• Kin Secures $145 Million in Debt Financing to Fuel Continued Growth
    October 31, 2022
    -Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital LLC (“Runway”) and the Avenue Venture Opportunities Fund, L.P. ("Avenue Venture Debt Fund" or "Avenue"), provides Kin with additional capital to support the expansion of the Kin Interinsurance Network, a reciprocal exchange.
  • Cynergy Business Finance Named Asset Based Lending Team of the Year
    October 31, 2022
    After a record start for the business, Cynergy Business Finance (CBF) has been named Asset Based Lending Team of the Year at Insider’s North West Dealmakers Awards. Despite having only operated for 10 months during the qualifying period, the judges commended the exceptional growth of the business, describing it as a ‘knockout performance’ for the Manchester-based team
  • Harbor Group International Provides Senior Mezzanine Loan for Manhattan Medical Office Development
    October 31, 2022
    Harbor Group International, LLC ("HGI"), a privately-owned international real estate investment and management firm, today announced it has provided a $90 million senior mezzanine loan to Extell Development Company ("Extell") to finance the construction of 1520 First Avenue, a 30-story, 420,000 rentable square foot office building in Manhattan's Upper East Side.
  • Wainio Joins First National Bank as Senior Relationship Manager
    October 31, 2022
    First National Bank, the largest subsidiary of F.N.B. Corporation, announced this week that it has hired Richard Wainio as senior vice president and senior relationship manager for its Business Credit group, based in the Cleveland Region.
  • Fortress Investment Group Ranked 2nd Fastest-Growing Alternative Investment Brand in 2022 Alts 50 Report by Peregrine Communications
    October 31, 2022
    Fortress Investment Group LLC (“Fortress”) was ranked as the 2nd fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications. The report provides a qualitative and quantitative assessment of the integrated marketing and communications activities of the world’s 50 largest alternative investment managers (measured by assets under management).
  • Cambridge Savings Bank Provides Artist & Craftsman Supply with a $4 Million Revolving Line of Credit to Pursue Strategic Growth Initiatives
    October 31, 2022
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that its Asset-Based Lending team provided a $4 million revolving line of credit to Artist & Craftsman Supply (A&C), a national provider of arts and crafts supplies headquartered in Portland, Maine.
  • eCapital Provides $20MM Working Capital Line of Credit to Popular Consumer Packaged Goods Company
    October 31, 2022
    eCapital Corp. (“eCapital”), a leading finance provider for businesses across North America and the U.K., today announced the recent closure of a $20 million working capital line of credit to a prominent consumer packaged goods (CPG) company in the natural odor elimination category.
  • CEOs Offer a Contrarian View Remaining Moderately Optimistic about Company Outlook
    October 31, 2022
    In the latest Fortune/Deloitte CEO Survey, CEOs share more modest growth expectations over the next 12 months, fine-tuning strategies around talent, workplace, and technology models to adapt to new conditions.
  • B. Riley Securities Expands Healthcare & Life Sciences Investment Banking
    October 31, 2022
    B. Riley Securities, Inc., a leading full service investment bank and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), today announced it has added a team of nine experienced Healthcare and Life Sciences professionals from Huron Transaction Advisory LLC ("Huron"). Veteran investment bankers, James Metcalf and Benjamin Matz, have joined B. Riley Securities along with a team of investment banking professionals with significant expertise that further fortifies the firm's Healthcare and Life Sciences practice.
  • Solifi Selected for Great Places to Work List by The Secured Lender
    October 31, 2022
    Solifi™, a global fintech software partner for secured finance, announced The Secured Lender named Solifi to its inaugural 2022 Great Places to Work list. This recognition is testament to Solifi’s commitment in attracting and retaining talent through a range of initiatives, including an entrepreneurial company culture, competitive compensation, diversity, equity, and inclusion (DEI), work-life balance, and attractive perks.
