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Banc of California Announces Executive Promotions and a Retirement
December 20, 2022Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the promotions of several senior executives effective January 1, 2023. The Company also announced the retirement of Lynn Sullivan as the Company’s Executive Vice President and Chief Risk Officer, effective as of year-end, following a distinguished career in banking and exceptional service to the Bank. Ms. Sullivan will serve as a consultant to the Bank for a six-month transition period
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Superior Industries Announces Refinancing
December 19, 2022Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) provided the capital for a new $400 million Senior Secured Term Loan maturing December 15, 2028. J.P. Morgan Chase Bank is Agent for a new $60 million Revolving Credit Facility maturing on December 15, 2027.
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ASK Chemicals Refinances Senior Credit Facilities
December 19, 2022ASK Chemicals, a leading global supplier of high-performance industrial resins and materials, today announced that it has signed definitive agreements to refinance the company's existing senior secured credit facilities; consisting of a €190m senior secured term loan facility and a €25m senior secured multi-currency revolving credit facility. Goldman Sachs Bank Europe SE acted as sole mandated lead arranger and bookrunner on the financing.
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Configure Partners Advises Hidden Harbor Capital Partners on its Acquisition Financing for Inspire Aesthetics LLC
December 19, 2022Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor”) in securing committed debt capital to support Hidden Harbor’s acquisition of Inspire Aesthetics, LLC (“Inspire Aesthetics”), a leading network of plastic surgery and aesthetics centers in South Florida.
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Evelo Biosciences Announces $45 Million Loan Agreement with Horizon Technology Finance Corporation to Refinance Existing Debt
December 19, 2022Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered medicines acting on the small intestinal axis, SINTAX, today announced it has entered into a senior secured loan agreement with Horizon Technology Finance Corporation (Horizon) (Nasdaq: HRZN), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and sustainability industries.
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Synovus Names New Enterprise and Operational Risk Executive Director
December 19, 2022Synovus Financial Corp. (NYSE: SNV) today announced the hiring of Michael Colasso as the company’s new enterprise and operational risk executive director. Colasso reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia.
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Wastequip Extends Senior Secured Revolving Credit Facility
December 19, 2022Wastequip, the leading North American manufacturer of waste handling equipment, today announced it has successfully completed an amendment and extension of its senior secured revolving credit facility. As a result of the transaction, Wastequip's revolving lenders have agreed to extend the maturity of commitments totaling $45 million by 18 months to September 20, 2024.
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CE Brands Enters Into Financing Arrangement for a $12 Million Secured Credit Facility and Appoints new CFO
December 19, 2022CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, today announced that it has entered into a binding financing arrangement with Vesta Wealth Partners Ltd. (“Vesta”), pursuant to which Vesta will provide a secured revolving credit facility of up to CA$12,000,000 (or US dollar equivalent) to the Company (the “Credit Facility”) to be used for the working capital needs of the Company.
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SLR Digital Finance Closes $5 Million Credit Facility for Audigent, the leading Data Curation Platform
December 19, 2022SLR Digital Finance LLC (“SLR Digital Finance”) announces the funding of a $5 million credit facility for Audigent, the leading data activation, curation and identity platform for the media industry. Audigent’s next-generation curated marketplaces – SmartPMPs™, ContextualPMPs™, and CognitivePMPs™ – are revolutionizing how data and identity are actioned across programmatic media channels.
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Wells Fargo Introduces Emerging Middle Market Offering to Metro NY/NJ Area
December 19, 2022Wells Fargo & Co. launched a new segment in the region to serve businesses in the $10 million to $75 million range. The San Francisco-based financial services company announced the launch of its emerging middle market segment within its Metro NY/NJ commercial team Dec. 15, along with leaders for each of the neighboring states.
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First Business Bank’s Asset-Based Lending Group Funds $9.2 Million Credit Facility
December 19, 2022Mike Colloton, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $9.2 million revolving line of credit, equipment term loan, and structured overadvance for the acquisition of a manufacturer of home building supplies.
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MidCap Financial Closes Senior Secured Credit Facility to Mervin Manufacturing
December 19, 2022MidCap Financial (“MidCap”), a leading commercial finance company focused on middle market transactions, announced this week it has provided a $10 million revolving line of credit and $5 million senior secured term loan to Mervin Manufacturing, Inc. (“Mervin”).
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DSD Closes $155 Million Financing for First-of-its-Kind ABS with Community Solar
December 19, 2022DSD Renewables (DSD) has raised $155 million in debt financing for the first commercial and industrial (C&I) solar asset-backed securitization (ABS) with a significant concentration of community solar assets. The transaction, which is DSD’s first issuance of asset-backed securities, was structured and underwritten by Credit Suisse Securities (USA) LLC.
