Oncology Inc (CLVS.O) on Sunday filed for bankruptcy protection in Delaware, hit by a fall in sales of its cancer drug and challenges in raising additional capital. The company has also lined up a debtor-in-possession (DIP) financing facility of up to $75 million to provide it with necessary liquidity, subject to court approval, Clovis said in a press release on Monday.
  • Gamida Cell Announces Closing of $25 Million Financing With Highbridge
    December 12, 2022
    Gamida Cell Ltd. (Nasdaq: GMDA), the global leader in the development of NAM-enabled cell therapies for patients with hematologic and solid cancers and other serious diseases, announced the closing of a senior secured convertible term loan of $25 million with certain funds managed by Highbridge Capital Management, LLC (collectively, “Highbridge”).
  • Eclipse Business Capital Provides $100mm Revolving Credit Facility to BJ Energy Solutions
    December 12, 2022
    Eclipse Business Capital LLC (“EBC”) announced today that it has provided a $100 million senior secured revolving credit facility to BJ Energy Solutions. The credit facility is secured by accounts receivable and real estate. The transaction was used to refinance outstanding debt and to fund capital expenditures needed for the growth and expansion of next generation fleets.
  • SLR Healthcare ABL Provides Financing to Men's Primary Healthcare Provider
    December 14, 2022
    SLR Healthcare ABL is pleased to announce it provided a $3 million asset-based revolving line of credit to a men's primary healthcare provider in November 2022.
  • Triumph Appoints Tim Valdez President of Factoring Division
    December 14, 2022
    Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Tim Valdez as president of its factoring division. In this new role, Valdez will now oversee the strategic direction of Triumph’s factoring vertical.
  • Vestiaire Collective Secures Euro 75 Million Sustainability-linked Revolving Credit Facility
    December 13, 2022
    Luxury fashion resale platform Vestiaire Collective has signed a 75-million-euro sustainability-linked revolving credit facility (RCF) from Crédit Agricole CIB, Société Générale, HSBC Continental Europe, Bank of America and Goldman Sachs. The facility has an initial term of three years, which can be extended by two years.
  • Quasar Capital Partners Welcomes Karol Guerrero
    December 13, 2022
    Quasar Capital Partners, LLC is excited to announce that Karol Guerrero, a seasoned factoring finance executive with a superior track record of delivering results and creating value, has joined the company's leadership team as Chief Financial Officer and Controller.
  • Fundare Resources Announces Closing of $500 Million RBL Credit Facility for Upstream Redtail Business
    December 13, 2022
    Fundare Resources Company, LLC (“Fundare” or the “Company”) announced that it has entered into a credit agreement (the “Credit Agreement”) among Fundare Redtail, LLC (the “Borrower”) and a syndicate of lenders led by BOK Financial as administrative agent. KeyBanc Capital Markets served as joint lead arranger and UMB Bank served as syndication agent.
  • Summit Financial To Buy PSB Holding For $53.9 Mln Stock-for-Stock Deal
    December 13, 2022
    Following the consummation of the merger, PSB's bank subsidiary, Provident State Bank, Inc., will be merged with Summit's bank subsidiary, Summit Community Bank, Inc.
  • Winston & Strawn Represents NexPoint Storage Partners, Inc
    December 13, 2022
    Winston & Strawn represented NexPoint Storage Partners, Inc., a self-storage platform affiliated with NexPoint Advisors, in the acquisition of 29 new, well-located, and high-quality self-storage properties developed by SAFStor. The acquisition brings NexPoint Storage to a total asset value of approximately $1.7 billion with 71 wholly owned and operating properties and one additional property expected to open in February 2023.
  • SLR Equipment Finance Expands its Business Development Capabilities and Announces that Harold Amador has Joined the Company
    December 13, 2022
    SLR Equipment Finance is pleased to announce Harold Amador has joined our company as a Vendor New Business Development Officer. In his role, Harold will help grow SLR Equipment Finance’s vendor platform through commercial strategy development. Harold was most recently with Toyota Industrial Equipment in Mexico City. Harold brings many years of account development, client relations and client focus to SLR Equipment Finance.
  • F.N.B. Corporation Completes Acquisition of UB Bancorp
    December 13, 2022
    F.N.B. Corporation (NYSE: FNB) announced that it successfully completed its acquisition of Greenville, North Carolina-based UB Bancorp, including its wholly-owned banking subsidiary, Union Bank (Union). As a result of the acquisition of Union, FNB has nearly $44 billion in total assets, $29 billion in total loans and $35 billion in total deposits on a proforma basis.
  • Mercuria Successfully Closes Oversubscribed Secured Revolving Credit Facility of $3,400,000,000 in Financing for its North American Business
    December 13, 2022
    Mercuria's North American operating entities ("Mercuria" or "the Company") are pleased to announce the successful closing of its US$ 3,400,000,000 multi-year senior secured borrowing base credit facility (the "Facility"). The Facility was over-subscribed, enabling Mercuria to increase the size by US$ 100,000,000. The joint and several borrowers are Mercuria Energy America LLC, Minerva Bunkering (USA) LLC, and Mercuria Commodities Canada Corporation (the "Borrowers").