  • Verano Refinances $350 Million Credit Facility with Significant Optionality to Bolster Strategic Growth Plans
    October 31, 2022
    Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced it has entered into a credit agreement to refinance its existing $350 million credit facility, extending the maturity date to October 30, 2026. The refinanced indebtedness bears interest at a floating rate based on the prime rate, with a current rate of 12.75% per annum.
  • CloudPay Raises $50 Million and Reports Growth as Payroll Evolution Continues
    October 31, 2022
    Expert in global pay solutions, CloudPay, has raised a new $50 million round of capital while recording strong growth as demand for cloud-based integrated global payroll and payments services continues. The funds raised were led by Runway Growth Capital and The Olayan Group.
  • Republic Bank Expands its Cincinnati Footprint with the Acquisition of CBank
    October 31, 2022
    Republic Bancorp, Inc. (NASDAQ: RBCAA) (“Republic” or the “Company”), the parent company of Republic Bank & Trust Company (“Republic Bank” or the “Bank”), and Cincinnati-based CBank (www.cbankusa.com) today announced the signing of an Agreement and Plan of Merger (the “Agreement”) under which Republic will acquire CBank and its wholly-owned subsidiary, Commercial Industrial Finance, Inc. (“CIF”). CIF, which is headquartered in St. Louis, Missouri, provides equipment leasing and financing to businesses nationwide.
  • Pathward Financial, Inc. Announces 2023 CFO Succession Plan
    October 31, 2022
    Pathward Financial, Inc.™ ("Pathward Financial" the “Company”) (Nasdaq: CASH) today announced that Sonja Theisen, 41, currently Executive Vice President, Governance, Risk and Compliance, will succeed Glen W. Herrick, 60, as Chief Financial Officer, effective April 30, 2023.
  • J D Factors Announces Factoring Facilities
    October 31, 2022
    J D Factors announced it has provided the following factoring facilities: $120,000 to a transportation company in New Jersey; $100,000 to a transportation company in Kentucky; $100,000 to a transportation company in Ontario; $1,000,000 to a transportation company in Illinois.
  • BHI Provides $42.5 Million Financing For TL Management
    October 31, 2022
    BHI, a full-service commercial bank, announced that it has closed on a $42.5 million term loan for TL Management, a company that owns skilled nursing facilities across the country.
  • Comvest Credit Partners Announces $400 Million Credit Facility for Beyond Finance
    October 27, 2022
    -- Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it has acted as Administrative Agent on a $400 million senior secured credit facility (the “Financing”) to Beyond Finance (the “Company”), a Houston-based provider of success fee-based debt resolution services that has been part of Comvest’s Direct Lending portfolio since 2019.
  • Gordon Brothers Completes Armstrong Flooring Purchase
    October 27, 2022
    Gordon Brothers, the global advisory, restructuring and investment firm, has completed the purchase of a substantial portion of Armstrong Flooring Inc.’s assets. Gordon Brothers purchased a majority of the flooring products manufacturer’s existing inventory and partnered with Vion Investments to purchase the accounts receivable to effect the wind down of the business and operations that did not move forward.
  • TD Bank Names Gregory Carlisle Commercial Market President for South / Coastal New Jersey
    October 27, 2022
    TD Bank, America's Most Convenient Bank®, announced it has appointed Gregory Carlisle as its Commercial Market President for South Jersey/Coastal New Jersey. He succeeds Robert Curley III, following his move to Regional President of the Pennsylvania and New Jersey Metro.
  • Modiv Announces Expanded $400 Million Credit Facility
    October 27, 2022
    Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns, and manages a diversified portfolio of single-tenant net-lease real estate properties, announced that it successfully exercised the accordion feature of its Credit Facility on October 21, 2022. The Credit Facility was increased to $400 million and is now comprised of a $150 million revolving credit facility (the “Revolver”) and a $250 million term loan (the “Term Loan”) (together, the “Credit Facility”).