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AustralianSuper and Churchill Asset Management announce new lending partnership
December 19, 2022AustralianSuper, Australia's largest superannuation (pension) fund, today announced a new partnership with Churchill Asset Management ('Churchill'), with an initial instalment of US$250 million, intended to grow substantially over time. The partnership will invest in traditional senior and unitranche loans to private equity-backed U.S. middle market companies.
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TD Bank Names Sheryl McQuade to Lead New England Metro
December 19, 2022TD Bank, America's Most Convenient Bank®, announced today that it has named Sheryl L. McQuade as the Regional President of its New England Metro. In this role, McQuade will lead TD Bank’s New England consumer and small business, commercial, and middle-market banking and lending services throughout a network of approximately 310 stores and nearly 2,900 employees in the greater New England region.
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Bridge Bank Provides Xeal $10 Million Line of Credit to Support Continued Development of Self-Reliant EV Charging Network
December 19, 2022Bridge Bank today announced it closed a $10 million line of credit, back in October, to fuel the growth of Xeal, a technology company that’s making electric vehicle (EV) charging more reliable and accessible for building developers and owners in addition to EV owners.
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CIBC Innovation Banking Leads $45 Million Syndicated Debt Facility for Azalea Health
December 19, 2022CIBC Innovation Banking is pleased to announce the lead arrangement of a $45 million syndicated debt financing for Atlanta-based Azalea Health, a leading provider of electronic health records and revenue cycle management for community-based healthcare providers.
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CIBC Asset Management Expands Strategic Relationship with Ares Management to Include Private Credit Français
December 19, 2022CIBC (TSX: CM) (NYSE: CM) Asset Management today announced that it is expanding its strategic relationship with Ares Management Corporation ("Ares") (NYSE: ARES) to add strategies that invest in global private credit markets. Ares is currently the sub-advisor to the Renaissance Floating Rate Income Fund.
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B. Riley Financial Issues Open Letter to Core Scientific Investors
December 19, 2022B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), a diversified financial services platform which is one of the largest creditors of Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or "the Company"), today issued an open letter to Core Scientific shareholders and lenders.
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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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Banc of California Announces Executive Promotions and a Retirement
December 20, 2022Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the promotions of several senior executives effective January 1, 2023. The Company also announced the retirement of Lynn Sullivan as the Company’s Executive Vice President and Chief Risk Officer, effective as of year-end, following a distinguished career in banking and exceptional service to the Bank. Ms. Sullivan will serve as a consultant to the Bank for a six-month transition period
-
Superior Industries Announces Refinancing
December 19, 2022Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) provided the capital for a new $400 million Senior Secured Term Loan maturing December 15, 2028. J.P. Morgan Chase Bank is Agent for a new $60 million Revolving Credit Facility maturing on December 15, 2027.
-
ASK Chemicals Refinances Senior Credit Facilities
December 19, 2022ASK Chemicals, a leading global supplier of high-performance industrial resins and materials, today announced that it has signed definitive agreements to refinance the company's existing senior secured credit facilities; consisting of a €190m senior secured term loan facility and a €25m senior secured multi-currency revolving credit facility. Goldman Sachs Bank Europe SE acted as sole mandated lead arranger and bookrunner on the financing.
-
Configure Partners Advises Hidden Harbor Capital Partners on its Acquisition Financing for Inspire Aesthetics LLC
December 19, 2022Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor”) in securing committed debt capital to support Hidden Harbor’s acquisition of Inspire Aesthetics, LLC (“Inspire Aesthetics”), a leading network of plastic surgery and aesthetics centers in South Florida.
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Evelo Biosciences Announces $45 Million Loan Agreement with Horizon Technology Finance Corporation to Refinance Existing Debt
December 19, 2022Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered medicines acting on the small intestinal axis, SINTAX, today announced it has entered into a senior secured loan agreement with Horizon Technology Finance Corporation (Horizon) (Nasdaq: HRZN), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and sustainability industries.
-
Synovus Names New Enterprise and Operational Risk Executive Director
December 19, 2022Synovus Financial Corp. (NYSE: SNV) today announced the hiring of Michael Colasso as the company’s new enterprise and operational risk executive director. Colasso reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia.
-
Wastequip Extends Senior Secured Revolving Credit Facility
December 19, 2022Wastequip, the leading North American manufacturer of waste handling equipment, today announced it has successfully completed an amendment and extension of its senior secured revolving credit facility. As a result of the transaction, Wastequip's revolving lenders have agreed to extend the maturity of commitments totaling $45 million by 18 months to September 20, 2024.
