Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First Citizens Bank (“SVB Facility”), of $14.0 million to support higher working capital requirements related to increased customer demand.

Minto has drawn down a further US$1.5 million under its existing prepayment facility (the "Sumitomo Facility") with Sumitomo Canada Limited ("Sumitomo") pursuant to the amended and restated prepayment facility agreement dated May 16, 2022 entered into between the Company and Sumitomo (the "Sumitomo Facilty Agreement"), bringing the total amount of funds advanced by Sumtiomo under the Sumitomo Facility to US$12.5 million.

Global law firm White & Case LLP, alongside lead US counsel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, has advised Tenneco, a portfolio company of Apollo Global Management and leading designer, manufacturer and marketer of automotive products for OEM and aftermarket customers, on the establishment of an asset-based credit facility consisting of aggregate commitments totaling approximately US$1.2 billion.

Even if MRC Global does not enter into a refinancing transaction in the future, MRC Global is confident that it could repay the Term Loan debt utilizing its asset-based lending (ABL) facility and cash generated from its operations.

The survey of more than 1,000 business owners across the country found that, despite the continued impact of inflation and supply chain issues, 65% of business owners anticipate revenue growth in the next 12 months

Celtic Capital provided a $616,000 equipment loan, which coupled with the other lender’s facility, provided enough money to pay off the company’s existing bank and fund a settlement agreement whereby the majority owner bought out the minority owner.

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with approximately $3.5 billion in assets under management (committed capital including debt facilities as of 3/31/2023) focused on generating systematic excess risk-adjusted returns by investing in the less efficient “lower middle-market” of established, private small and medium-sized businesses in North America, is pleased to announce that Leanne Schmitt has joined as a Managing Director.

In order to fuel its ongoing and anticipated success, the company required a credit facility. Access Capital stepped in and expertly crafted a tailored credit solution that will help the new borrower continue to generate strong revenue growth.

Ocean Bank’s Factoring Division has financed a $10mm factoring facility to fund the expansion plans of a leading provider of offshore deep-water oil rig repairs. The client is well established in the market and has provided services to some of the world’s largest oil producers for more than 30 years.

CVC Credit is pleased to announce that it has priced Apidos XLV (45), a new issue Collateralized Loan Obligation (“CLO”) vehicle totalling $500 million (c.€450 million). Bank of America served as lead arranger.

Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Adam Waldman has joined the firm as Managing Director, Investment Banking.

Citizens announced today that its national Citizens Business Conditions Index™ (CBCI) rose to 53.9 in the first quarter, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. The Index had dipped below 50 during the fourth quarter of last year and the bounce-back during the first quarter signaled a return to positive business conditions.

Ninepoint Partners LP, the manager (the “Manager” or “Ninepoint”) of Ninepoint-TEC Private Credit Fund II (“Ninepoint-TEC” or the “Fund”), announced today that it has secured a revolving credit facility from BMO Bank of Montreal (“BMO”) in the amount of $100 million, with $50 million committed and an additional $50 million accordion,

Morgan Stanley & Co. LLC acted as sole structuring agent to the Company. Latham & Watkins LLP served as legal counsel to Seres. Sullivan & Cromwell LLP served as legal counsel to Oaktree.

B. Riley Financial, Inc. (Nasdaq: RILY), a diversified business advisory and financial services platform, today announced that B. Riley Advisory Services has been recognized as the top firm in several categories of The National Law Journal's Best of 2023 survey based on votes from clients and law firm professionals nationwide.

Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit, today announced that Evan Carruthers, Chief Investment Officer, has been appointed the additional role of Co-Chief Executive Officer alongside Rory O'Neill, who has assumed the title of Executive Chair and Co-Chief Executive Officer.

Flatbay Capital’s latest funding is a $2.5 million Owner-Occupied CRE Bridge Loan for a headquarters in Austin, Texas.

SLR Equipment Finance is pleased to announce Jenifer Friel has joined our company as Director of Documentation. In her role, Jenifer will help grow SLR Equipment Finance’s documentation team and operational activity. Jenifer was most recently with DLL and brings many years of expertise in managing the documentation process from final credit approval to ultimate funding of contracts with customers.

SG Credit Partners, through its SG Consumer Products division, is excited to announce its partnership with Patrick Ta Beauty, one of the fastest growing brands of next-generation cosmetics in North America. This announcement comes on the heels of the company welcoming industry veteran Kimberly Villatoro as its new CEO in March 2023.

Further solidifying its Band 1 ranking and dominant market share in collateralized loan obligations, Paul Hastings LLP announced today that preeminent lawyer Nicholas (Nick) Robinson leads a group who has joined the firm. Robinson joins as a partner alongside fellow partner Tracy Feng and a team of associates, all based in New York.