  • Kin Secures $145 Million in Debt Financing to Fuel Continued Growth
    October 31, 2022
    -Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital LLC (“Runway”) and the Avenue Venture Opportunities Fund, L.P. ("Avenue Venture Debt Fund" or "Avenue"), provides Kin with additional capital to support the expansion of the Kin Interinsurance Network, a reciprocal exchange.
  • Cynergy Business Finance Named Asset Based Lending Team of the Year
    October 31, 2022
    After a record start for the business, Cynergy Business Finance (CBF) has been named Asset Based Lending Team of the Year at Insider’s North West Dealmakers Awards. Despite having only operated for 10 months during the qualifying period, the judges commended the exceptional growth of the business, describing it as a ‘knockout performance’ for the Manchester-based team
  • Harbor Group International Provides Senior Mezzanine Loan for Manhattan Medical Office Development
    October 31, 2022
    Harbor Group International, LLC ("HGI"), a privately-owned international real estate investment and management firm, today announced it has provided a $90 million senior mezzanine loan to Extell Development Company ("Extell") to finance the construction of 1520 First Avenue, a 30-story, 420,000 rentable square foot office building in Manhattan's Upper East Side.
  • Wainio Joins First National Bank as Senior Relationship Manager
    October 31, 2022
    First National Bank, the largest subsidiary of F.N.B. Corporation, announced this week that it has hired Richard Wainio as senior vice president and senior relationship manager for its Business Credit group, based in the Cleveland Region.
  • Fortress Investment Group Ranked 2nd Fastest-Growing Alternative Investment Brand in 2022 Alts 50 Report by Peregrine Communications
    October 31, 2022
    Fortress Investment Group LLC (“Fortress”) was ranked as the 2nd fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications. The report provides a qualitative and quantitative assessment of the integrated marketing and communications activities of the world’s 50 largest alternative investment managers (measured by assets under management).
  • Cambridge Savings Bank Provides Artist & Craftsman Supply with a $4 Million Revolving Line of Credit to Pursue Strategic Growth Initiatives
    October 31, 2022
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that its Asset-Based Lending team provided a $4 million revolving line of credit to Artist & Craftsman Supply (A&C), a national provider of arts and crafts supplies headquartered in Portland, Maine.
  • eCapital Provides $20MM Working Capital Line of Credit to Popular Consumer Packaged Goods Company
    October 31, 2022
    eCapital Corp. (“eCapital”), a leading finance provider for businesses across North America and the U.K., today announced the recent closure of a $20 million working capital line of credit to a prominent consumer packaged goods (CPG) company in the natural odor elimination category.
  • CEOs Offer a Contrarian View Remaining Moderately Optimistic about Company Outlook
    October 31, 2022
    In the latest Fortune/Deloitte CEO Survey, CEOs share more modest growth expectations over the next 12 months, fine-tuning strategies around talent, workplace, and technology models to adapt to new conditions.
  • B. Riley Securities Expands Healthcare & Life Sciences Investment Banking
    October 31, 2022
    B. Riley Securities, Inc., a leading full service investment bank and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), today announced it has added a team of nine experienced Healthcare and Life Sciences professionals from Huron Transaction Advisory LLC ("Huron"). Veteran investment bankers, James Metcalf and Benjamin Matz, have joined B. Riley Securities along with a team of investment banking professionals with significant expertise that further fortifies the firm's Healthcare and Life Sciences practice.
  • Solifi Selected for Great Places to Work List by The Secured Lender
    October 31, 2022
    Solifi™, a global fintech software partner for secured finance, announced The Secured Lender named Solifi to its inaugural 2022 Great Places to Work list. This recognition is testament to Solifi’s commitment in attracting and retaining talent through a range of initiatives, including an entrepreneurial company culture, competitive compensation, diversity, equity, and inclusion (DEI), work-life balance, and attractive perks.