  • Sallyport Provides $1M in Financing to a Canadian Importer
    December 13, 2022
    Sallyport is delighted to confirm a combined $1,000,000 in financing for a Canadian importer of industrial pipes and flanges. The financing consists of $750,000 in accounts receivable funding and $250,000 purchase order finance, which will be utilized for ongoing working capital requirements, leaving the client free to increase their debtors and grow business in the region.
  • Assembled Brands Announces a New Facility with The Perfect Jean
    December 13, 2022
    Assembled Brands is pleased to announce a new $1MM facility with innovative denim brand The Perfect Jean. The Perfect Jean mastered making incredibly comfortable and reasonably-priced men’s denim jeans with stretch and fabric that’s wearable all day, every day. These are not your regular jeans - the product’s versatility, quality, comfort and durability differentiate these pants from the rest.
  • Applied UV Announces $5 Million Secured Revolving Credit Facility
    December 12, 2022
    -Applied UV, Inc. (NasdaqCM: AUVI) (“Applied UV” or the “Company”), a pathogen elimination technology company, announces today a $5 million secured revolving credit facility effective December 8, 2022. Borrowings under the revolving credit facility will be used for general corporate purposes and to advance Applied UV’s organic and strategic growth initiatives. The facility currently has no outstanding balance.
  • Online fashion Retailer Asos, Once a Stock Market Darling, is in Talks With Lenders About Hiring a Restructuring Expert
    December 12, 2022
    Struggling online fashion retailer Asos Plc and its lenders are discussing whether to hire a restructuring expert following the departure of its chief financial officer. A number of turnaround professionals held informal talks about a role, which would sit below executive level, but no decision has been made, according to people familiar with the matter.
  • Norwegian Cruise Line Holdings Announces Amendment and Extension of Operating Credit Facility
    December 12, 2022
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) today announced it has amended and extended the majority of its operating credit facility consisting of its senior secured revolving credit facility and senior secured term loan A facility (the “Operating Credit Facility”) on December 6, 2022
  • Edge Capital Announces Large Round of New Hires to Keep Up with its Rapid Growth Trajectory
    December 12, 2022
    Edge Capital Lending, LLC (“Edge”) announced today six new hires to support its rapid portfolio growth. Edge recognized that in this increasingly uncertain economic climate, speed and certainty to close have become even more important to its private equity and other referral partners. This recent addition of six new hires will allow Edge to continue to meet the timing and flexibility needs of its borrowers and lead sources.
  • Ritchie Bros. Amends its Credit Facilities
    December 12, 2022
    BofA Securities, Inc., RBC Capital Markets, Goldman Sachs Bank USA and Wells Fargo Securities, LLC, served as Joint Bookrunners. BofA Securities, Inc., RBC Capital Markets, Goldman Sachs Bank USA, Wells Fargo Securities, LLC, The Bank of Nova Scotia and Export Development Canada served as Joint Lead Arrangers. Royal Bank of Canada, Goldman Sachs Bank USA, Canadian Imperial Bank of Commerce, Export Development Canada, HSBC Bank Canada, MUFG Bank, Ltd., Canada Branch, The Bank of Nova Scotia, U.S. Bank National Association, Wells Fargo Bank N.A., Canadian Branch and Truist Bank served as Co-Syndication Agents. Bank of Montreal, Citizens Bank NA, Desjardins, The Toronto-Dominion Bank and Westpac Banking Corporation served as Co-Documentation Agents.
  • Cancer Drugmaker Clovis Files for Bankruptcy, hit by Falling Sales
    December 12, 2022
    U.S. drugmaker Clovis Oncology Inc (CLVS.O) on Sunday filed for bankruptcy protection in Delaware, hit by a fall in sales of its cancer drug and challenges in raising additional capital. The company has also lined up a debtor-in-possession (DIP) financing facility of up to $75 million to provide it with necessary liquidity, subject to court approval, Clovis said in a press release on Monday.
  • Gamida Cell Announces Closing of $25 Million Financing With Highbridge
    December 12, 2022
    Gamida Cell Ltd. (Nasdaq: GMDA), the global leader in the development of NAM-enabled cell therapies for patients with hematologic and solid cancers and other serious diseases, announced the closing of a senior secured convertible term loan of $25 million with certain funds managed by Highbridge Capital Management, LLC (collectively, “Highbridge”).
  • Eclipse Business Capital Provides $100mm Revolving Credit Facility to BJ Energy Solutions
    December 12, 2022
    Eclipse Business Capital LLC (“EBC”) announced today that it has provided a $100 million senior secured revolving credit facility to BJ Energy Solutions. The credit facility is secured by accounts receivable and real estate. The transaction was used to refinance outstanding debt and to fund capital expenditures needed for the growth and expansion of next generation fleets.