-
CE Brands Enters Into Financing Arrangement for a $12 Million Secured Credit Facility and Appoints new CFO
December 19, 2022CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, today announced that it has entered into a binding financing arrangement with Vesta Wealth Partners Ltd. (“Vesta”), pursuant to which Vesta will provide a secured revolving credit facility of up to CA$12,000,000 (or US dollar equivalent) to the Company (the “Credit Facility”) to be used for the working capital needs of the Company.
-
SLR Digital Finance Closes $5 Million Credit Facility for Audigent, the leading Data Curation Platform
December 19, 2022SLR Digital Finance LLC (“SLR Digital Finance”) announces the funding of a $5 million credit facility for Audigent, the leading data activation, curation and identity platform for the media industry. Audigent’s next-generation curated marketplaces – SmartPMPs™, ContextualPMPs™, and CognitivePMPs™ – are revolutionizing how data and identity are actioned across programmatic media channels.
-
Wells Fargo Introduces Emerging Middle Market Offering to Metro NY/NJ Area
December 19, 2022Wells Fargo & Co. launched a new segment in the region to serve businesses in the $10 million to $75 million range. The San Francisco-based financial services company announced the launch of its emerging middle market segment within its Metro NY/NJ commercial team Dec. 15, along with leaders for each of the neighboring states.
-
First Business Bank’s Asset-Based Lending Group Funds $9.2 Million Credit Facility
December 19, 2022Mike Colloton, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $9.2 million revolving line of credit, equipment term loan, and structured overadvance for the acquisition of a manufacturer of home building supplies.
-
MidCap Financial Closes Senior Secured Credit Facility to Mervin Manufacturing
December 19, 2022MidCap Financial (“MidCap”), a leading commercial finance company focused on middle market transactions, announced this week it has provided a $10 million revolving line of credit and $5 million senior secured term loan to Mervin Manufacturing, Inc. (“Mervin”).
-
DSD Closes $155 Million Financing for First-of-its-Kind ABS with Community Solar
December 19, 2022DSD Renewables (DSD) has raised $155 million in debt financing for the first commercial and industrial (C&I) solar asset-backed securitization (ABS) with a significant concentration of community solar assets. The transaction, which is DSD’s first issuance of asset-backed securities, was structured and underwritten by Credit Suisse Securities (USA) LLC.
-
AustralianSuper and Churchill Asset Management announce new lending partnership
December 19, 2022AustralianSuper, Australia's largest superannuation (pension) fund, today announced a new partnership with Churchill Asset Management ('Churchill'), with an initial instalment of US$250 million, intended to grow substantially over time. The partnership will invest in traditional senior and unitranche loans to private equity-backed U.S. middle market companies.
-
TD Bank Names Sheryl McQuade to Lead New England Metro
December 19, 2022TD Bank, America's Most Convenient Bank®, announced today that it has named Sheryl L. McQuade as the Regional President of its New England Metro. In this role, McQuade will lead TD Bank’s New England consumer and small business, commercial, and middle-market banking and lending services throughout a network of approximately 310 stores and nearly 2,900 employees in the greater New England region.
-
Bridge Bank Provides Xeal $10 Million Line of Credit to Support Continued Development of Self-Reliant EV Charging Network
December 19, 2022Bridge Bank today announced it closed a $10 million line of credit, back in October, to fuel the growth of Xeal, a technology company that’s making electric vehicle (EV) charging more reliable and accessible for building developers and owners in addition to EV owners.
-
CIBC Innovation Banking Leads $45 Million Syndicated Debt Facility for Azalea Health
December 19, 2022CIBC Innovation Banking is pleased to announce the lead arrangement of a $45 million syndicated debt financing for Atlanta-based Azalea Health, a leading provider of electronic health records and revenue cycle management for community-based healthcare providers.
-
CIBC Asset Management Expands Strategic Relationship with Ares Management to Include Private Credit Français
December 19, 2022CIBC (TSX: CM) (NYSE: CM) Asset Management today announced that it is expanding its strategic relationship with Ares Management Corporation ("Ares") (NYSE: ARES) to add strategies that invest in global private credit markets. Ares is currently the sub-advisor to the Renaissance Floating Rate Income Fund.
-
B. Riley Financial Issues Open Letter to Core Scientific Investors
December 19, 2022B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), a diversified financial services platform which is one of the largest creditors of Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or "the Company"), today issued an open letter to Core Scientific shareholders and lenders.
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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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