  • Verano Refinances $350 Million Credit Facility with Significant Optionality to Bolster Strategic Growth Plans
    October 31, 2022
    Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced it has entered into a credit agreement to refinance its existing $350 million credit facility, extending the maturity date to October 30, 2026. The refinanced indebtedness bears interest at a floating rate based on the prime rate, with a current rate of 12.75% per annum.
  • CloudPay Raises $50 Million and Reports Growth as Payroll Evolution Continues
    October 31, 2022
    Expert in global pay solutions, CloudPay, has raised a new $50 million round of capital while recording strong growth as demand for cloud-based integrated global payroll and payments services continues. The funds raised were led by Runway Growth Capital and The Olayan Group.
  • Republic Bank Expands its Cincinnati Footprint with the Acquisition of CBank
    October 31, 2022
    Republic Bancorp, Inc. (NASDAQ: RBCAA) (“Republic” or the “Company”), the parent company of Republic Bank & Trust Company (“Republic Bank” or the “Bank”), and Cincinnati-based CBank (www.cbankusa.com) today announced the signing of an Agreement and Plan of Merger (the “Agreement”) under which Republic will acquire CBank and its wholly-owned subsidiary, Commercial Industrial Finance, Inc. (“CIF”). CIF, which is headquartered in St. Louis, Missouri, provides equipment leasing and financing to businesses nationwide.
  • Pathward Financial, Inc. Announces 2023 CFO Succession Plan
    October 31, 2022
    Pathward Financial, Inc.™ ("Pathward Financial" the “Company”) (Nasdaq: CASH) today announced that Sonja Theisen, 41, currently Executive Vice President, Governance, Risk and Compliance, will succeed Glen W. Herrick, 60, as Chief Financial Officer, effective April 30, 2023.
  • J D Factors Announces Factoring Facilities
    October 31, 2022
    J D Factors announced it has provided the following factoring facilities: $120,000 to a transportation company in New Jersey; $100,000 to a transportation company in Kentucky; $100,000 to a transportation company in Ontario; $1,000,000 to a transportation company in Illinois.
  • BHI Provides $42.5 Million Financing For TL Management
    October 31, 2022
    BHI, a full-service commercial bank, announced that it has closed on a $42.5 million term loan for TL Management, a company that owns skilled nursing facilities across the country.
  • Comvest Credit Partners Announces $400 Million Credit Facility for Beyond Finance
    October 27, 2022
    -- Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it has acted as Administrative Agent on a $400 million senior secured credit facility (the “Financing”) to Beyond Finance (the “Company”), a Houston-based provider of success fee-based debt resolution services that has been part of Comvest’s Direct Lending portfolio since 2019.
  • Gordon Brothers Completes Armstrong Flooring Purchase
    October 27, 2022
    Gordon Brothers, the global advisory, restructuring and investment firm, has completed the purchase of a substantial portion of Armstrong Flooring Inc.’s assets. Gordon Brothers purchased a majority of the flooring products manufacturer’s existing inventory and partnered with Vion Investments to purchase the accounts receivable to effect the wind down of the business and operations that did not move forward.
  • TD Bank Names Gregory Carlisle Commercial Market President for South / Coastal New Jersey
    October 27, 2022
    TD Bank, America's Most Convenient Bank®, announced it has appointed Gregory Carlisle as its Commercial Market President for South Jersey/Coastal New Jersey. He succeeds Robert Curley III, following his move to Regional President of the Pennsylvania and New Jersey Metro.
  • Modiv Announces Expanded $400 Million Credit Facility
    October 27, 2022
    Modiv Inc. (“Modiv” or the “Company”) (NYSE:MDV), an internally managed real estate investment trust (“REIT”) that acquires, owns, and manages a diversified portfolio of single-tenant net-lease real estate properties, announced that it successfully exercised the accordion feature of its Credit Facility on October 21, 2022. The Credit Facility was increased to $400 million and is now comprised of a $150 million revolving credit facility (the “Revolver”) and a $250 million term loan (the “Term Loan”) (together, the “Credit Facility”).